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onnor and Mandy form CON-MAN Partnership have the following: NI = $20,000; Connor's beginning capital balance = $46,000; Mandy's beginning capital balance = $50,000; salary
onnor and Mandy form CON-MAN Partnership have the following: NI = $20,000; Connor's beginning capital balance = $46,000; Mandy's beginning capital balance = $50,000; salary to Connor $8,000; salary to Mandy $5,000; interest on capital balance 12%; fixed ratio 4:6. How much will be distributed to each partner based the fixed ratio? The partnership agreement states excess/shortfalls are to be divided according to the fixed ratio.
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