Sharing profits and losses

Reference no: EM13120325

Partners bob and don have agreed to share profits and losses in an 80:20 ratio respectively, after bob is allowed a salary allowance of $140,000 and don is allowed a salary allowance of $70,000. if the partnership had net income of $140,000 for 2010, don's share of the income would be?

Reference no: EM13120325

Questions Cloud

Lagrange polynomial interpolation : Given P(x), where P describes the kth Lagrange polynomial that interpolates f at k+ 1 points:

Explain find the equation of the regression line : Find the equation of the regression line. Graph the line . Determine the slope and y-intercept of the regression line.

Find confidence interval for population mean of fall lobster : The mean weight was 2.9 pounds with standard deviation of .6 pounds find a 90% confidence interval for the population mean of the fall lobster.

Explain the supply chain and the value chain : The Accountant's Role in the Organization.

Sharing profits and losses : Partners bob and don have agreed to share profits and losses in an 80:20 ratio respectively, after bob is allowed a salary allowance of $140,000 and don is allowed a salary allowance of $70,000. if the partnership had net income of $140,000 for 20..

Find the mass of sand : An unknown mass of each of sand, initially at 24.0, absorbs 1970 of heat. The final temperature is 62.2 degrees C. Find the mass of sand.

Polynomial representation area of rectangular garden : Rose's garden is a square with sides of length x feet. Next spring she plans to make it rectangular by lengthening one side 5 feet and shortening the other side by 5 feet. What polynomial represents the new area?

Explain by how much time elapses while the auto moves : Explain by how much time elapses while the auto moves the 180 ft? If the acceleration is constant, how much time elapses while the auto moves the 180 ft.

Probability that sample proportion p will be given value : Respond to the questions? In other words, what is the probability that the sample proportion p will be at least 75/300 = 0.25?

User Account

All Pages