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please solve it....before 20 minutes if possible Apartnership has two partners, Ms. Lee and Mr. Wan, and profit of $80,000 for the year. Profit is
please solve it....before 20 minutes if possible
Apartnership has two partners, Ms. Lee and Mr. Wan, and profit of $80,000 for the year. Profit is allocated using salaries and then 50% of the remainder to each partner. Ms. Lee's salary is $25,000; Mr. Wan's salary is $20,000. How much of the profit is allocated to Ms. Lee? O $37,500 O $65.000 O $17.500 O $42,500Step by Step Solution
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