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Bea, Nina and Marose are partners in a manufacturing business. Bea receives a bonus of 15% of net income before deducting the bonus, salaries and
Bea, Nina and Marose are partners in a manufacturing business. Bea receives a bonus of 15% of net income before deducting the bonus, salaries and interest. Annual salaries are P400, 000 to Bea, P320, 000 to Nina and P 550, 000 to Marose. Interest is 10% of the average capital balance. Any remainder is to be divided by Bea, Nina and Marose in a 3:2:1 ratio. The Income Summary account has a credit balance of P1, 530, 000 after salaries, interest and bonus. Average capital balances are: Bea - P550, 000, Nina - P450, 000 and Marose - P 750, 000. How much did Bea receive in the pro t distribution? P 1, 490, 000 P 1, 608, 043 P 980, 000 P 1, 745, 000
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