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Xian Tiu and Gerald Lim contributed a total of $150,000 to the partnership. Xian contributed $90,000 of the capital and Gerald contributed $60,000. At the
Xian Tiu and Gerald Lim contributed a total of $150,000 to the partnership. Xian contributed $90,000 of the capital and Gerald contributed $60,000. At the end of the year, the partnership earned $50,000 profits. Profits are to be divided according to the capital contribution of each partners. How much of the profits will be credited to each partner?
Select one:
a. Xian - $30,000 , Gerald - $20,000
b. Xian - $20,000 , Gerald - $30,000
c. Xian - $25,000 , Gerald - $24,000
d. Xian - $40,000 , Gerald - $10,000
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