This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The partners Randolph and Harrison agree to divide net income of 24,800 in the ratio of 3 to 2. What ... (Read 49 times)

Hungry!

  • Hero Member
  • *****
  • Posts: 1,071
on: Jun 24, 2018
The partners Randolph and Harrison agree to divide net income of 24,800 in the ratio of 3 to 2. What is each partner's share of the net income?

Question 2

A ski lodge had net income of 450,200 on its February 28 income statement. The balance sheet on the same day showed equity of 2,210,600. What is the return on equity, to the nearest tenth percent?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

dudman123

  • Sr. Member
  • ****
  • Posts: 304
Reply #1 on: Jun 24, 2018
Answer to Question 1

Randolph 14,880; Harrison 9,920

Answer to Question 2

20.4


Hungry!

  • Hero Member
  • *****
  • Posts: 1,071
Reply #2 on: Jun 24, 2018
Thank you :)


dudman123

  • Sr. Member
  • ****
  • Posts: 304
Reply #3 on: Jun 24, 2018
Happy to help you


« previous next »
 

Did you know?

Allergies play a major part in the health of children. The most prevalent childhood allergies are milk, egg, soy, wheat, peanuts, tree nuts, and seafood.

Did you know?

The most common childhood diseases include croup, chickenpox, ear infections, flu, pneumonia, ringworm, respiratory syncytial virus, scabies, head lice, and asthma.

Did you know?

Fatal fungal infections may be able to resist newer antifungal drugs. Globally, fungal infections are often fatal due to the lack of access to multiple antifungals, which may be required to be utilized in combination. Single antifungals may not be enough to stop a fungal infection from causing the death of a patient.

Did you know?

Chronic necrotizing aspergillosis has a slowly progressive process that, unlike invasive aspergillosis, does not spread to other organ systems or the blood vessels. It most often affects middle-aged and elderly individuals, spreading to surrounding tissue in the lungs. The disease often does not respond to conventionally successful treatments, and requires individualized therapies in order to keep it from becoming life-threatening.

Did you know?

Recent studies have shown that the number of medication errors increases in relation to the number of orders that are verified per pharmacist, per work shift.

Mendel's breeding program that produced a 9 : 3 : 3 : 1 ratio Mendel's breeding program that produced a 9 : 3 : 3 : 1 ratio
Mark Twain supplemented his income as a writer by giving humorous lectures. Mark Twain supplemented his income as a writer by giving humorous lectures.
Regional Variation in Income and Access to the Sea Regional Variation in Income and Access to the Sea
Household Income in the United States by Quintiles, 2009 Household Income in the United States by Quintiles, 2009
Income per Capita versus Income of the Bottom Quintile Income per Capita versus Income of the Bottom Quintile
Relationship between Income Inequality and Sociopolitical Instability Relationship between Income Inequality and Sociopolitical Instability
Video: Structures that affect circulation - arterioles and vasomotor responses

For a complete list of videos, visit our video library