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Hi! can someone please help me with this question? Thank you! Singer and McMann are partners in a business. Singer's original capital was $36,800 and
Hi! can someone please help me with this question? Thank you!
Singer and McMann are partners in a business. Singer's original capital was $36,800 and McMann's was $57,100. They agree to salaries of $13,500 and $17,800 for Singer and McMann, respectively, and 10% interest on original capital. If they agree to share the remaining profits and losses in a 3:2 ratio, what will Singer's share of the income be if the income for the year is $65,700? Oa. $17.180 Ob. 539.420 Oc. $13.500 Od. $32.186Step by Step Solution
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