Business, 29.06.2021 16:40, whitefang3153
Dividing Partnership Net Income
John Prado and Ayana Nicks formed a partnership, dividing income as follows: Annual salary allowance to Prado, $10,000 and Nicks, $28,000. Interest of 5% on each partner's capital balance on January 1. Any remaining net income divided equally. Prado and Nicks had $20,000 and $50,000, respectively, in their January 1 capital balances. Net income for the year was $30,000. How much net income should be distributed to Prado and Nicks?
Prado: $
Nicks: $
Answers: 3
Business, 22.06.2019 20:50, payshencec21
Which of the statements best describes why the aggregate demand curve is downward sloping? an increase in the aggregate price level causes consumer and investment spending to fall, because consumer purchasing power decreases and money demand increases. as the aggregate price level increases, consumer expectations about the future change. as the aggregate price level decreases, the stock of existing physical capital increases. as a good's price increases, holding all else constant, the good's quantity demanded decreases.
Answers: 2
Business, 23.06.2019 16:30, mlandon922
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Answers: 3
Business, 23.06.2019 18:00, Tabithaharjo6
In financial language, a "quarter" is one quarter of a year, or three months. your annual sales are $123,000. the sales are spread evenly over four quarters except that sales in the last quarter are double any other quarter because of the holidays. what are your sales in the first quarter of the year?
Answers: 3
Dividing Partnership Net Income
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