bus 106 managerial actg

Ramer and Knox began a partnership by investing $68,000 and $98,000, respectively. The partners agreed to share net income and loss by giving annual salary allowances of $54,000 to Ramer and 543,200 to Knox, 12% Interest allowances on their investments, and any remaining balance shared equally (Enter all allowances as positive values. Enter losses os negative values.) Required: 1. Determine each partner's share given a first year net income of $106.800 2. Determine each partner's share given a first year net loss of $24 800, Complete this question by entering your answers in the tabs below. Required 1 Required 2 Determine each partner's share given a first-year net income of $106,800 5 Total 106 800 97,200 9.600 Allocation of Partnership Income Ramer Knox Net Income foss) Salary allowances $ 54 000 $ 43,200 Balance of income foss) Interest allowances Halance of income (loss) Balance allocated equally Balance of income oss) Shares of the parts 0 Required 2 > Ramer and Knox began a partnership by investing $68,000 and $98,000, respectively. The partners agreed to share net income and loss by giving annual salary allowances of $54,000 to Ramer and $43,200 to Knox, 12% interest allowances on their investments, and any remaining balance shared equally. (Enter all allowances as positive values. Enter losses os negative volues.) Required: 1. Determine each partner's share given a first year net income of $106,800 2. Determine each partner's share given a first year net loss of $24.800. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Determine each partner's share given a first-year net loss of $24,800 Allocation of Partnership Income Ramer Knox Total S 54.000 s 43,200 (24.800) 97,200 (122.000) 0 Not Income (loss) Salary allowances Balance of income (oss) Interest allowances Balance of income (loss) Balance allocated equally Balance of income (loss) Shares of the partners 0