Xavier and Yolanda have original investments of $50,000 and $100,000, respectively, in a partnership. The articles of partnership include the following provisions regarding the division of net income: interest on original investment at 10; salary allowances of $38,000 and $28,000, respectively; and the remainder to be divided equally. How much of the net income of $77,000 is allocated to Xavier?
a. $66,000
b. $41,000
c. $36,000
d. $43,000
b
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When using goal-setting theory to motivate employees, managers should
A. set targets that are just out of employees' reach. B. help workers understand and accept the goals. C. set general goals that are emotionally appealing. D. hold employees responsible for getting their own feedback. E. set goals that are easily achievable.
Chad finds that he meets the eligibility requirements for Social Security. He elects to receive retirement benefits at 62. Which statement is true?
A. He will receive retirement benefits only according to his earnings history. B. He will receive benefits at a permanently reduced level. C. He will receive full retirement benefits. D. He will not be eligible for worker's compensation. E. His exempt amount limits will be lifted.
Return on assets ratio
a. Market price per share b. Net sales c. Gross profit d. Average total assets e. Interest expense, net of tax f. Net income g. Total liabilities h. Total assets
The use of computer monitoring allows product costs to be traced directly to work cells
Indicate whether the statement is true or false