Singer and McMann are partners in a business. Singer's original capital was $40,000 and McMann's was $60,000. They agree to salaries of $12,000 and $18,000 for Singer and McMann respectively and 10% interest on original capital. If they agree to share remaining profits and losses on a 3:2 ratio, what will McMann's share of the income be if the income for the year was $15,000?
A) $6,000
B) $9,400
C) $12,600
D) $14,000
D
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In a vertical analysis of the balance sheet, the 100% amount is
a. Current assets b. Working capital c. Total assets d. Total stockholders' equity
Results-oriented rating methods focus on employee behaviors, either by comparing the performance of employees to that of other employees or by evaluating each employee in terms of performance standards without reference to others.
Answer the following statement true (T) or false (F)
Which of the following is a possible test statistic for a Wilcoxon Signed-Rank Test?
a. T = |T-|
b. All of these answers.
c. T = smaller of |T-|, T+
d. T = T+
A buy-and-hold investment strategy
A) avoids timing the market. B) minimizes transaction costs. C) postpones capital gains taxes. D) means your gains will be taxed as long-term capital gains. E) all of the above.