Zambian Open University Subject: Financial Information System (BBAC 241). Lecturer: M. Chinyimba Assignment 2 Semester 2 2018 Question 1 Akapelwa, Bwalya, and Chirwa are in partnership sharing profits four-sevenths, two-sevenths, and one-seventh, respectively. It is provided that in no year should Chirwas share of profit ever be less than K1 500. However, should that happen, Akapelwa and Bwalya should contribute a portion of their own share of profit to make up for the shortfall in Chirwas share. To achieve the above, a ratio of 4:2, respectively, will have to be applied. You are required to prepare a statement showing the appropriation of the years profit amounting to K5 642 between the partners.