User Account

All Pages

How much is the amount of the bonus

Assignment Help Accounting Basics
Reference no: EM133084937

Question - A, B, and C formed a partnership in 2018 with C as a managing partner. They agreed to share profit and loss in the ratio of 3:2:1. C will be given a bonus of 15% of the profit in excess of P1,000,000. P130,000 will be given to each partners as salary. The partnership earned a profit of P2,500,000 in November of 2021.

1. How much will be the share of Partner C in the profit?

2. Refer to the problem, how much is the share of Partner B?

3. Refer to the problem, except that the profit of the partnership is P975,000, how much will be the share of Partner A?

4. Refer to the problem, assume that the partnership has a profit of P1,250,000 and a bonus of 15% will be given to C based on profit after bonus, how much is the amount of the bonus?

Reference no: EM133084937

Questions Cloud

Identify the organization information presented : Identify the organization's information presented. Evaluate the value this project will bring to the organization.
What is big data and its uses in business : What is Big data and its uses in Business. Use of Artificial intelligence in Big Data Submit document in APA in PDF /Word format
Current events effecting business activities : Collect 5 current events effecting Business activities (world wide) and marketplace. Describe in 5 - 10 lines each
How can we make a new company sustainable : How can we make a new company sustainable? Name 5 practices.
How much is the amount of the bonus : Assume that the partnership has a profit of P1,250,000 and a bonus of 15% will be given to C based on profit after bonus, how much is the amount of the bonus
What is a civil society organization : What is a Civil Society Organization? How many paths are there according to Visser?
Primary internal considerations for strategic plan : How important is structure/culture compared to other primary internal considerations for a strategic plan? Explain role of strategic leaders and what they do.
Proposed project will help apple company : Outline some of the ways your proposed project will help apple company:
Need financial analysis : Need financial analysis and comparison - the analysis must be referenced using harvard references. the currency is £ GBP. the language must be UK english

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd