22.01.2023

The Pitt and Jolie partnership agreement stipulates that profits and losses will be shared equally after salary allowances of $32,000 for Pitt and $48,000 for Jolie and 10% interest allowance on capital balances at the beginning of the year. Each partner had a beginning capital balance of $80,000. If the net income for the year is $120,000, what is Pitt’s share of the net income?

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Mathematics
Step-by-step answer
P Answered by PhD

SI=(P*R*T)/100

P=2000

R=1.5

T=6

SI=(2000*1.5*6)/100

=(2000*9)/100

=180

Neil will earn interest of 180

Mathematics
Step-by-step answer
P Answered by PhD

Salesperson will make 6% of 1800

=(6/100)*1800

=108

Salesperson will make $108 in $1800 sales

Mathematics
Step-by-step answer
P Answered by PhD

The solution is given in the image below

The solution is given in the image below
Mathematics
Step-by-step answer
P Answered by PhD

Here,

tip=18%of $32

tip=(18/100)*32

=0.18*32

=$5.76

Total payment=32+5.76=$37.76

Mathematics
Step-by-step answer
P Answered by PhD

The wood before starting =12 feet

Left wood=6 feet

Wood used till now=12-6=6 feet

Picture frame built till now= 6/(3/4)

=8 pieces

Therefore, till now 8 pieces have been made.

Mathematics
Step-by-step answer
P Answered by PhD

Area of rectangle= L*b

here,

L=12.4 cm

b= 8.8 cm

A= L*b

= 12.4 * 8.8 = 109.12 cm^2

Mathematics
Step-by-step answer
P Answered by PhD

Cost of 6 gallons =$15

Cost of 1 gallon =15/6

                           =$2.5

Cost of 7 gallons=$2.5 * 7

                           =$17.5

Mathematics
Step-by-step answer
P Answered by PhD

Weight of adult elephant = 24,000 pounds

Weight of baby elephant = 260 pounds

Difference between weight = 24,000 - 260 = 23,740

Adult elephant weights 23,740 pounds more 

Mathematics
Step-by-step answer
P Answered by PhD

Decrease in bikes sale = 650 - 572 = 78

%Decrease = (change)/old value * 100

%Decrease in sale = 78/650 * 100 = 12%

Decrease in sale = 12%

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