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Xavier and Yolanda have original investments of $50,000 and $104,900, respectively, in a partnership. The articles of partnership include the following provisions regarding the division
Xavier and Yolanda have original investments of $50,000 and $104,900, 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 $29,100 and $30,600, respectively; and the remainder to be divided equally. How much of the net income of $111,400 is allocated to Xavier? a. $39,100 b. $49,460 c. $29,100
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