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show all computations of how you got to the answer? X and Y invest $100,000 and $50,000 respectively in a partnership and agree to a
show all computations of how you got to the answer? X and Y invest $100,000 and $50,000 respectively in a partnership and agree to a division of net income that provides for an allowance of interest at 5% on original investments, salary allowances of $12,000 and $24,000 respectively, with the remainder divided 80/20. What would be X's \& Y's share of a periodic net income of $40,000 ? Show computations
show all computations of how you got to the answer?
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