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Jackson and Campbell have capital balances of $100,000 and $300,000, respectively. Jackson devotes full time and Campbell one-half time to the business. Determine the division
Jackson and Campbell have capital balances of $100,000 and $300,000, respectively. Jackson devotes full time and Campbell one-half time to the business. Determine the division of $150,000 of net income under each of the following assumptions: a. No agreement as to division of net income. Jackson $ Campbell $ b. In ratio of capital balances. Jackson $ Campbell $ c. In ratio of time devoted to business. Jackson $ Campbell $
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