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Maria and Martha agreed on the following profit distribution: 1. 12% interest is given on the basis of the peso month average capital balance of
Maria and Martha agreed on the following profit distribution: 1. 12% interest is given on the basis of the peso month average capital balance of each partner; 2. annual salaries allowed to Maria P60,000 and to Martha P80,000; and 3. the balance to be shared as follows: 1/3 to Maria and 2/3 to Martha. What is the average capital of Maria? Note: Round off answer to the nearest peso. In the previous problem pertaining to M&M Ltd., what is the average capital of Martha? Note: Round off answer to the nearest peso. Question 28 In the previous problem pertaining to M&MLtd., what is the share in the net income of Maria? Note: Round off answer to nearest peso. Question 29 In the previous problem pertaining to M&M Ltd., what is the share in the net income of Martha? Note: Round off answer to nearest peso
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