11. What would be the share of each partner in the $42,000 profit if the partners had agreed to a $16,400 per year salary allowance to David and an $18,000 per year salary allowance to May, 10% interest on their beginning investments, and the remainder equally? a. David's share, $20,600; May's share, $21,400. b. David's share, $22,200; May's share, $19,800. c. David's share, $21,400; May's share, $20,600. d. David's share, $24,500; May's share, $17,500. e. David's share, $21,000; May's share, $21,000. 12. What would be the share of each partner in the $42,000 profit if the partners had agreed to share it based only on the ratio of their beginning investments? a. David's share, $21,000; May's share, $21,000. b. David's share, $42,000; May's share, $o. c. David's share, $21,400; May's share, $20,600. d. David's share, $24,500; May's share, $17,500 e. David's share, $20,600; May's share, $21,400. 13. Assume instead 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 David and an $18,000 per year salary allowance to May, 10% interest on their beginning investments, and the remainder equally? 1 a. David's share, $13,200; May's share, $14,800. b. David's share, $14,000; May's share, $14,000. c. David's share, $13,349; May's share, $14,651. d. David's share, $13,600; May's share, $14,400. e. David's share, $14,400; May's share, $13,600. 11. What would be the share of each partner in the $42,000 profit if the partners had agreed to a $16,400 per year salary allowance to David and an $18,000 per year salary allowance to May, 10% interest on their beginning investments, and the remainder equally? a. David's share, $20,600; May's share, $21,400. b. David's share, $22,200; May's share, $19,800. c. David's share, $21,400; May's share, $20,600. d. David's share, $24,500; May's share, $17,500. e. David's share, $21,000; May's share, $21,000. 12. What would be the share of each partner in the $42,000 profit if the partners had agreed to share it based only on the ratio of their beginning investments? a. David's share, $21,000; May's share, $21,000. b. David's share, $42,000; May's share, $o. c. David's share, $21,400; May's share, $20,600. d. David's share, $24,500; May's share, $17,500 e. David's share, $20,600; May's share, $21,400. 13. Assume instead 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 David and an $18,000 per year salary allowance to May, 10% interest on their beginning investments, and the remainder equally? 1 a. David's share, $13,200; May's share, $14,800. b. David's share, $14,000; May's share, $14,000. c. David's share, $13,349; May's share, $14,651. d. David's share, $13,600; May's share, $14,400. e. David's share, $14,400; May's share, $13,600
