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Here is another different question, and can you send me the answer by today please.. Dividing Partnership Income Desmond Drury and Ty Wilkins have decided
Here is another different question, and can you send me the answer by today please..
Dividing Partnership Income Desmond Drury and Ty Wilkins have decided to form a partnership. They have agreed that Drury is to considered: a. Equal division. b. In the ratio of original investments. c. In the ratio of time devoted to the business. d. Interest of 10% on original investments and the remainder in the ratio of 32. e. Interest of 10% on original investments, salary allowances of $79,200 to Drury and $39,600 to wiki f. Plan (e), except that wilkins is also to be allowed a bonus equal to 20% of the amount by which net Required: For each plan, determine the division of the net income under each of the following assumptions: (1) ne $153,900 $349,500 Wilkins Drury Wilkins Plan Drury b Step by Step Solution
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