Rose, Sheila and Thelma formed a joint operation. Rose is allowed a salary of P120,000; remaining profit or loss is to be divided equally. The joint operation is terminated as of December 31, 2011. Unsold merchandise costing P105,000 are taken over by Thelma. Rose made the settlement to Sheila and Thelma. The following balances appear at the end of 2011 before adjustment for inventory and profits: Debit Credit Joint Operation Cash P 480,000 Investment in Joint Operation P150,000 Sheila, capital 30,000 Thelma, capital 135,000 How much in the final settlement would Thelma receive?The following Investment in Joint Operation account reflects the transactions of the joint operation of Greg, Oro and Con as recorded by Greg: INVESTMENT IN JOINT OPERATION 2011 2011 11/6 Mdse. - Con P85,000 11/20 Cash sales Greg P204,000 11/8 Mdse. - Oro 70,000 12/12 Cash sales Greg 42,000 11/10 Freight - Greg 2,000 12/28 Mdse. - Oro 12,100 11/12 Advert. - Greg 1,500 12/8 Purchreg 35,000 12/14 Exp. - Greg 4,000 The joint operation agreement provided for the division of gains and losses among Greg, Oro and Con in the ratio 5:3:2, respectively. The joint operation was to close as of December 31, 2011. The total share of Oro in the Joint operation amount to:The statement of affairs of Darrell Putix Co. indicates that unsecured creditors without priority with total claims of P720,000 may expect to recover only P288,000 after all the assets were sold. Among the creditors of Darrell Putix Co. are the following: Government - taxes payable of P400,000, inclusive of P80,000 assessments and surcharges. XYZ bank - loan payable of P4,000,000 and accrued interest of #200,000, backed by collateral security with realizable value of P4,800,000. Alpha Financing Co. - loan payable of P3,200,000 backed by collateral security with realizable value of P2,000,000. Mr. Bombay - loan payable of P1,000,000 and accrued interest of #200,000. No collateral security. How much is the expected recovery of partially secured creditors?Dirk, Terry and Josh formed a joint operation. The contractual arrangement provides that Dirk is to manage the joint operation and is to receive a fee of 15% of the profit after deduction of the fee as an expense of the joint operation, the net profit, after the fee has been agreed to be divided as follows: Dirk, 25%; Terry, 40% and Josh, 35%. After five months, the joint operation is terminated. The trial balance prepared by Dirk show the following balances: Debit Credit Investment in Joint Operation P 45,000 Terry, capital F' 2,500 .Iosh, capital 10,000 The joint operation has still some unsold merchandise worth FILE-00. Dirk agreed to purchase such at cost. The fee of Dirk has not yet been taken up. What is the net prot of the joint operation after the fee to Dirk