QUESTION TWO Alice and Bob are in partnership sharing profits in the ratio 3:2. The partnership's profit for the year was KShs.654,600. The partnership agreement provides for: Interest to be paid on the partners' opening capital balances at a rate of 5% per annum Interest on drawings at a rate of 8% per annum on all drawings during the year Partners' annual salaries of Alice, KShs.90,000; Bob, KShs.50,000. At the beginning of the year, the partners' capital and current account balances were: Capital (KShs.) Current (KShs.) Alice 1,200,000 (Cr) 157,000 (Cr) Bob 800.000 (Cr) 45,000 (Dr) During the year, Alice's drawings were KShs.180,000 and Bob's drawings were KShs.310,000. Required: a) Prepare the Partnership Appropriation Account b) Calculate each partner's share of the residual profit and total profit share c) Prepare the partners' current accounts

Shareholders of tesla recently expressed concerns that elon musk should give up some of his power on tesla's board by appointing two independent directors. which of the following is not a reason why elon musk is perceived to have significant power over tesla's board? 1. he is the founder of the firm and a successful entrepreneur, thus board members may be hesitant to challenge him.2. as the ceo and chairman of the firm he can easily determine what the board should discuss and how it should vote on strategic issues.3. all board members, except for kimbal, have been appointed to the board during elon's tenure.4. many of the firm's directors are outsider investment managers whose interests would not be aligned with those of firms' shareholders.

Captain john's yachts, inc., located in fort lauderdale, florida, rents three types of ocean-going boats: sailboats, cabin cruisers, and captain john's favorite, the luxury yachts. captain john advertises his boats with his famous "you rent"we pilot" slogan, which means that the company supplies the captain and crew for each rented boat. each rented boat has one captain, of course, but the crew sizes (deck hands, galley hands, etc.) differ. the crew requirements, in addition to a captain, are one for sailboats, two for cabin cruisers, and three for yachts. ten employees are captains, and an additional 18 employees fill the various crew positions. currently, captain john has rental requests for all his boats: four sailboats, eight cabin cruisers, and three luxury yachts. if captain john's daily profit contribution is $50 for sailboats, $70 for cruisers, and $100 for luxury yachts, how many boats of each type should he rent?

Harry is 25 years old with a 1.55 rating factor for his auto insurance. if his annual base premium is $1,012, what is his total premium? $1,568.60 $2,530 $1,582.55 $1,842.25