Question
10. Diya and Minh began a partnership by investing $28,000 and $20,000 in cash, respectively. Assume that during its first year the partnership earned a
10. Diya and Minh began a partnership by investing $28,000 and $20,000 in cash, respectively.
Assume that during its first year the partnership earned a $28,000 profit. What would be the share of each partner in the profit if the partners had agreed to share it by giving a $16,400 per year salary allowance to Diya and an $18,000 per year salary allowance to Minh, 10% interest on their beginning investments, and the remainder equally?
A. Diyas share, $13,200; Minhs share, $14,800.
B. Diyas share, $14,000; Minhs share, $14,000.
C. Diyas share, $13,349; Minhs share, $14,651.
D. Diyas share, $14,400; Minhs share, $13,600.
E. Diyas share, $13,600; Minhs share, $14,400.
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