Business, 15.07.2020 03:01, etuck16

Xavier and Yolanda have original investments of $49,300 and $99,800, 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 $29,700 and $30,800, respectively; and the remainder to be divided equally. How much of the net income of $109,400 is allocated to Xavier?

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Xavier and Yolanda have original investments of $49,300 and $99,800, respectively, in a partnership....