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 70 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?

Ether was used widely for surgeries but became less popular because of its flammability and its tendency to cause vomiting. In England, it was quickly replaced by chloroform, but this agent caused many deaths and lost popularity.

Did you know?

Most women experience menopause in their 50s. However, in 1994, an Italian woman gave birth to a baby boy when she was 61 years old.

Did you know?

The Romans did not use numerals to indicate fractions but instead used words to indicate parts of a whole.

Did you know?

Women are two-thirds more likely than men to develop irritable bowel syndrome. This may be attributable to hormonal changes related to their menstrual cycles.

Did you know?

In 1886, William Bates reported on the discovery of a substance produced by the adrenal gland that turned out to be epinephrine (adrenaline). In 1904, this drug was first artificially synthesized by Friedrich Stolz.

Mendel's breeding program that produced a 9 : 3 : 3 : 1 ratio Mendel's breeding program that produced a 9 : 3 : 3 : 1 ratio
International Normalized Ratio Guidelines for Dental Treatment International Normalized Ratio Guidelines for Dental Treatment
How the Return to Education Affects the Distribution of Income How the Return to Education Affects the Distribution of Income
The Parade of World Income The Parade of World Income
Variable and absorption costing, explaining operating-income differences. Variable and absorption costing, explaining operating-income differences.
How the multiple-factor hypothesis accounts for the 1:4:6:4:1 phenotypic ratio How the multiple-factor hypothesis accounts for the 1:4:6:4:1 phenotypic ratio
Video: Cardiac Cycle (Part 4 of 4)

For a complete list of videos, visit our video library