Reference no: EM13340006
Rex Baker and Ty Farney are forming a partnership to which Baker will devote three-fourth time and Farney will devote full time.
They have discussed the following alternative plans for sharing income and loss:
(a) in the ratio of their initial capital investments, which they have agreed will be $32,000 for Baker and $48,000 for Farney;
(b) in proportion to the time devoted to the business;
(c) a salary allowance of $2,250 per month to Farney and the balance in accordance with the ratio of their initial capital investments; or
(d) a salary allowance of $2,250 per month to Farney, 10% interest on their initial capital investments, and the balance shared equally.
The partners expect the business to perform as follows: year 1, $14,000 net loss; year 2, $35,000 net income; and year 3, $58,333 net income.
Year 1
Income (Loss)
-----------------------
Sharing Plan Baker Farney
(a) $ $
(b) $ $
(c) $ $
(d) $ $
--------------------------------------------------------------------------------
Year 2
Income (Loss)
--------------------------------------------------------------------------------
Sharing Plan Baker Farney
(a) $ $
(b) $ $
(c) $ $
(d) $ $
--------------------------------------------------------------------------------
Year 3
Income (Loss)
--------------------------------------------------------------------------------
Sharing Plan Baker Farney
(a) $ $
(b) $ $
(c) $ $
(d) $ $
Describe the process of recruitment as function
: DESCRIBE THE PROCESS OF RECRUITMENT AS FUNCTION.DISCUSS THE METHODS OF SOURCING MANPOWER,WITH EXAMPLES
|
Lowering the interest rate to stimulate the economies
: Explain why the European Central Bank cannot selectively change interest rates in any of the 16 EU countries that have adopted the euro—for example, lowering the interest rate to stimulate the economies of Greece, Ireland, or Spain, while maintaining..
|
Calculate the density of the water in the dead sea
: Because of salt content, the density of the water in the Dead Sea (Middle East) is greater than ocean water. Air pressure (at sea level) is 1.013 x 105 Pa. Calculate the density of the water in the Dead Sea in kg/m3. g = 9.8 m/s2
|
What were nates speeds immediately before nd after collision
: Nate the Skate was an avid physics student whose main non-physics interest in life was high-speed skateboarding. In particular, Nate would often don a protective suit of Bounce-Tex
|
Proportion to the time devoted to the business
: The ratio of their initial capital investments, which they have agreed will be $32,000 for Baker and $48,000 for Farney - proportion to the time devoted to the business;
|
Child labor
: Child labor
|
Graph the supply and demand schedules for burritos
: Suppose the market demand for burritos is given by Q d = 40 – 5P and the market supply for burritos is given by Qs = 10P – 20, where P = price (per burrito).
|
Calculate electric field at lower left corner due to charges
: Four identical charged particles (q = +10.9 µC) are located on the corners of a rectangle as shown in the figure below. The dimensions of the rectangle are L = 56.4 cm and W = 14.9 cm
|
Draw a graph to illustrate the shape of a typical indifferen
: The consumer has an income of $24 per week. The price of a hamburger is $2 and the price of a milkshake is $1. How many milkshakes and hamburgers will he buy each week if he maximizes utility? Illustrate your answer on a graph.
|