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 be if the income for the year is $50,000?
a. $24,000
b. $22,000
c. $16,000
d. $23,400
b
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When common stock is issued at an amount greater than par value, the difference between the par value and the proceeds from the sale is recorded by
A) crediting the common stock account. B) debiting an additional paid-in capital account. C) crediting the retained earnings account. D) crediting an additional paid-in capital account.
Two commonly used measures to calculate the capability of a process are ______.
A. the process capability index and process centering capability index B. the process centering capability index and the control index C. the control index and the range specification D. the range specification and the process capability index
The ________ variable allows for an initial basic feasible solution, but it has no meaning. Therefore, after we get the simplex tableau started, they are discarded in later iterations
Fill in the blank with correct word.
Under the Clean Air Act, if a plant owner plans to build a plant in a "clean air area" he:
a. does not need a preconstruction permit from the EPA or the state agency that enforces the Act b. needs a preconstruction permit from the EPA or the state agency that enforces the Act c. does not need to get any permits until after construction begins d. can begin construction with no permit if he pays a fee to the state agency that enforces the Act e. none of the other choices are correct