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Problem 5: Jeff and Nhar formed a partnership on Sept. 29, 2017 with original capital contribution of P400,000 and P600,000, respectively. On June 01. 2018,

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Problem 5: Jeff and Nhar formed a partnership on Sept. 29, 2017 with original capital contribution of P400,000 and P600,000, respectively. On June 01. 2018, Jeff invested additional capital of P100,000, while Nhar's made a permanent withdrawal of P100,000 on October 30, 2018. On July 01,2019, Jeff made again an additional investment of P100,000, and on the same day Nhar made a permanent withdrawal of P100,000. Required: Determine the share on profit of Jeff and Nhar based on the given assumptions: 1. Distribute the profit of P120,000 If there was no agreement on the profit and loss ratio a. Share of Jeff on the profit: b. Share of Nhar on the profit: 2. Distribute the loss of P80,000 if there was no agreement on the profit and loss ratios a. Share of Jeff on the loss: b. Share of Nhar on the loss: Problem 5: Jeff and Nhar formed a partnership on Sept. 29, 2017 with original capital contribution of P400,000 and P600,000, respectively. On June 01, 2018, Jerr invested additional capital of P100,000, while Nhar's made a permanent withdrawal of P100,000 on October 30, 2018. On July 01,2019, Jeff made again an additional investment of P100,000, and on the same day Nhar made a permanent withdrawal of P100,000. Required: Determine the share on profit of Jeff and Nhar based on the given assumptions: 1. Distribute the profit of 175,000 if Profit and Loss ratio is based on 2019 beginning capital: a. Share of Jeff on the profit: b. Share of Nhar on the profit 2. Distribute the loss of P30,000 if Profit and Loss ratio is based on 2019 ending capital: a. Share of Jeff on the lossi b. Share of Nhar on the loss: Problem 5: Jeff and Nhar formed a partnership on Sept. 29, 2017 with original capital contribution of P400.000 and P600,000, respectively. On June 01. 2018, Jeff invested additional capital of P100,000, while Nhar's made a permanent withdrawal of P100,000 on October 30, 2018. On July 01,2019, Jeff made again an additional investment of P100,000, and on the same day Nhar made a permanent withdrawal of P100,000. Required: Determine the following: 1. The average capital for 2019 of each partner: a. Jeff average capital for 2019: b. Nhar average capital for 2019: 2. Based on the average capital for 2019, how will the profit of P120,000 will be distributed: a. Share of Jeff on the profit: b. Share of Nhar on the profit

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