Business
Business, 25.02.2021 18:30, ruthd113

Xavier and Yolanda have original investments of $50,000 and $100,000 respectively in a partnership. The articles of partnership include the following provisions regarding the division of net income: interest on original investment at 10%, salary allowances of $27,000 and $18,000 respectively, and the remainder equally. How much of the net income of $40,000 is allocated to Xavier? A) $22,000
B) $32,000
C) $0
D) $20,000

answer
Answers: 3

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Xavier and Yolanda have original investments of $50,000 and $100,000 respectively in a partnership....

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