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Xavier and Yolanda have original investments of $46,800 and $104,600, respectively, in a partnership. The articles of partnership include the following provisions regarding the division
Xavier and Yolanda have original investments of $46,800 and $104,600, respectively, in a partnership. The articles of partnership include the following provisions regarding the division of net income: interest on original investment at 20%; salary allowances of $26,800 and $29,500, respectively; and the remainder to be divided equally. How much of the net income of $116,000 is allocated to Yolanda? a. $50,420 b. $78,156 -c. $65,130 d. $20,920
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