Question
Jack, Dani, and Fred are partners in JDF partnership. Their capital balances are: $ 70,000, $ 40,000, and $ 60,000 respectively. For the year 2022,
Jack, Dani, and Fred are partners in JDF partnership. Their capital balances are: $ 70,000, $ 40,000, and $ 60,000 respectively. For the year 2022, the net income of the company was $ 64,000. Their profit and loss sharing agreement is as follows: Salaries are allocated to Jack and Fred only, then interest of 10% is given to all partners on their capital balances, with the remaining divided equally between them. If you know that Dani's capital balance became $ 49,000 after closing the net income for the year, while the salary allocated to Fred was $ 12,000, How much was the salary allocated to Jack?? please i want as soon as possible
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