Partnership net income of 66000 is to divided between two

Assignment Help Accounting Basics

Reference no: EM13610143

Partnership net income of $66,000 is to divided between two partners, Elan and Brian, according to the following arrangement: There will be salary allowances of $40,000 for Elan and $20,000 for Brian, with the remainder divided equally. How much of the net income will be distributed to Elan and Brian respectively?

Reference no: EM13610143

Questions Cloud

Berea company produces 2500 units each unit was expected : berea company produces 2500 units. each unit was expected to require 2 labor hours at a cost of 10 per hour. total

In the measurement of length of a cylinder the main scale : in the measurement of length of a cylinder the main scale reading of a vernier caliper is 1.5 cm the vernier reading is

What is participative budgeting what are its potential : what is participative budgeting? what are its potential benefits? what are its potential disadvantages?what is

Estimate the overall measurement instrument uncertainty for : a pressure measurement system has the following specifications range 0 to 1 kpa linearity error 0.05 fso hysteresis

Partnership net income of 66000 is to divided between two : partnership net income of 66000 is to divided between two partners elan and brian according to the following

A car starts from rest on a circular track that has a : a car starts from rest on a circular track that has a radius of 300m. it accelerates with a constant tangential

Given the heights of women are normally distributed with a : given the heights of women are normally distributed with a mean of 63.6 inches and a standard deviation of 2.5 inches.

Determine the following a the boundary work for the : a piston cylinder device contains 0.25 kg of air initially at 1.8 mpa and 360 degc. the air is first expanded

Partnership net income of 66000 is to divided between two : partnership net income of 66000 is to divided between two partners elan and brian according to the following

Reviews

Write a Review

Required(*) Message

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

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

User Account

All Pages