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C. Eastwood, A. North, and M. West are manufacturers' representatives in the architecture business. Their capital accounts in the ENW partnership for 20X1 were as
C. Eastwood, A. North, and M. West are manufacturers' representatives in the architecture business. Their capital accounts in the ENW partnership for 20X1 were as follows: Required: For each of the following independent income-sharing agreements, prepare an income distribution schedule. a. Salaries are $15,300 to Eastwood, $20,200 to North, and $19,700 to West. Eastwood receives a bonus of 5 percent of net income after deducting his bonus. Interest is 10 percent of ending capital balances. Eastwood, North, and West divide any remainder in a 3:3:4 ratio, respectively. Net income was $77,910. b. Interest is 10 percent of weighted-average capital balances. Salaries are $24,700 to Eastwood, $22,100 to North, and $25,600 to West. North receives a bonus of 10 percent of net income after deducting the bonus and her salary. Any remainder is divided equally. Net income was $69,290. c. West receives a bonus of 20 percent of net income after deducting the bonus and the salaries. Salaries are $21,300 to Eastwood, $18,400 to North, and $15,600 to West. Interest is 10 percent of beginning capital balances. Eastwood, North, and West divide any remainder in an 8:7:5 ratio, respectively. Net income was $94,180. Complete this question by entering your answers in the tabs below. For each of the following independent income-sharing agreements, prepare an income distribution schedule. Interest is 10 percent of weighted-average capital balances. Salaries are $24,700 to Eastwood, $22,100 to North, and $25,600 to West. North receives a bonus of 10 percent of net income after deducting the bonus and her salary. Any remainder For each of the following independent income-sharing agreements, prepare an income distribution schedule. West receives a bonus of 20 percent of net income after deducting the bonus and the salaries. Salaries are $21,300 to Eastwood, $18,400 to North, and $15,600 to West. Interest is 10 percent of beginning capital balances. Eastwood, North, and West divide any remainder in an 8:7:5 ratio, respectively. Net income was $94,180. Note: Do not round intermediate calculations. Amounts that are to be deducted from an individual partner's capital balance should be entered with a minus sign. For each of the following independent income-sharing agreements, prepare an income distribution schedule. Interest is 10 percent of weighted-average capital balances. Salaries are $24,700 to Eastwood, $22,100 to North, and $25,600 to West. North receives a bonus of 10 percent of net income after deducting the bonus and her salary. Any remainder is divided equally. Net income was $69,290. Note: Do not round intermediate calculations. Round the final answers to nearest whole dollar. Amounts that are to be deducted from an individual partner's capital balance should be entered with a minus sign. Salaries are $15,300 to Eastwood, $20,200 to North, and $19,700 to West. Eastwood receives a bonus of 5 perce income after deducting his bonus. Interest is 10 percent of ending capital balances. Eastwood, North, and West d remainder in a 3:3:4 ratio, respectively. Net income was $77,910. Note: Amounts that are to be deducted from an individual partner's capital balance should be entered with a min C. Eastwood, A. North, and M. West are manufacturers' representatives in the architecture business. Their capital accounts in the ENW partnership for 20X1 were as follows: Required: For each of the following independent income-sharing agreements, prepare an income distribution schedule. a. Salaries are $15,300 to Eastwood, $20,200 to North, and $19,700 to West. Eastwood receives a bonus of 5 percent of net income after deducting his bonus. Interest is 10 percent of ending capital balances. Eastwood, North, and West divide any remainder in a 3:3:4 ratio, respectively. Net income was $77,910. b. Interest is 10 percent of weighted-average capital balances. Salaries are $24,700 to Eastwood, $22,100 to North, and $25,600 to West. North receives a bonus of 10 percent of net income after deducting the bonus and her salary. Any remainder is divided equally. Net income was $69,290. c. West receives a bonus of 20 percent of net income after deducting the bonus and the salaries. Salaries are $21,300 to Eastwood, $18,400 to North, and $15,600 to West. Interest is 10 percent of beginning capital balances. Eastwood, North, and West divide any remainder in an 8:7:5 ratio, respectively. Net income was $94,180. Complete this question by entering your answers in the tabs below. For each of the following independent income-sharing agreements, prepare an income distribution schedule. Interest is 10 percent of weighted-average capital balances. Salaries are $24,700 to Eastwood, $22,100 to North, and $25,600 to West. North receives a bonus of 10 percent of net income after deducting the bonus and her salary. Any remainder For each of the following independent income-sharing agreements, prepare an income distribution schedule. West receives a bonus of 20 percent of net income after deducting the bonus and the salaries. Salaries are $21,300 to Eastwood, $18,400 to North, and $15,600 to West. Interest is 10 percent of beginning capital balances. Eastwood, North, and West divide any remainder in an 8:7:5 ratio, respectively. Net income was $94,180. Note: Do not round intermediate calculations. Amounts that are to be deducted from an individual partner's capital balance should be entered with a minus sign. For each of the following independent income-sharing agreements, prepare an income distribution schedule. Interest is 10 percent of weighted-average capital balances. Salaries are $24,700 to Eastwood, $22,100 to North, and $25,600 to West. North receives a bonus of 10 percent of net income after deducting the bonus and her salary. Any remainder is divided equally. Net income was $69,290. Note: Do not round intermediate calculations. Round the final answers to nearest whole dollar. Amounts that are to be deducted from an individual partner's capital balance should be entered with a minus sign. Salaries are $15,300 to Eastwood, $20,200 to North, and $19,700 to West. Eastwood receives a bonus of 5 perce income after deducting his bonus. Interest is 10 percent of ending capital balances. Eastwood, North, and West d remainder in a 3:3:4 ratio, respectively. Net income was $77,910. Note: Amounts that are to be deducted from an individual partner's capital balance should be entered with a min
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