Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Aug 23, 2024

The NBC Company reports net income of $60,000. If partners N, B, and C have an income ratio of 50%, 30%, and 20% respectively, Cs

The NBC Company reports net income of $60,000. If partners N, B, and C have an income ratio of 50%, 30%, and 20% respectively, Cs share of the net income is. a $15,000 b. $12,000 Oc$ 18,000 d. $30,000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

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

Internal Auditing Principles And Techniques

Authors: Richard L. Ratliff, W. Wallace, Walter B. Mcfarland, J. Loeboecke

2nd Edition

0894133268, 978-0894133268

More Books

Students also viewed these Accounting questions

Question

★★★★★

A decision alternative with the highest Expected Value A) Is always preferred B) Reflects factors such as risk, image or other nonmonetary criteria C) Is preferred when the Expected Value is within a...

Answered: 1 week ago

Question

★★★★★

List the various distortions in incentives that arise in the health care sector. (Be sure to include those that affect the purchase of insurance as well as the purchase of health care services...

Answered: 1 week ago

Question

★★★★★

=+ (b) Show that xy/(x2 + y2)2 is not integrable over the square [(x, y): |x|, lyl 1] even though the iterated integrals exist and are equal.

Answered: 1 week ago

Question

★★★★★

Roy Newburn borrowed money and bought a $49,000 truck from Treadwell Ford. A few months later, the truck developed transmission problems. Newburn learned that the truck had 170,000 more miles on it...

Answered: 1 week ago

Question

★★★★★

www.am North Construction had $850 million of sales last year, and it had $425 million of freed assets that were used at only 85of capacity. What is the maximum sales growth rate North could achieve...

Answered: 1 week ago

Question

★★★★★

Use the Dental Clinic data set below and =0.3 to calculate the simple exponential smoothing forecast for the number of dental clinic patients on the next Monday. Assume the forecast for the first...

Answered: 1 week ago

Question

★★★★★

Demand for Surf World is Poisson with mean 2.5. If they happen to stock 5 copies, what is the expected number of customers who will want to purchase Surf World but will be unable to do so because the...

Answered: 1 week ago

Question

★★★★★

The figure below shows a resistor network. R 2 R3 R 1 WW RA + V The values of the components are as follows: . R1 = 2.65 0 . R2 = 5.09 0 . R3 = 7.28 0 . R4 = 8.83 0 . V= 7.92 Volts Fill in all the...

Answered: 1 week ago

Question

★★★★★

What is the first step you should take when preparing for a meeting to ensure it is valuable to all attendees? Use the editor to format your answer

Answered: 1 week ago

Question

★★★★★

a. A sample of 95 employees of Malindi Tyre Company were asked which means of transport they used t and the following data was obtained; Means of Transport Number of Employees Matatu 41 Personal Car...

Answered: 1 week ago

Question

★★★★★

What happens in Stage Four, the turning point? a. The individual or team gives up. b. The individual or team commits to move forward. c. The team doesn't have all the answers. d. All the above

Answered: 1 week ago

Question

★★★★★

1. Should Rachel useinternal or external recruitment techniques to staff these 50 positions? Rachel Lucas is the human resources manager of a prestigious accounting firm. Rachel recently attended a...

Answered: 1 week ago

Question

★★★★★

6.7 Discuss strategies for recruiting a more diverse workforce.

Answered: 1 week ago

Question

★★★★★

1. What kind of mental or physical impact does failure to complete school and secure long-term full-time employment generally have on young people?

Answered: 1 week ago

Previous Question Next Question