Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on May 31, 2022

Partnership A has three partners A, B and C. If the total total partners salary allowances are 450,000, and Partner As salary allowance is 50,000

Partnership A has three partners A, B and C. If the total total partners salary allowances are 450,000, and Partner A’s salary allowance is 50,000 and Partner B’s salary allowance is 100,000,how much is Partner C’s salary allowance?

A. 300,000

B. 150,000

C. 100,000

D. 50,000

E. None of the above

Step by Step Solution

★★★★★

3.48 Rating (161 Votes )

There are 3 Steps involved in it

Step: 1

Total Partners Salary less Pouther As Salay al... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Quantitative Methods For Business

Authors: Donald Waters

5th Edition

273739476, 978-0273739470

Students also viewed these Accounting questions

Question

★★★★★

Partners A, B and C had the following balances prior to admission of D: A, Loan (debit): P 20, 000; B, Loan (credit): P 60, 000; A, Capital (debit): P 30, 000; B, Capital (credit): P 120, 000; C,...

Answered: 1 week ago

Question

★★★★★

Partners Gina Jocketty and B. Madson are provided salary allowances of 30,000 and 25,000, respectively. They divide the remainder of the partnership income in a ratio of 60:40. If partnership net...

Answered: 1 week ago

Question

★★★★★

The DEF Partnership has total assets of $55,000. Partner D has a capital credit of $6,000, Partner E has a capital deficit of $20,000, and Partner F has a capital credit of $8,000. Is the DEF...

Answered: 1 week ago

Question

★★★★★

When is inflation an important issue in conducting case analysis? Why bother?

Answered: 1 week ago

Question

★★★★★

A real estate development firm owns a fully leased forty-story office building. A tenant recently moved its offices out of two stories of the building, leaving the space temporarily vacant. If the...

Answered: 1 week ago

Question

★★★★★

6. Review the three levels of a product that are described in the chapter and shown in Figure 7.4. Apply the levels of product concept by discussing each level in terms of the most popular sport at...

Answered: 1 week ago

Question

★★★★★

=+11. Flight decision. You are planning a trip home at the end of the semester and need to make plane reservations soon. However, youve just had a preliminary interview with

Answered: 1 week ago

Question

★★★★★

Using the information presented in the following table, identify the processing sequence that would result using (1) FCFS, (2) SPT, (3) EDD, and (4) CR. For each method, determine (1) average job...

Answered: 1 week ago

Question

★★★★★

Graff, Incorporated, has sales of $ 4 4 , 4 8 0 , costs of $ 1 4 , 2 8 0 , depreciation expense of $ 3 , 2 3 0 , and interest expense of $ 2 , 3 6 0 . The tax rate is 2 2 percent. What is the...

Answered: 1 week ago

Question

★★★★★

Read the case XYZ Company: An Integrated Capital Budgeting Instructional Case and answer the following question: Should the replacement asset be purchased? That is, does it make economic (financial)...

Answered: 1 week ago

Question

★★★★★

Respond to the discussions below Discussion 1 Provide one of your own examples (not out of the book) of each of the three types of F-tests (three examples total). TWO- FACTOR ANOVA : For example,if...

Answered: 1 week ago

Question

★★★★★

Flyaway Rural Airlines is planning to add the following three aitcraft to its fleet, an Airbus, a Boeing and an fimbraer, with the following characteristic: Part A: Calculate the weighted average...

Answered: 1 week ago

Question

★★★★★

Nithya is setting up QuickBooks Online for the first time. When would she enter an opening balance? Select an answer: when a customer has a balance in her previous accounting system when she wants to...

Answered: 1 week ago

Question

★★★★★

You are a chairperson of source selection, evaluation board for a new jet engine. You had to brief a SSEB member on the procedures for protecting source selection, information what procedures would...

Answered: 1 week ago

Question

★★★★★

Hi-Tech Commerce Co. (HTC) sells and provides service of efficient end-to-end communications and IT systems and solutions. One of the company's key products and services includes Telecom and IT...

Answered: 1 week ago

Question

★★★★★

2) See each part for the question to answer. a) Paulette is looking to decide which of two online ad campaigns (lets call them A and B) would generate the highest purchase conversion. Describe how...

Answered: 1 week ago

Question

★★★★★

OOP IN JAVA!!! HELPMEPLEASE Class Wolf is a subclass of class Animal. Consider the following code. Wolf wolf1 = new Wolf("Scott"); // sets instance variable "name" at Animal level Animal animal1 =...

Answered: 1 week ago

Question

★★★★★

Give the structural formulas of the alkenes that, on ozonolysis, give: a. (CH3)2C=O and CH2=O b. Only (CH3CH2)2C=O c. CH3CH=O and CH3CH2CH=O d. O=CHCH2CH2CH2CH=O

Answered: 1 week ago

Question

★★★★★

Use simple averages to forecast values for the data in Problem 10.1. Which method gives better results?

Answered: 1 week ago

Question

★★★★★

1. What information has Piotr collected and how useful is it? What other information does he need? 2. How can Piotr forecast future workloads in the purchasing department? How reliable are the...

Answered: 1 week ago

Question

★★★★★

Amwal Corporation had the following costs (in thousands of pounds) over the past six years. Describe what has beenhappening. Year Sales value 1 2 34 5 6 623 625 626 635 677 810 Costs: Design...

Answered: 1 week ago

Question

★★★★★

=+b. Suppose the measuring instrument in part (a) is replaced with a more precise measuring instrument having a standard deviation of .5 mm. What is the probability that a measurement from the new...

Answered: 1 week ago

Question

★★★★★

=+37. Acceptance sampling is a method that uses small random samples from incoming shipments of products to assess the quality of the entire shipment. Typically, a random sample of size n is selected...

Answered: 1 week ago

Question

★★★★★

=+d. Let denote the proportion of defective items

Answered: 1 week ago

Previous Question Next Question