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Morrison and Greene have decided to form a partnership. They have agreed that Morrison is to invest $219.000 and that Greene is to invest $71,000.
Morrison and Greene have decided to form a partnership. They have agreed that Morrison is to invest $219.000 and that Greene is to invest $71,000. Morrison is to devote one-tall time to the business, and Greeneis to devote full time. The following plans for the vision of income se being considered a Equal division b. In the ratio of original investments c. In the ratio of time devoted to the business d. Interest of ongements and the remainder Interest of os ancestments, catalowances of $40,000.00 Mortison and $8,000 to Greece, and the remainder equally Mano), song that Gruene is also to be lowed a bonus equal to 70% of the amount by which net income.coeds the total salary allowances Required: For each plan, termine the vision of the set incent under each of the following assunction (1) set income of $115.000 and (23 net income of $210,000. Round answers to the nearest whole dala (1) $110.000 Morrison Greene $210,000 Morrison Greene plan
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