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Partners A and B have a profit and loss agreement with the following provisions: salaries of $40,000 and $45,000 for A and B, respectively; a bonus to A of 10% of net income after salaries and bonus; and interest of 15% on average capital balances of $40,000 and $60,000 for A and B, respectively. One-third of any remaining profits or losses are allocated to B and the balance to A. If the partnership had net income of $52,000, how much should be allocated to Partner A
What is the net present value of the film project? To simplify, assume that all outlays to produce the film occur at time 0. Should the company produce the film?
What dollar amount of sales must be achieved to reach the goal if fixed costs are $64,000?
On September 1, 2014, Winans Corporation acquired Aumont Enterprises for a cash payment of $703,380. At the time of purchase, Aumont’s balance sheet showed assets of $601,200, liabilities of $193,360, and owners’ equity of $407,840. The fair value of..
The fair market value of the El Toro stock was $100 per share on June 30, 2010. Illustrate what are the tax consequences of the stock dividend to Raoul?
based on the information above, what is total amount of expenses allocated to each department(rounded to the nearest dollar)?
Your responses must be 3-4 sentences long each and represent "active communication."
Elite Kitchenware has come out with a new line of dishes that it plans to test market through a series of demonstrations at the local mall throughout the month of August. Calculate expected profit for each price.
Are the approaches you described in answer to question (2) mutually exclusive, or can they be used to complement each other? Explain?
A company currently completed 45,000 units of a product that was expected to consume four pounds of direct material for each finished unit. The standard price of direct material was $8 per pound.
Prepare all the entries that would be made relative to sales of soap powder and to the premium plan in both 2010 and 2011. Assume a FIFO inventory flow.
the value of the random variable for each of the experimental outcomes.to perform a certain type of blood analysis lab
question 1franks machine shop operates 250 days per year. frank sells 5000 units per year of his most popular item a
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