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Vanessah and Marie formed a partnership on January 2, 2018 by contributing capital of Php 262, 500 and Php 37, 500, respectively. They agreed to
Vanessah and Marie formed a partnership on January 2, 2018 by contributing capital of Php 262, 500 and Php 37, 500, respectively. They agreed to share pro ts and losses 70% and 30% respectively. Marie manages the partnership and is given a salary of Php 5, 000 a month and bonus of 20% of net income before salary, interest and bonus. Interest of 5% of the beginning capital is to be given to each partner and any remainder is to be divided according to their pro t and loss ratio. For the year ended December 31, 2018, the partnership generated a net income of Php 48, 000 after salaries, interests and the bonus. How much is the amount that each partner should receive in the distribution of pro t? Vanessah Marie Php 46, 725 Php 107, 025 Php 46, 725 Php 76, 275 Php 77, 475 Php 76, 275 Php 33, 600 Php 105, 150
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