Business
Business, 30.05.2020 22:04, jaylaga47

Steve Conyers and Chelsy Bernard formed a partnership, dividing income as follows: Annual salary allowance to Bernard of $147,900. Interest of 7% on each partner's capital balance on January 1. Any remaining net income divided to Conyers and Bernard, 1:2. Conyers and Bernard had $93,000 and $93,000, respectively, in their January 1 capital balances. Net income for the year was $255,000. How much is distributed to Conyers and Bernard

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Steve Conyers and Chelsy Bernard formed a partnership, dividing income as follows: Annual salary all...

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