Question and answer
Candace Hassell and Abby Lawson formed a partnership, investing $240,000 and $80,000, respectively. Independent assumptions: (a) no agreement concerning division of net income; (b) divided in the
ratio of original capital investment; (c) interest at the rate of 15% allowed on original investments and the remainder divided in the ratio of 2:3; (d) salary allowances of $50,000 and $70,000, respectively, and the balance divided equally; (e) allowance of interest at the rate of 15% on original investments, salary allowances of $50,000 and $70,000, respectively, and the remainder divided equally. Determine Hassell's and Lawson's participation in the year's net income of $200,000 under each of the independent assumptions presented in the exercise
Candace Hassell and Abby Lawson formed a partnership, [ investing ...2 posts (a) no agreement concerning division of net income; (b) divided in the ratio of original capital investment; (c) interest at the rate of 15% allowed on original investments and the remainder divided in the ratio of 2:3; ... salary allowances of $50000 and $70000, respectively, and the remainder divided equally. ...
a-partnership-investing-240-000-and-80-000-respectively ]
Expert answered|midnightespecial|Points 112|
Question
Asked 1/10/2011 1:46:26 PM
0 Answers/Comments
Get an answer
New answers
Rating

There are no new answers.

Comments

There are no comments.

Add an answer or comment
Log in or sign up first.
21,765,135 questions answered
Popular Conversations
5. What is the correct order of the four steps of the writing ...
Weegy: A. revise. User: 6. The past tense of the verb drive is A. drove. B. droved. C. drived. D. driven.
7/31/2015 6:30:58 AM| 3 Answers
How much oxygen is contained in the ...
Weegy: C. atmosphere, the biosphere and the water cycle User: ________ is the biogeochemical cycle in which carbon ...
7/31/2015 5:11:19 PM| 2 Answers
The basic unit of all forms of life is a(n) A. organ ...
Weegy: C. circulatory system is the organ system is responsible for transporting oxygen throughout the human body. ...
7/31/2015 11:10:05 PM| 2 Answers
Auburn system
Weegy: Auburn is a variety of red hair, most commonly described as reddish-brown in color. User: he Auburn ...
8/1/2015 4:44:03 PM| 2 Answers
Weegy Stuff
S
Points 42 [Total 268]| Ratings 0| Comments 42| Invitations 0|Offline
S
Points 31 [Total 346]| Ratings 0| Comments 31| Invitations 0|Offline
S
L
L
Points 16 [Total 8589]| Ratings 0| Comments 16| Invitations 0|Offline
S
1
L
Points 9 [Total 1399]| Ratings 0| Comments 9| Invitations 0|Offline
S
P
C
L
P
L
1
P
P
1
P
1
P
L
Points 3 [Total 10356]| Ratings 0| Comments 3| Invitations 0|Offline
S
1
L
L
Points 1 [Total 8469]| Ratings 0| Comments 1| Invitations 0|Online
Points 0 [Total 0]| Ratings 0| Comments 0| Invitations 0|Offline
Points 0 [Total 0]| Ratings 0| Comments 0| Invitations 0|Offline
S
Points 0 [Total 0]| Ratings 0| Comments 0| Invitations 0|Offline
S
Points 0 [Total 0]| Ratings 0| Comments 0| Invitations 0|Offline
Home | Contact | Blog | About | Terms | Privacy | Social | ©2015 Purple Inc.