Maurice Tutor

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About Maurice Tutor

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Algebra,Applied Sciences See all
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Teaching Since: May 2017
Last Sign in: 409 Weeks Ago
Questions Answered: 66690
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  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 29 Oct 2017 My Price 3.00

Blaine Pierce

Blaine Pierce and Meg Adkins formed a partnership, dividing income as follows:
1. Annual salary allowance to Adkins of $49,000.
2. Interest of 12% on each partner's capital balance on January 1.
3. Any remaining net income divided equally.
Pierce and Adkins had $40,000 and $120,000, respectively, in their January 1 capital balances.
Net income for the year was $180,000.
How much net income should be distributed to Adkins?

Answers

(5)
Status NEW Posted 29 Oct 2017 09:10 PM My Price 3.00

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