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Dividing Partnership IncomeBeau Dawson and Willow McDonald formed a partnership, investing $ 1 2 0 , 0 0 0 and $ 1 8 0 ,
DividingPartnershipIncomeBeau Dawson and Willow McDonald formed a partnership, investing
$ and $ respectively.Determine their participation in the year's net income of
$ under each of the following independent assumptions:aNo agreement concerning division of net
income.
bDivided in the ratio of original capital
investment.
cInterest at the rate of allowed on
original investments and the remainder divided in the ratio of
:
dSalary allowances of $ and $
respectively, and the balance divided equally.
eAllowance of interest at the rate of on
original investments, salary allowances of $ and $
respectively, and the remainder divided equally.
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