12. Raven is trying to decide whether to accept a salary of P40,000 or a salary of P25,000 plus a bonus of 10% of net income after salary and bonus as a means of allocating profit among the partners. Salaries traceable to the other partners are estimated to be P100,000. What amount of income would be necessary so that Rave would consider the choices to be equal? а. 165,000 b. 290,000 с. 265,000 d. 305,000

12. Raven is trying to decide whether to accept a salary of P40,000 or a salary of P25,000 plus a bonus of 10% of net income after salary and bonus as a means of allocating profit among the partners. Salaries traceable to the other partners are estimated to be P100,000. What amount of income would be necessary so that Rave would consider the choices to be equal? а. 165,000 b. 290,000 с. 265,000 d. 305,000

SWFT Corp Partner Estates Trusts

42nd Edition

ISBN:9780357161548

Author:Raabe

Publisher:Raabe

Chapter10: Partnerships: Formation, Operation, And Basis

Section: Chapter Questions

Problem 52P

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16. RRR is trying to decide whether to accept a bonus of 25% of net income after salaries and bonus or a salary of P97,500 plus a bonus of 10% of net income after salaries and bonus as a means of allocating profit among the partners. Salaries traceable to the other partners are estimated to be P450,000. What amount of income would be necessary so that RRR would consider the choices to be equal? A. P1,100,000B. P1,197,500C. P650,000D. P1,262,500
6. Martinez is trying to decide whether to accept a salary of P60,000 or a salary of P25,000 plus a bonus of 20% of net income after salaries and bonus as a means of allocating profit among the partners. Salaries traceable to the other partners are estimated to be P75,000. What amount of income would be necessary so that Martinez would consider the choices to be equal? a. P175,000 b. P210,000 C. P285,000 d. P310,000
5. Dali is trying to decide whether to accept a salary of P80,000 or a salary of P50,000 plus a bonus of 10% of net income after salary and bonus as a means of allocating profitamong the partners. Salaries traceable to the other partners are estimated to beP200,000. What amount of income would be necessary so that Dali would consider thechoices equal?
PROBLEM 3. Glenda is trying to decide whether to accept a bonus of 25% of net income after salaries and bonus or a salary of P97,500 plus bonus of 10% of net income after salaries and bonus as a means of allocating profit among the partners. Salaries traceable to the other partners are estimated to be P450,000. What amount of income would be necessary so that Glenda would consider the choices to be equal? P1,100,000 P1,197,000 a. b. с. P650,000 d. P1.262.500
Romeo is trying to decide whether to accept a salary of P40,000 or a salary of P25,000 plus a bonus of 10% of net income after salary and bonus as a means of allocating profit among the partners. Salaries traceable to the other partners are estimated to be P100,000. What amount of income would be necessary so that Romeo would consider the choices equal: A. 165,000 B. 290,000 C. 265,000 D. 305,000
Maxwell is trying to decide whether to accept a salary of P40,000 or a salary of $25,000 plus a bonus of 10% of profit after salaries and bonus, as a means of allocating profit among partners. Salaries traceable to the other partners are estimated to be P100,000. What amount of profit would be necessary so that Maxwell would consider the choices to be equal?
Gerald is trying to decide wheter to accept a salary of P40,000 or a salary of P25,000 plus a bonus of 10% of net income after salary and bonus as a means of allocating profit among partners. Salaries traceable to the other partners are estimated to be P100,000. What amount of of income would be necessary so that Lancelot would consider the choices to be equal? P165,000 P290,000 P305,000d. P256,000
Multiple Choice Maxwell is trying to decide whether to accept a salary of P40,000 or a salary of P25,000 plus a bonus of 10% of net income. After salaries and bonuses as a means of allocating profit among partners. Salaries traceable to the other partners estimated to be P100,000. What amount of income would be necessary so that Maxwell would consider choices to be equal? O P165,000 O P290,000 P265,000 O P305,000
Maxwell is trying to decide whether to accept a salary of P40,000 or salary of P25,000 plus a bonus of 10% of net income after salaries and bonus as a means of allocating profit among partners. Salaries traceable to the other partners are estimated to be P100,000. What amount of income would be necessary so that Maxwell would consider choices to be equal?
MINGYU is trying to decide whether to accept a salary of P60,000 or a salary of P25,000 plus a bonus of 20% of net income after salaries and bonus as a means of allocating profit among the partners. Salaries traceable to the other partners are estimated to be P75,000. What amount of income would be necessary so that MINGYU would consider the choices to be equal? Your answer EREN incurred P106,000 of direct labor and P11,000 of indirect labor. The proper journal entry to record these events would include a debit to Work in Process for: PO because Work in Process should be credited. PO because Work in Process is not affected. P11,000
23. How much is the bonus of C if the bonus is based on the profit after bonus Item Nos. 23 and 24 are based on the following information: iw a1enhsq erts lle animuzaA .2 C, D, and E are partners sharing profits equally after allowing for bonus and salary allowances. C, the managing partner, is allowed a bonus of 20% of the profit. D and E are allowed salaries of P 120,000 and P 150,000, respectively. The partnership registered a profit of P 720,000 for the year 200C. but before the salary allowance? P 120,000.00,08 d. P 144,000. С. а. P 75,000. b. P 90,000. 24. How much is the share of C in the profit if the bonus is based on the profit before bonus but after the salary allowance? c. P 230,000. С. а. P 90,000. b. P 210,000. d. P 240,000. 000.002
Tyrone is trying to decide whether to accept a salary ofP40,000 or a salary or P25,000 plus a bonus of 10% of net income after salaries and bonus as a way of dividing profits among the partners. Salaries traceable to the other partners is P100,000. What is the amount of income would make the choices equal?