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 equally. How much of the net income of $75,000 is allocated to Yolanda?
A) $66,000
B) $40,000
C) $35,000
D) $43,000
C
You might also like to view...
Which of the following is not one of the principal components of strategic significance in the PESTEL analysis?
A. sociocultural forces that include societal values, attitudes, cultural factors, and lifestyles that impact business B. technological factors that include the pace of change and technical developments that have the potential for impacting society C. political factors including the extent to which government intervenes in the economy D. economic conditions that include the general economic climate and specific factors such as interest rates, inflation rate, and unemployment rate, as well as conditions in the stock and bond markets that can affect consumer confidence E. environmental forces that include the competitive structure, the degree of industry fragmentation, and the mobility barriers that inhibit business
Concreate Development requires architects to design its latest venture—a 64-story skyscraper. It makes a business arrangement with Excellent Architecture and acquires four architects on contract for the ongoing project
This is an instance of a ________. A) licensing arrangement B) franchise C) limited partnership D) joint venture
Tory borrows $10,000 from USA National Bank to remodel a room in her home. This transaction is subject to? A)?no federal law
B)?the Consumer Leasing Act. C)?the Consumer Product Safety Act. D)?the Truth-in-Lending Act.
The error that occurs when the number $916 is written as $961 is called a(n) ________ error.
Fill in the blank(s) with the appropriate word(s).