Submitted by: Submitted by ajkloepfer67
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Words: 534
Pages: 3
Category: Business and Industry
Date Submitted: 02/07/2013 06:21 AM
Evaluate 9.1
Textbook Assignments (Baker)
Exercises: E15-1, E15-2, E15-5, E15-8
Problems: P15-13, P15-16
E15-1
1.. A
2. C
3. D
4. B
5. D
E15-2
a. | Distribution of $80,000 income: | | | |
| | Angela | Dawn | Total |
| | | | |
| Profit percentage | 70% | 30% | 100% |
| Average capital | $ 50,000 | $ 30,000 | |
| | | | |
| Net income | | | $ 80,000 |
| Interest on average capital (10%) | $ 5,000 | $ 3,000 | (8,000) |
| Salary | 25,000 | 15,000 | (40,000) |
| Residual income | | | $ 32,000 |
| Allocate 70%:30% | 22,400 | 9,600 |...