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Singer and McMann are partners in a business. Singer's original capital was $43,100 and McMann's was $56,900. They agree to salaries of $14,000 and $17,800
Singer and McMann are partners in a business. Singer's original capital was $43,100 and McMann's was $56,900. They agree to salaries of $14,000 and $17,800 for Singer and McMann, respectively, and 10% interest on original capital. If they agree to share the remaining profits and losses on a 3:2 ratio, what will McMann's share of the income be if the income for the year is $55,900? Ja. $34,9561 Ob. $17,800 Oc. $23,490 Od. $29,130
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