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Singer and McMann are partners in a business. Singer's original capital was $43,000 and McMann's was $54,600. They agree to salaries of $10,900 and $17,100
Singer and McMann are partners in a business. Singer's original capital was $43,000 and McMann's was $54,600. They agree to salaries of $10,900 and $17,100 for Singer 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 $66,200? Oa. $39,720 Ob. $10,900 Oc. $15,200 Od. $32,264
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