Question

Accounting II question 36,000 - 24, 000 - 16,800=
the ratio is 2:1 what would the solution be?

Answer 1

Please put up the whole question. There is not enough here.

Answer 2

Is this what you are looking for:

36,000-24,000-16,800=-4800

If the ratio is 2:1, then I assume you are looking for the following:

-4800/x=2/1
2x=-4800
x=-2400 This will give you a ratio of 2:1

Answer 3

Problem Alex Hutchins and Catlin Jenkins formed a partnership,dividing income as follow:
1. annual salary allowance of hutchins of 24,000
2 Interest of 12% on each partners capital balance of january 1
3. any remaining net income divided to hutchins and jenkins, 2:1

hutchins and jenkins had 60,000 and 80,000 respectively in their jan 1 capital balances. net income for the year was 36,000.

How much net income should be distributed to Hutchins?

Answer 4

is the 36,000 net income before salary and interest or after?

Answer 5

if b4, then 36,000 - (24,000 + (12% of 60,000)) = 36000 - 31,200 = 4,800
net to hutchins will then be 2/3 x 4800 = 3200

if after, then net to hutchins = 2/3 x 36,000 = 24,000