Radley and Smithers share income and losses in a 2:1 ratio after allowing for salaries to Radley of $24,000 and $30,000 to Smithers. Net income for the partnership is $48,000. Income should be divided as follows:
A) Radley, $24,000; Smithers, $24,000
B) Radley, $21,000; Smithers, $27,000
C) Radley, $32,000; Smithers, $16,000
D) Radley, $20,000; Smithers, $28,000
D
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Mungo Pet Supplies makes cat trees for several pet store chains. They order rolls of carpet (used to cover the trees) from a supplier. Mungo’s management has decided to use an EOQ model. The annual demand for carpet is estimated to be 1,000 rolls. The purchase price per roll is $20 and estimated inventory carrying cost rate is 25%. The cost to place an order from the supplier is $30. What is the average inventory amount that Mungo can expect to hold at any one time?
a. 54.7 b. 1000 c. 109.5 d. 500
If the most optimistic time for completing an activity is 1, the most likely time is 2, and the most pessimistic time is 4, then the estimated time for the activity is ______.
a. 2.17 b. 3.63 c. 5.38 d. 9.44
Subchapter S corporations have the benefits of limited liability as in partnerships and are taxed as corporations
Indicate whether the statement is true or false
Because Nancy is extremely risk averse she is less likely to receive a solid rate of return on her investment portfolio than Babby who is more accepting of a risky portfolio
Indicate whether this statement is true or false.