Steve Queen and Chelsy Bernard formed a partnership, dividing income as follows:
Queen and Bernard had $75,000 and $93,000, respectively, in their January 1 capital balances. Net income for the year was $246,000. How much is distributed to Queen and Bernard?
Note: Compute partnership share.
Queen: $
Bernard: $
Steve Queen and Chelsy Bernard formed a partnership, dividing income as follows: Annual salary allowance to...
Steve Conyers and Chelsy Bernard formed a partnership, dividing income as follows: Annual salary allowance to Bernard of $92,340. Interest of 5% on each partner's capital balance on January 1. Any remaining net income divided to Conyers and Bernard, 1:2. Conyers and Bernard had $81,000 and $75,000, respectively, in their January 1 capital balances. Net income for the year was $162,000. How much is distributed to Conyers and Bernard? Note: Compute partnership share. Conyers: $ Bernard: $
Steve Queen and Chelsy Boxer formed a partnership, dividing income as follows: 1. Annual salary allowance to Queen of $111,510. 2. Interest of 6% on each partner's capital balance on January 1. 3. Any remaining net income divided to Queen and Boxer, 1:2. Queen and Boxer had $60,000 and $99,000, respectively, in their January 1 capital balances. Net income for the year was $189,000. How much is distributed to Queen and Boxer? Note: Compute partnership share. Queen: $ Boxer: $
Dividing Partnership Net Income Required: Steve Conyers and Chelsy Bernard formed a partnership, dividing income as follows: Annual salary allowance to Bernard of $132,240. Interest of 7% on each partner's capital balance on January 1. Any remaining net income divided to Conyers and Bernard, 1:2. Conyers and Bernard had $72,000 and $87,000, respectively, in their January 1 capital balances. Net income for the year was $228,000. How much is distributed to Conyers and Bernard? Note: Compute partnership share. Conyers: $...
Dividing Partnership Net Income Required: Steve Conyers and Chelsy Bernard formed a partnership, dividing income as follows: Annual salary allowance to Conyers of $112,560. Interest of 5% on each partner's capital balance on January 1. Any remaining net income divided to Conyers and Bernard, 1:2. Conyers and Bernard had $60,000 and $81,000, respectively, in their January 1 capital balances. Net income for the year was $201,000. How much is distributed to Conyers and Bernard? Note: Compute partnership share. Conyers: $...
Dividing Partnership Net Income Required: Steve Prince and Chelsy Bernard formed a partnership, dividing income as follows: 1. Annual salary allowance to Bernard of $135,090. 2. Interest of 6% on each partner's capital balance on January 1. 3. Any remaining net income divided to Prince and Bernard, 1:2. Prince and Bernard had $45,000 and $117,000, respectively, in their January 1 capital balances. Net income for the year was $237,000. How much is distributed to Prince and Bernard? Note: Compute partnership...
Dividing Partnership Net Income Required: Steve Queen and Chelsy Stevens formed a partnership, dividing income as follows: Annual salary allowance to Queen of $92,400. Interest of 6% on each partner's capital balance on January 1. Any remaining net income divided to Queen and Stevens, 1:2. Queen and Stevens had $45,000 and $111,000, respectively, in their January 1 capital balances. Net income for the year was $165,000. How much is distributed to Queen and Stevens? Note: Compute partnership share. Queen: $...
Dividing Partnership Net Income Required: Steve Queen and Chelsy Boxer formed a partnership, dividing income as follows: Annual salary allowance to Queen of $95,700. Interest of 7% on each partner's capital balance on January 1. Any remaining net income divided to Queen and Boxer, 1:2. Queen and Boxer had $48,000 and $111,000, respectively, in their January 1 capital balances. Net income for the year was $165,000. How much is distributed to Queen and Boxer? Note: Compute partnership share. Queen: $...
Dividing Partnership Net Income Required: Steve Prince and Chelsy Bernard formed a partnership, dividing income as follow 1. Annual salary allowance to Bernard of $135,090. 2. Interest of 6% on each partner's capital balance on January 1. 3. Any remaining net income divided to Prince and Bernard, 1:2. Prince and Bernard had $45,000 and $117,000, respectively, in their January 1 capital balances. Net income for the year was $237,000. How much is distributed to Prince and Bernard? Note: Compute partnership...
Dividing Partnership Net Income Required: Steve Queen and Chelsy Stevens formed a partnership, dividing income as follows: 1. Annual salary allowance to Queen of $99,120. 2. Interest of 5% on each partner's capital balance on January 1. 3. Any remaining net income divided to Queen and Stevens, 1:2. Queen and Stevens had $81,000 and $117,000, respectively, in their January 1 capital balances. Net income for the year was $168,000. How much is distributed to Queen and Stevens? Note: Compute partnership...
Dividing Partnership Net Income Required: Steve Queen and Chelsy Stevens formed a partnership, dividing income as follows: 1. Annual salary allowance to Queen of $99,120. 2. Interest of 5% on each partner's capital balance on January 1. 3. Any remaining net income divided to Queen and Stevens, 1:2. Queen and Stevens had $81,000 and $117,000, respectively, in their January 1 capital balances. Net income for the year was $168,000. How much is distributed to Queen and Stevens? Note: Compute partnership...