Answers
- Requirement 1
| DIVISION OF NET INCOME | McGill | Smyth | Total | |
| Salary allowance | $20,000 | $12,000 | $32,000 | |
| Interest allowance | $5,400 |
| $9,100 | |
| Total salaries and interest | $25,400 |
| $41,100 | |
| Remaining income / deficiency [65000 – 41100 = $ 23900 in ratio of 70% and 30%] | $16,730 |
| $23,900 | |
| Total division of net income | $42,130 |
| $65,000 |
- Requirement 2: Net Income $ 20000
| DIVISION OF NET INCOME | McGill | Smyth | Total | |
| Salary allowance | $20,000 | $12,000 | $32,000 | |
| Interest allowance | $5,400 |
| $9,100 | |
| Total salaries and interest | $25,400 |
| $41,100 | |
| Remaining income / deficiency [20000 – 41100 = $ (21100) in ratio of 70% and 30%] | ($14,770) |
| ($21,100) | |
| Total division of net income | $10,630 |
| $20,000 |
Similar Solved Questions
1 answer
Complete the following reaction, clearly indicating stereochemistry where applicable 2. Complete the following reactions, clearly indicating...
Complete the following reaction, clearly indicating stereochemistry where applicable 2. Complete the following reactions, clearly indicating the stereochemistry where applicable. (2 points)...
2 answers
How much work does it take to raise a #31 kg # weight #32 m #?
How much work does it take to raise a #31 kg # weight #32 m #?...
1 answer
A Sky block is released from rest on an inolined plane (0=209. It then slides a...
A Sky block is released from rest on an inolined plane (0=209. It then slides a distance, d= 9m dann the slope before hitting a spring (K=7000 N/m). If there is friction (lek = 0.15) all along the ramp's surface, what is that maximum compression of the Spring due to ne. Block? d> we...
1 answer
1. The Davis Dam was constructed 67 miles downstream from the Hoover Dam. The reservoir formed...
1. The Davis Dam was constructed 67 miles downstream from the Hoover Dam. The reservoir formed by the dam is called Lake Mohave. The reservoir has a total storage capacity of 1,818,300 acre-feet. Given the average head of the reservoir is 136 feet, determine the potential energy of the water in the ...
1 answer
(b). Let x, X.,...,x. be a random sample from the Bernoulli (0) distribution 0). Find the...
(b). Let x, X.,...,x. be a random sample from the Bernoulli (0) distribution 0). Find the most powerful test 1,:0= versus H,:6-of size a=0,011. (). What is the power of this test?...
1 answer
Find i, using superposition: 0.25 F 2H 22 IH non 8 sin (21 + 30°) V...
Find i, using superposition: 0.25 F 2H 22 IH non 8 sin (21 + 30°) V : - 0 cos 2 A...
1 answer
The speed of a moving bullet can be determined by allowing the bullet to pass through...
The speed of a moving bullet can be determined by allowing the bullet to pass through two rotating paper disks mounted a distance 70 cm apart on the same axle. From the angular displacement 37.5 ◦ of the two bullet holes in the disks and the rotational speed 610 rev/min of the disks, we can de...
1 answer
An investor holds 5 000 shares of VC Ltd, which was bought for R18 per share...
An investor holds 5 000 shares of VC Ltd, which was bought for R18 per share and is now priced at R20 per share. VC Ltd makes a 2-for-3 rights issue at R15.80. The investor decides to subscribe to the rights issue and purchases a further 3 000 shares. What is the price per share expected to adjust t...
1 answer
On September 20, Jody Jansen went to Sunshine Bank to borrow $3,900 at 5% interest
On September 20, Jody Jansen went to Sunshine Bank to borrow $3,900 at 5% interest. Jody plans to repay the loan on January 27. Assume the loan is on ordinary interest. (Use table value) (a)What interest will Jody owe on January 27? (Use 360 days a year. Do not round intermediate calculations. Round...
1 answer
D Moldien Begin Date: 1/13/2019 1201 00 AM-Due (10%) Problem 6: Aruner begins a race with...
D Moldien Begin Date: 1/13/2019 1201 00 AM-Due (10%) Problem 6: Aruner begins a race with anaccelention of 3, mi Dale: 1/232019 11 39.00 PMt End Date: 530/2019 115900 PM If the renner wocelerates at that rate for a distance of 14 m, and then maintains the velocity he has at that point for the remain...
1 answer
A Young’s double-slit apparatus is set up so that a screen is positioned 2.1 m from...
A Young’s double-slit apparatus is set up so that a screen is positioned 2.1 m from the double slits, and the spacing between the two slits is 0.033 mm. What is the distance between alternating bright fringes on the screen if the light source has a wavelength of 678 nm? (1 nm = 10 −9 m)...
1 answer
Home Work MED205 Name Class Date Unit 7–Drug Sources, Schedules, and Dosages Part -Matching Directions. Using...
Home Work MED205 Name Class Date Unit 7–Drug Sources, Schedules, and Dosages Part -Matching Directions. Using the answer sheet, place the letter of your choice in the appropriate space: 1. to produce sleep or stupor 2. indicated for breast cancer 3. indicated for rheumatoid arthritis 4. to pre...
1 answer
1. MSA turns yellow after incubation. what does that mean? a. Staph. aureus utilized mannitol b....
1. MSA turns yellow after incubation. what does that mean? a. Staph. aureus utilized mannitol b. produced acid turns indicator to red c. Staph. epidermidis is resistant to salt d. A+B e. A+C...
1 answer
What hypnotics are used for? Chapter 15: What anxiolytics are used for? Chapter 18: What are...
What hypnotics are used for? Chapter 15: What anxiolytics are used for? Chapter 18: What are the therapeutic outcomes for antiepileptic medicati ons? What is patient teaching for someone on Dilantin? Chapter 19 When is it appropriate to administer opiate agonist such as morphine? What are serious si...
1 answer
What happens to the AC output voltage when the emitter bypass capacitor opens If the emitter...
what happens to the AC output voltage when the emitter bypass capacitor opens If the emitter bypass capacitor opens, the AC output voltage will: a. Decrease b. Increase c. Remain the same d. Equal zero...
1 answer
The following accounts appeared in recent financial statements of Delta Air Lines: Accounts Payable Fuel Inventory...
The following accounts appeared in recent financial statements of Delta Air Lines: Accounts Payable Fuel Inventory Accounts Receivable Landing Fees (Expense) Accrued Salaries (Obligations) Loyalty Program (Obligations) Aircraft Fuel (Expense) Parts and Supplies Aircraft Maintenance (Expen...