Question
paco and kate invested $100000 and $ 1250000, respectively, in a partnership they began one year ago. assuming the partnership's net income was $155000for this
paco and kate invested $100000 and $ 1250000, respectively, in a partnership they began one year ago. assuming the partnership's net income was $155000for this year, calculate the share of the net income each partner should receive under the following assumptions. ( show your caluclation)
paco's share kate's share
- the partnership agreement specifies salary allowances of $ 67000 to paco and $59000 to ----------- --------
kate and any balance shared equally. ---------- ---------
2) the partnership agreement specifics salary allowance of $43000 to paco and $ 52000 to kate, ---------- ---------
15% interest on their investment and any balance shared equally. --------- ---------
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