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 Singer's share of the income (loss) be if the net loss for the year is $10,000?
a. $(12,600)
b. $(14,000)
c. $(6,000)
d. $(10,000)
b
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Inscho Corporation manufactures numerous products, one of which is called Delta10. The company has provided the following data about this product: Unit sales (a) 140,000 Selling price per unit$85.00 Variable cost per unit 53.00 Contribution margin per unit (b)$32.00 Total contribution margin (a) × (b)$4,480,000 Traceable fixed expense 4,030,000 Net operating income$450,000 ?Assume that the total traceable fixed expense does not change. How many units of product Delta10 would Inscho need to sell at a price of $90.95 to earn the same net operating income that it currently earns at a price of $85.00? (Round your answer up to the nearest whole number.)
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