Maurice Tutor

(5)

$15/per page/Negotiable

About Maurice Tutor

Levels Tought:
Elementary,Middle School,High School,College,University,PHD

Expertise:
Algebra,Applied Sciences See all
Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 402 Weeks Ago, 2 Days Ago
Questions Answered: 66690
Tutorials Posted: 66688

Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 09 Aug 2017 My Price 7.00

Bill contributed capital

Bill and Bob formed a partnership on January 1, 2008. Bill contributed capital of $100,000. Bob contributed capital of $20,000 and agreed to manage the firm full time. There were no withdrawals during 2008. The partnership agreement specifies that income is to be distributed as follows: Bob is to be paid a salary of $2,000 per month; interest at 5% is to be paid on beginning capital balances; Bob is to receive a bonus of 10%; remaining profits or losses are to be shared in the ratio of 3:2 to Bill and Bob, respectively. The partnership 2008 net income was $100,000. 41. Refer to the above information. What is the amount of Bob's bonus if the bonus is to be calculated on income before deducting the salary and interest on capital accounts, but after the bonus? Please show calculations. A. $10,000 B. $9,091 C. $9,000 D. $11,111 42. Refer to the above information. Assuming Bob's bonus is $10,000, what is the amount of Bob's capital at the end of the year? Please show calculations. A. $79,000 B. $54,000 C. $30,000 D. $44,000

Answers

(5)
Status NEW Posted 09 Aug 2017 09:08 PM My Price 7.00

Hel-----------lo -----------Sir-----------/Ma-----------dam-----------Tha-----------nk -----------You----------- fo-----------r u-----------sin-----------g o-----------ur -----------web-----------sit-----------e a-----------nd -----------and----------- ac-----------qui-----------sit-----------ion----------- of----------- my----------- po-----------ste-----------d s-----------olu-----------tio-----------n.P-----------lea-----------se -----------pin-----------g m-----------e o-----------n c-----------hat----------- I -----------am -----------onl-----------ine----------- or----------- in-----------box----------- me----------- a -----------mes-----------sag-----------e I----------- wi-----------ll

Not Rated(0)