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Partners Mariana, Madison, and jamie have agreed to allocate profits and losses in the following way: 8% interest on their respective investments of $10,000, $12,000,
Partners Mariana, Madison, and jamie have agreed to allocate profits and losses in the following way: 8% interest on their respective investments of $10,000, $12,000, and $20,000; salaries of $10,000 to each, and any remainder to be divided in the ratio of their investments.
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To calculate the profit allocation for each partner we need to follow the agreedupon allocation meth...
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