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Pls my due is 3 more hours Two partnors Alexis and Gill are trying to draft their partnership agroement and are wondering which mothod for
Pls my due is 3 more hours
Two partnors Alexis and Gill are trying to draft their partnership agroement and are wondering which mothod for splitting their new partnerships income makes the most sense. The following breakdown their planned asset, liability, salary expectations planned share spit: Required: Alex and Gill want to know how $145,000 in profit will be allocated based on the following methods: a) Based on given Profit/Loss Ratio i) Based on given Profit/Loss Ratio iii) If no salary amounts were included, but instead partners take 30% interest allowance on Net Original Irvestment and the remainder is split 50/50. iv) If no partnership agreement is entered v) If interest allowance of 15% and Salary Allowance at 100% and the rest according to Profit Loss Ratio Step by Step Solution
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