Emmett and Sierra formed a partnership dividing income as follows: 1. Annual salary allowance to Emmett of $48,000. 2. Interest of 8% on each partner's capital balance on January 1. 3. Any remaining net income divided equally. Emmett and Sierra had $25,000 and $140,000, respectively, in their January 1 capital balances. Net income for the year was $200,000. How much of the $200,000 net income should be distributed to Emmett?

Answer:

$119,400

Explanation:

The computation of the net income that should be distributed to Emmett is as follows:

Particulars               Emmett           Sierra          Total

Net income                                                          $200,000

Salary                      $48,000                              ($48,000)

Balance left                                                         $152,000

Interest at 8%          $2,000        $11,200         ($13,200)

                    ($25,000 × 8%)      ($140,000 × 8%)

Balance left                                                          $138,800

Balance allocation   $69,400       $69,400

Share of profit         $119,400       $80,600

Choose 3 macro factors (Political, Economical, Social, Technological, Environmental)

When an individual taxpayer sells depreciable real property used in a business for an amount that exceeds its original cost/original basis, how is the gain taxed

Another name for the goods and services produced by company​

How does an employee know how much their paycheck is going to be?

pls help me

Which type of text takes a larger proportion of money from people who make more money?

A
fair tax

B
progressive tax

C
proportional tax

D
regressive tax

The difference between a public and private school is that the government financially supports private schools A. True B. False

When mortgages are pooled together and interests in the pool are sold as securities, this process is referred to as

Rizzo Goal Inc. produces and sells hockey equipment, often custom made for online orders. The company has the following performance metrics on its balanced scorecard: days from ordered to delivered, number of shipping errors, customer retention rate, and market share. A measure map illustrates that the days from ordered to delivered and the number of shipping errors are both expected to directly affect the customer retention rate, which affects market share. Additional internal analysis finds that: Every shipping error over three shipping errors per month reduces the customer retention rate by 1.5%. On average, each day above three days from ordered to delivered yields a reduction in the customer retention rate of 1%. Each day before three days from order to delivery yields an increase in the customer retention rate of 1%, on average. Rizzo Goal Inc.’s current customer retention rate is 60%. The company estimates that for every 1% increase or decrease in the customer retention rate, market share changes 0.5% in the same direction. Rizzo Goal Inc.’s current market share is 21.4%. Ignoring any other factors, if the company has six shipping errors this month and an average of 3.5 days from ordered to delivered. a. Determine the new customer retention rate. fill in the blank 1 % b. Determine the new market share that Rizzo Goal Inc. expects to have. Round your answer to one decimal place.

Which of the following locations can NOT be insulated to promote energy conservation?

Windows

Walls

Balcony

Roof

gluon inc. is considering the purchase of a new high pressure glueball. it can purchase the glueball for $90,000 and sell its old low pressure glueball, which is fully depreciated, for $16,000. the new equipment has a 10-year useful life and will save $20,000 a year in expenses. the opportunity cost of capital is 8%, and the firm's tax rate is 21%. what is the equivalent annual saving from the purchase if gluon can depreciate 100% of the investment immediatley.

If a company has employees, their salaries and wages are accounted for in

which column of a worksheet?

A. Credit column of balance sheet

B. Credit column of income statement

C. Debit column of income statement

D. Debit column of balance sheet

The task of crafting a strategy is
А
the function and responsibility of a few high-level executives
B
more of a collaborative group effort that involves all managers and sometimes key employees striving
to arrive at a consensus on what the overall best strategy should be
С
the function and responsibility of a company's strategic planning staff
D
a job for a company's whole management team - senior executives plus the managers of business
units, operating divisions, functional departments, manufacturing plants, and sales districts
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A major concern with Social Security is the possibility that funds will not be available when today’s tax-payers retire to become beneficiaries. According to the Social Security Trustee’s report, an increase of 1.89% in the Social Security payroll tax would keep the account full for the next 75 years. To achieve similar results, benefits would have to be decreased from the current 42% of the ending salary to 29% of the salary. Cindy is relatively new to the workforce. She has 32 years until she can retire. Her current annual salary is $45,000. 1a) Calculate how much Cindy will have to pay in Social Security tax (6.2%) based on this salary. 1b) Calculate how much Cindy will have to pay in Social Security tax if the tax was increased by 1.89%. 2a) Calculate Cindy’s annual Social Security benefit (about 42%) if her salary remains unchanged until she retires (annual average is $45,000). 2b) Calculate Cindy’s annual Social Security benefit if her salary remains unchanged but benefits (based on her annual salary of $45,000) were cut from 42% to 29%. 3) If Cindy were given a choice between the increase in Social Security tax now or the decrease in Social Security benefits when she retires, which would you recommend she choose? Explain your answer thoroughly.