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Quince Interests is a partnership with a tax year that ends 30th September, 2012. During that year, Potter, a partner, received $3,000 per month as a guaranteed payment, and his share of partnership income after guaranteed payments was $23,000. For October during December of 2012, Potter received guaranteed payments of $4,000 per month. Evaluate the amount of income from the partnership that Potter should report for his tax year ended 31st December, 2012.
Describe why an equal percentage increase (or decrease) in sales for each firm would have such differing effects on operating income. Evaluate the ratio of contribution margin to operating income for each firm in 2008. (Hint: Divide contribution..
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Balance sheet of the Captain Jet Inc
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Show how you would account for the reduction of the building and how the replacement of the roof would affect the depreciation calculations about 600 words
Prepare your retirement plan for Client Expected rate of return on retirement savings
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