Question: Plss do it Question 15 (1 point) Sophia, Anika and Paul own a business and jointly share in the profits in the same ratio as

Plss do it

Plss do it Question 15 (1 point) Sophia, Anika and Paul own

Question 15 (1 point) Sophia, Anika and Paul own a business and jointly share in the profits in the same ratio as their investments. At the end of the year the total profit was divided among them in the ratio 5: 7 :3, respectively. How much of the annual profit of $39,500 should Sophia receive

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!

Q:

The Fitbit Blaze Smart Fitness Watch has been ranked as the number one best-selling wearable technology device. This wearable technology tracks heart rate, and many activities such as running,...

Q:

See the attached, I only need the answers for question 38, 39 40 and 41 45 questions Quiz Question 1 (1 point) A responsibility center that incurs costs (and expenses) and generates revenues is...

Q:

See the attached, I only need the answers for question 38, 39 40 and 41 45 questions Quiz Question 1 (1 point) A responsibility center that incurs costs (and expenses) and generates revenues is...

Q:

On 1 January 2019, Midas Ltd issued $10 million convertible loan notes which carry a nominal interest (coupon) rate of 5% per annum. The loan notes are redeemable on 31 December 2021 at par for cash...

Q:

Using the following information, calculate the inventory turnover for Watch Retailers: Sales are $48,000, Cost of Goods Sold is $20,000, operating expenses are $10,000, and average inventory is...

Q:

Hello! Maybe someone can help me in my accounting Question 10 (1 point) When admitting a new partner by investment, a bonus to old partners is allocated on Question 10 options: the basis of income...

Q:

Hello! Maybe someone can help me in my accounting Question 10 (1 point) When admitting a new partner by investment, a bonus to old partners is allocated on Question 10 options: the basis of income...

Q:

Anyone got complete answers to this quiz? 1. 5a_39 In technical analysis, what is a support level for a stock? A. Demand exceeds supply. B. Supply exceeds demand. C. Volume sold equals volume...

Q:

Multiple choice questions in file.{ tf1\ansi\ansicpg1252\cocoartf949\cocoasubrtf540{\fonttbl\f0\froman\fcharset0 Times-Roman;}{\colortbl; ed255\green255\blue255; ed61\green61\blue61;...

Q:

Top of Form Question 1 (1 point) A responsibility center that incurscosts (and expenses) and generates revenues is classified as a(n): Question 1 options: revenue center. investment center. cost...

Q:

Top of Form Question 1 (1 point) A responsibility center that incurscosts (and expenses) and generates revenues is classified as a(n): Question 1 options: revenue center. investment center. cost...

Q:

Best Actor 1982: Henry Fonda, Age: 76 Best Supporting Actor 1982: John Gielgud, Age: 77 The table shows population statistics for the ages of Best Actor and Best Supporting Actor winners at the...

Q:

Why and how could one use Independent oversight and auditing as a mechanism to ensure effective communication and accountability in a PPP arrangement? Please explain in detail with an example.

Q:

proprietary funds are supported by user fees and exchange revenues. As a result, financial statement users of proprietary funds are concerned with issues such as

Q:

GZEXP. 6- HCI Procedural Step 3: Please explain how a final calculated HCl molarity could be affected il they recorded the mass of sodium carbonate at the analytical balance but then accidentally...

Q:

Discuss x-bar is a point estimation (point estimate)

Q:

Sea Products Corp. (SPC) reported $6,520,000 of earnings from continuing operations for the 20X4 fiscal year, and an after-tax loss from discontinued operations of $6,110,000. Preferred dividends and...

Q:

Leadership & charisma: Conceptualizing leadership questionnaire Please see the file for instructions. After you are done, write a short reflection post below (100-300 words). Conceptualizing...

Q:

5. Imagine a situation where you were really annoyed by someone elses behaviour. Try to find the positive intention behind the behaviour.

Q:

3. Imagine a communication situation at work or at home where you felt that you were locked (inflexible). Reflect on three alternative strategies that could have led to you becoming more flexible,...

Q:

4. In the next communication situation you are in, already think through three different communication strategies, which will make you achieve greater flexibility. Then practice on these as soon as...