Three partners (Jessica, Kyle, and Lorri) invest in a business in the ratio of 10, 24, and

Fantastic news! We've Found the answer you've been seeking!

Question:

Three partners (Jessica, Kyle, and Lorri) invest in a business in the ratio of 10, 24, and 10. How much will Jessica receive if the most recent quarter’s profit was $88725?

Related Book For answer-question

Managerial Accounting for the Hospitality Industry

ISBN: 978-1119386223

2nd edition

Authors: Lea R. Dopson, David K. Hayes

See More Books

Posted Date: Jan 27, 2022 09:03 PM

See More Questions

Create a network diagram to describe the following cloud environment. Unless you have access to Visio, I would recommend you create a free account at www.lucidchart.com. Wally's Wholesale Widgets...
An individual invests $100,000 in a business at the beginning of the year. At the end of the year the total value of the investors investment has grown by 7.5%. What is the value of this individuals...
Dyna Ltd has acquired land in a business combination. The land is currently developed for industrial use as a site for a factory. The current use of land is presumed to be its highest and vest use...
Can you describe the initialisation, exploration and exploitation phases of the cat hunting optimisation algorithm?
A village has six residents, each of whom has $1000. Each resident may either invest his money in a government bond, which pays 11 percent/yr, or use it to buy a year-old steer, which will graze on...
New ventures are subject to periodic introspection as to whether they should continue or liquidate. Explain the types of information you would expect to gather and how they would be used in each...
George Edmonds, the new accountant for Zigler Company, has recommended the preparation of income statements reporting contribution margin rather than statements reporting gross profit. He states that...
Presented below is selected information related to the financial instruments of Dawson Company at December 31, 2010. This is Dawson Companys first year of operations. Instructions (a) Dawson elects...
5. Probable Maximum Loss (6 points) The Association of Independent Lawyers (AIL) is a trade association offering a range of services to its independent member firms. The supervisory professional body...
Assume it is Monday, May 1, 2020, the first business day of the month, and you have just been hired as the accountant for Alpine Company, which operates with monthly accounting periods. All of the...
Xtreme Limited uses a perpetual inventory system and applies the first-in-first-out (FIFO) method the valuation of inventory. The following information relates to the month ending 30 April 2023: Date...
According to the National Sporting Goods Association (2013), sporting goods in the United States is a nearly $60 billion industry. Sports apparel and athletic footwear are two of the largest...
You have been hired as the manager of a portfolio of ten sport assets that are held in equal dollar amounts. The current beta of the portfolio is 1.9, and the beta of Asset A is 2.1. If Asset A is...
Hospital chain HCA relied heavily on revenue growth in its effort to take the firm private. On July 24, 2006, management again announced that it would go private in a deal valued at $$33$ billion,...
If a 30-team league is contemplating expanding by two teams, how much money should it charge each new franchise to ensure that during the first year of the new 32-team league, each of the existing 30...
Assume that H&M changes its capital structure so that its market value weight of debt to capital increases to 45 percent, and its after-tax interest rate on debt at this new leverage level is 4...
What laws may be good for business, and what laws may inhibit or restrict business? What changes would you make to the law to make a more business-friendly environment? and what resource did you use.
What do you think?
It is most important that financial information is always presented in a manner that is both legal and a. Ethical. b. Delivered electronically. c. Easy to calculate. d. Current.
What is another name for inflation accounting? a. Current dollar accounting b. Accrual accounting c. Double entry accounting d. Deflation accounting
A hotel owner borrows $10,000 at 8% interest for one year. The owner re-invests the money and achieves a 25% gain in that year. What was the dollar amount of the surplus gain achieved by this hotel...
Total revenue for a perfectly competitive firm equals the _________ times the _________.
If perfectly competitive producers are currently making economic profits, the market supply curve will shift to the right over time as more firms _________ and existing firms _________.
As entry into a profitable industry pushes down the market price, producers will move from a situation where price _________ average total cost to one where price _________ average total cost.

Three partners (Jessica, Kyle, and Lorri) invest in a business in the ratio of 10, 24, and

Question:

Expert Answer:

Answer 201647727 working The ... View the full answer

Managerial Accounting for the Hospitality Industry

Students also viewed these accounting questions