Business, 18.11.2019 17:31 princess239

If anna originally invested $5,000 and caleb invested $1,000 in the business, and the business made a profit of $60,000, how would the profit be split?
a. regardless of what is in the partnership agreement, anna will receive $50,000 of the profits and caleb will receive $10,000.
b. if the partnership agreement does not specify how the profits will be split, then the proceeds will be split evenly ($30,000 to both).
c. if the partnership agreement specifies how the profits will be split, then the proceeds will be distributed accordingly, otherwise the profits will be split evenly between anna and caleb.
d. if the partnership agreement specifies how the profits will be split, then they will be split using the terms of the agreement.

Answers: 1

Show answers

Other questions on the subject: Business

Business, 22.06.2019 05:40, rafa3997

According to the philosopher immanuel kant, the right of employees to know the nature of the job they are being hired to do and the obligation of a company not to deceive them in this respect is mainly reflective of the basic right of . privac yb. free consentc. freedom of speechd. freedom of consciencee. first refusal

Answers: 1

continue

Business, 22.06.2019 16:10, safiyyahrahman6907

From what part of income should someone take savings?

Answers: 2

continue

Business, 22.06.2019 19:40, madisynk78

Adistinguishing feature of ecological economics is the concept of cost-benefit analysis steady-state economies that, like natural systems, neither grow nor shrink environmental damage and also environmental benefits are external greenwashing to increase public acceptance of products the only healthy economy is one that is growing

Answers: 1

continue

Business, 22.06.2019 22:40, tonypewitt

Johnson company uses the allowance method to account for uncollectible accounts receivable. bad debt expense is established as a percentage of credit sales. for 2018, net credit sales totaled $6,400,000, and the estimated bad debt percentage is 1.40%. the allowance for uncollectible accounts had a credit balance of $61,000 at the beginning of 2018 and $49,500, after adjusting entries, at the end of 2018.required: 1. what is bad debt expense for 2018 as a percent of net credit sales? 2. assume johnson makes no other adjustment of bad debt expense during 2018. determine the amount of accounts receivable written off during 2018.3. if the company uses the direct write-off method, what would bad debt expense be for 2018?

Answers: 1

continue

You know the right answer?

If anna originally invested $5,000 and caleb invested $1,000 in the business, and the business made...