Business, 06.04.2021 01:10 damilysgonzalez2
Jerry and Joyce are partners in a new restaurant. Jerry contributed $280,000 in capital and is planning to work 60 hours per week with management responsibilities. Joyce contributed $140,000 in capital and is planning to work 40 hours per week with no management responsibilities. Which of the following fixed ratios are they likely to select for distributing net income or net loss?
A. 30% Jerry) and 70% (joyce)
B. 2/5 Clerry) and 3/5 (Joyce)
C. 2/3 Gerry) and 1/3 (Joyce)
D. 50% (erry and 50% (Joyce)
Answers: 2
Business, 22.06.2019 04:10, Gillo34
An outside manufacturer has offered to produce 60,000 daks and ship them directly to andretti's customers. if andretti company accepts this offer, the facilities that it uses to produce daks would be idle; however, fixed manufacturing overhead costs would be reduced by 75%. because the outside manufacturer would pay for all shipping costs, the variable selling expenses would be only two-thirds of their present amount. what is andretti's avoidable cost per unit that it should compare to the price quoted by the outside manufacturer?
Answers: 3
Business, 22.06.2019 15:30, TerronRice
In 2015, lori assigned a paid-up whole life insurance policy to an irrevocable life insurance trust (ilit) for the benefit of her three children. the ilit contained a crummey provision for the benefit of each child. at the time of the transfer, the whole life insurance policy was valued at $200,000, and since lori had not made any other taxable gifts during her lifetime, she did not owe any gift tax. lori died in 2016, and the face value of the whole life insurance policy of $2,000,000 was paid to the ilit. regarding this transfer, how much is included in lori’s gross estate at her death?
Answers: 1
Business, 23.06.2019 13:00, jimenagl
Regarding the flow of costs through the inventory accounts, which of the following statements is incorrect? a. the costs flow from raw materials inventory to work-in-process inventory to finished goods inventory. b. the format for computing the amount used, manufactured, or sold is the same for all three inventory accounts. c. the final amount at each stage is added at the beginning of the next stage. d. purchases of raw material and freight in are debited to the work-in-process inventory account.
Answers: 1
Jerry and Joyce are partners in a new restaurant. Jerry contributed $280,000 in capital and is plann...
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