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Dividing partnership income Dahl and Westhoff have decided to form a partnership. They have agreed that Dahl is to invest $ 4 0 0 ,
Dividing partnership income
Dahl and Westhoff have decided to form a partnership. They have agreed that Dahl is to invest $ and that Westhoff is to invest $ Dahl is to devote onethird time to the business, and Westhoff is to devote twothirds time. The following plans for the division of income are being considered:
Equal division
In the ratio of original investments
In the ratio of time devoted to the business
Interest of on original investments and the remainder equally
Interest of on original investments, salary allowances of $ to Dahl and $ to Westhoff, and the remainder equally
Plan e except that Westhoff is also to be allowed a bonus of $ if net income exceeds $
Required:
For each plan, determine the division of the net income under each of the following assumptions: net income of $ and net income of $ Round answers to the nearest whole dollar.
Plan $
Dahl $
Westhoff $
Dahl $
Westhoff
a $fill in the blank
$fill in the blank
$fill in the blank
$fill in the blank
b $fill in the blank
$fill in the blank
$fill in the blank
$fill in the blank
c $fill in the blank
$fill in the blank
$fill in the blank
$fill in the blank
d $fill in the blank
$fill in the blank
$fill in the blank
$fill in the blank
e $fill in the blank
$fill in the blank
$fill in the blank
$fill in the blank
f $fill in the blank
$fill in the blank
$fill in the blank
$fill in the blank
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