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 76 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?

In the United States, there is a birth every 8 seconds, according to the U.S. Census Bureau's Population Clock.

Did you know?

Adults are resistant to the bacterium that causes Botulism. These bacteria thrive in honey – therefore, honey should never be given to infants since their immune systems are not yet resistant.

Did you know?

Cutaneous mucormycosis is a rare fungal infection that has been fatal in at least 29% of cases, and in as many as 83% of cases, depending on the patient's health prior to infection. It has occurred often after natural disasters such as tornados, and early treatment is essential.

Did you know?

About one in five American adults and teenagers have had a genital herpes infection—and most of them don't know it. People with genital herpes have at least twice the risk of becoming infected with HIV if exposed to it than those people who do not have genital herpes.

Did you know?

One way to reduce acid reflux is to lose two or three pounds. Most people lose weight in the belly area first when they increase exercise, meaning that heartburn can be reduced quickly by this method.

Independent assortment of chromosomes at meiosis explains Mendel’s ratio Independent assortment of chromosomes at meiosis explains Mendel’s ratio
Worldwide Variations in Population and Income Levels Worldwide Variations in Population and Income Levels
In the summer of 1793, a yellow fever epidemic struck Philadelphia, killing nearly 4,000. Tens of th In the summer of 1793, a yellow fever epidemic struck Philadelphia, killing nearly 4,000. Tens of th
Global Stratification: Income of the World's Nations Global Stratification: Income of the World's Nations
Income of Adult Children Compared With That of Their Parents Income of Adult Children Compared With That of Their Parents
How the Distribution of Education Affects the Distribution of Income How the Distribution of Education Affects the Distribution of Income
Video: Osteoporosis

For a complete list of videos, visit our video library