Seth and Rachel 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 $27,000 and $18,000, respectively; and the remainder divided equally. How much of the net loss of $16,000 is allocated to Seth?
a. $8,000
b. $6,000
c. $4,000
d. $16,000
b
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Stella, age 38, is single with no dependents. The following information was obtained from her personal records for the 2019 year. Salary$30,000 Interest income7,000 Alimony received12,000 Individual retirement account contribution2,000 Home mortgage interest expense4,000 Property taxes2,000 Personal casualty loss in a Federal disaster area (after the $100 floor)38,000 Stolen investment property16,000 ? Based on this information, what is Stella’s net operating loss for 2019?
A. $0 B. ($7,200) C. ($8,300) D. ($13,000) E. None of these.
Switzerland, China, and Colombia are nations that present topographic challenges to marketers because their markets are divided by mountain ranges.
Answer the following statement true (T) or false (F)
A capacity alternative has an initial cost of $50,000 and cash flow of $20,000 for each of the next four years. If the cost of capital is 5 percent, the net present value of this investment is:
A) greater than $80,000 but less than $130,000. B) greater than $130,000. C) less than $30,000. D) impossible to calculate, because no interest rate is given. E) impossible to calculate, because variable costs are not known.
The applications approach to data management decouples the data from the applications or other users of the data.
Answer the following statement true (T) or false (F)