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Xavier and Yolanda have original investments of $51,100 and $101,100, respectively, in a partnership. The articles of partnership include the following provisions regarding the division
Xavier and Yolanda have original investments of $51,100 and $101,100, 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 $30,300, respectively; and the remainder to be divided equally. How much of the net income of $119,200 is allocated to Xavier? a. $29,100 b. $39,320 c. $64,800 d. $54,000
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