Question
The Articles of Partnership of partners Arida and Burida stipulates the following: Annual salary of $60,000 each. Bonus to Partner A of 20% of the
The Articles of Partnership of partners Arida and Burida stipulates the following:
- Annual salary of $60,000 each.
- Bonus to Partner A of 20% of the profit after partner's salaries. The bonus and salaries are treated as expenses.
- Balance to be divided equally.
The partnership earned profit of $480,000 before partner's salaries and bonus. How much is the total share of Aria, including salary and bonus?
Please explain.
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Cost-Benefit Analysis Concepts and Practice
Authors: Anthony E. Boardman, David H. Greenberg, Aidan R. Vining, David L. Weimer
5th edition
1108401295, 9781108415996, 1108415997, 978-1108401296
