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Singer and McMann are partners in a business. Singer's original capital was $41,200 and McMann's was $58,500. They agree to salaries of 510,700 and $18,500
Singer and McMann are partners in a business. Singer's original capital was $41,200 and McMann's was $58,500. They agree to salaries of 510,700 and $18,500 for S nger and McMann, respectively, and 10% interest on original capital. If they agree to share the remaining profits and losses in a 3:2 ratio, what will Singer's share of the income be if the income for the year is $69,800? Oa. $41,880 b. $33,198s O c. $10,700 Od. $14,820
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