The net income of the Rice and Nance partnership is $300,000. The partnership agreement specifies that Rice and Nance have a salary allowance of $80,000 and $120,000, respectively. The partnership agreement also specifies an interest allowance of 10% on capital balances at the beginning of the year. Each partner had a beginning capital balance of $200,000. Any remaining net income or net loss is shared equally. What is Rice's share of the $300,000 net income? Group of answer choices $80,000 $100,000 $110,000 $130,000

d. $130,000

Explanation:

Particulars                          Amount

Net income of firm             $300,000

Less: Salary                        $200,000 (Rice $80000 + Nance $120000)

Less: Interest on capital    $40,000   (Rice $20000 + Nance $20000)

Net income attributable to partners $60,000

Rice's share in net income = $60,000 * 1/2

Rice's share in net income = $30,000

Rice's share of the $300,000 net income = Salary + Interest on capital + Share in net income

Rice's share of the $300,000 net income = $80,000 + $20,000 + $30,000

Rice's share of the $300,000 net income = $130,000

multiculturalism is a particular subject of debate in certain european nations that are associated with the idea of a single nation within their country. critics of multiculturalism may argue against cultural integration of different ethnic and cultural groups to the existing laws and values of the country.

so yes, multiculturalism can (and usually does) result in the host country/continent losing its culture, identity and linguistics, especially due to the raw numbers of demographic transitions.

explanation:

answer; /// the use of a bank credit card to make purchase;