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Jensen and Stafford began a partnership to start a hardwood flooring installation business, by investing $176,000 and $216,000, respectively. They agreed to share pronts/(tosses) by
Jensen and Stafford began a partnership to start a hardwood flooring installation business, by investing $176,000 and $216,000, respectively. They agreed to share pronts/(tosses) by providing yearly salary allowances of $166,000 to Jensen and $91,000 to Stafford, 25% interest allowances on their investments, and sharing the balance 3.2 . Required: 1. Determine each parther's share if the first-year profit was $436,000. 2. Independent of (0), determine each partner's share if the first-year loss was $111,000 (Negative answers should be indicated by a minus sign.)
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