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please answer all the questions immediately thankyou 47 The partnership contract for Hanes and Jones Partnership provides that Hanes is to receive a bonus of
please answer all the questions immediately thankyou
47 The partnership contract for Hanes and Jones Partnership provides that Hanes is to receive a bonus of 20% of net income (after the bonus) and that the remaining net income is to be divided equally. If the partnership income before the bonus for the year is P57,600, Hanes' share of this pre-bonus income is: To input answers, kindly follow the sample format below (no peso sign, with comma, no space): ex. 100,000 Failure to follow the format will invalidate your answer * (1 Point) Enter your answer 48 On January 1, 2020, A and B have capital balances of P 200,000 and P 300,000 respectively. On July 1,2020. A invests an additional P 10.000 and B withdraws P 11.600. Profits and losses are divided as follows: Each of the partners shall be giveh*3,000 monthly salary, Interest of 12% on ending capital balances - Bonus to B of 10% of profit after salary but before interest and bonus if profit exceeds 500,000 for the year. - Any remainder is divided in the ratio of their capital balances at the start of the year, Revenues for the year totaled P 1.000.000 and Expenses amounted 300,000 For the year 2021, the income summary account has a credit balance of P 500,000 and there are no additional investments or withdrawals during the year LP How much is B's share in net income, net losses for the year 2021? (1 Point) 303,885.43 196,114.57 108,111.75 180,880.25Step by Step Solution
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