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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 $400,000 and that Westhoff is to invest $100,000. Dahl is to devote one-third time to the business, and Westhoff is to devote two-thirds 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 5% on original investments and the remainder equally
Interest of 5% on original investments, salary allowances of $80,000 to Dahl and $160,000 to Westhoff, and the remainder equally
Plan (e), except that Westhoff is also to be allowed a bonus of $50,000 if net income exceeds $200,000
Required:
For each plan, determine the division of the net income under each of the following assumptions: (1) net income of $300,000 and (2) net income of $750,000. Round answers to the nearest whole dollar.
Plan (1) $300,000
Dahl (1) $300,000
Westhoff (2) $750,000
Dahl (2) $750,000
Westhoff
a. $fill in the blank 1
150,000
$fill in the blank 2
150,000
$fill in the blank 3
375,000
$fill in the blank 4
375,000
b. $fill in the blank 5
240,000
$fill in the blank 6
60,000
$fill in the blank 7
600,000
$fill in the blank 8
150,000
c. $fill in the blank 9
100,000
$fill in the blank 10
200,000
$fill in the blank 11
250,000
$fill in the blank 12
500,000
d. $fill in the blank 13
157,500
$fill in the blank 14
142,500
$fill in the blank 15
382,500
$fill in the blank 16
367,500
e. $fill in the blank 17
117,500
$fill in the blank 18
182,500
$fill in the blank 19
342,500
$fill in the blank 20
407,500
f. $fill in the blank 21
92,500
$fill in the blank 22
207,500
$fill in the blank 23
$fill in the blank 24

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