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Dallas and Weiss formed a partnership to manage rental properties, by investing $ 1 1 6 , 0 0 0 and $ 1 7 4
Dallas and Weiss formed a partnership to manage rental properties, by investing $ and $ respectively. During its first year, the partnership recorded profit of $ Required: Prepare calculations showing how the profit should be allocated to the partners under each of the following plans for sharing profit and losses: a The partners failed to agree on a method of sharing profit. b The partners agreed to share profits and losses in proportion to their initial investments. c The partners agreed to share profit by allowing a $ per year salary allowance to Dallas, an $ per year salary allowance to Weiss, interest on their initial investments, and sharing the balance equally. Leave no cell blank. Enter when the answer is zero.
Dallas and Weiss formed a partnership to manage rental properties, by investing $ and $ respectively. During its first year, the partnership recorded profit of $
Required:
Prepare calculations showing how the profit should be allocated to the partners under each of the following plans for sharing profit and losses:
a The partners failed to agree on a method of sharing profit.
b The partners agreed to share profits and losses in proportion to their initial investments.
c The partners agreed to share profit by allowing a $ per year salary allowance to Dallas, an $ per year salary allowance to Weiss, interest on their initial investments, and sharing the balance equally. Leave no cell blank. Enter when the answer is zero.
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