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?

$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

hi,

henry is an economist and wants to understand the relationship between inflation and consumer spending habits. for his research, he needs the consumer price index for 2014 and the inflation rate. based on the prices of goods given, what will he find to be the cpi and inflation rate for 2014? assume that a consumer’s basket for three consecutive years consists of the following:

you dont privide answer choices.

answer - 15% of a inflatation rate is 15% less in cpi