John and Paul are partners who share profits and losses in the ratio of 3:2 respectively. John's salary is P180,000 and Paul's is P140,000. The partners are paid interest on their average capital balances where John received interest of P 30,000 and Paul, P 15,000. The profit and loss allocation is determined after deduction for the salary and interest payments. If John received P280,000 from partnership income, what was the total partnership income?*

The partners of Triple A Partnership are Adah, Ana and Ara. During the current year, their average capital balances are as follows: Adah - P 180,000; Ana - P160,000; Ara - P 150,000. The articles of partnership provided the following terms: 1. Annual interest of 8% on their average capital balances. 2. Salary allowances as follows: Adah - P 50,000 and Ana - P 80,000. 3. Ana shall receive bonus of 15% of income in excess of P40,000 after partner's interest and salary allowances. 4. Residual profits shall be divided in the ratio of 2:2:6 to Adah, Ana and Ara. What amount will Ana receive if the net income earned is P 470,000?*

What amount must the remaining assets be sold in order for Julia to receive P197,500 after liquidation?image below

Gerald, Julia and Bea are partners who decided to terminate their partnership due to misunderstanding. Total assets of the partnership is P480,000 including cash of P30,000. Capital balances of the partners were as follows Gerald P150,000; Julia P175,000; Bea P67,500. Unpaid liabilities amounted to P87,500. Assets with a book value of P175,000 were sold for P125,000 and the cash was distributed. The P/L ratio is 5:3:2EB, WW and FF agree to sell construction tools for a period of one month. BB agrees to construct a stand on the front of the lawn of FF. FF will be paid P2,500 for cleaning up the lawn after the onemonth selling period. 00, WW and FF decide that net inoomel if any will be allocated first by the F2,500 payment to FF and then by a 40% commission on indiyidual sales. The balance will be distributed T505 to BB and 25% to WW. They agree that a cash box will complicate the matters and that all purchases and sales transactions will be outofpocitet and the responsibility of the indiyidual. Sales to 00, WW and FF are to be at oostl except that the ending inyentory may be purchased at 505-5 of cost. All other sales are to he made at 100% mark-up on cost. The activity of the joint operation is as follows: a. BB construct the stand on the front ofthe lawn at a oost of P10,000; b. 00 pays for P100,000 for yarious construction tools. FF pays P5,000 for permit to operate the concession or business; c. 00- purchases additional construction tools for FIE-0,000 using P50.000 contributed by WW and P100000 of personal money; d. Sales for the period were as follows: BB, P110000; WW, F260,000; and FF; P500120; e. FF pays H.000 for ofce supplies and these are distributed equally between BB. WW, and FF for their personal use at home. FF agrees to pay P5,000 for the stand. f. The balance of construction tools inventory was taken by BB. Requirement: Determine the amount to be receiyed {paid} by 00 during cash settlement