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Evan and Jordyn invested $99,000 and $126000, respectively, in a partnership they began one year ago. Assuming the partnership earned $120000 during the current year,
Evan and Jordyn invested $99,000 and $126000, respectively, in a partnership they began one year ago. Assuming the partnership earned $120000 during the current year, compute the share of the net income each partner should receive under each of these independent assumptions. The partnership contract specifies salary allowances of $45,000 to Evan and $60,000 to Jordyn and any balance shared equally. The partnership contract specifies salary allowances of $45,000 to Evan and $60,000 to Jordyn interest allowance of 8 % on the partners' beginning capial balance and any balance shared equally
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