Ask Question
BusinessBusiness
25 November, 00:06

The average capital investments for 2006 were:

Jones ... $100,000

King ... 200,000

Lane ... 300,000

How much of the $90,000 partnership profit for 2006 should be allocated to Jones?

A) $15,000

B) $27,000

C) $30,000

D) $33,000

+3
Answers (1)
  1. 25 November, 00:36
    0
    A) $15,000

    Explanation:

    jones 100,000

    king 200,000

    lane 300,000

    Total 600,000

    Assuming profit are distributed based on capital investment, jones will receive:

    100,000/600,000 = 1/6 of the profit

    proft x jones ratio = allocate income to Jones

    90,000 x 1/6 = 15,000

    This will be the amount of profit attributable to Jones.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “The average capital investments for 2006 were: Jones ... $100,000 King ... 200,000 Lane ... 300,000 How much of the $90,000 partnership ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Suppose that three firms make up the entire tire manufacturing industry. One has a 50% market share, and the other two have a 25% market share each. The Herfindahl index of this industry is.
Answers (1)
Some countries have fixed exchange rate systems instead of flexible exchange rate systems. Which of the following is a reason why fixed exchange rate systems have limited abilities to use monetary policy? A.
Answers (1)
An investment of $13,000.00 with Barnes Bank earns a 2.36% APR compounded monthly. a. Write a function fthat determines the investment's valuc (in dollars) in terms of the number of years t since the investment was made j (t) - |13,000 (1+1.
Answers (1)
PA10. LO 6.4Carlton’s Kitchen’s three cost pools and overhead estimates are as follows: Compare the overhead allocation using: The traditional allocation method The activity-based costing method (Hint: the traditional method uses machine hours
Answers (1)
Since fixed costs remain constant in the short run, special orders should be accepted as long as the order price is greater than the variable costs. True or False True False
Answers (1)
New Questions in Business
Transactional leadership encompasses all but one of the following. Which one? A. Goal settingB. Social interactionC. Monitoring progress toward goal achievementD. Giving feedbackE. Administering discipline
Answers (1)
Average fixed costs for a given level of output can be determined graphically by: A. summing the marginal costs of any number of units of output and dividing the sum by that output. B. the vertical distance between TC and TVC. C.
Answers (1)
Ed moura has 60000 invested in stocks paying 7%. how much additional money should he invest in certificates of deposit paying 3% so that the average retrun on the two investments is 4%.
Answers (1)
On January 1, Whispering Winds Corp. had 90,000 shares of no-par common stock issued and outstanding. The stock has a stated value of $5 per share. During the year, the following occurred. Apr.
Answers (1)
On a 3-day fishing trip, 4 adults consumed food costing $60. for the same costs per person per day, what would be the cost of food consumed by 7 adults during a 5-day fishing trip?
Answers (1)
Home » Business » The average capital investments for 2006 were: Jones ... $100,000 King ... 200,000 Lane ... 300,000 How much of the $90,000 partnership profit for 2006 should be allocated to Jones? A) $15,000 B) $27,000 C) $30,000 D) $33,000
Sign Up Forgot Password?