Business, 06.04.2021 01:10, damilysgonzalez2

Jerry and Joyce are partners in a new restaurant. Jerry contributed $280,000 in capital and is planning to work 60 hours per week with management responsibilities. Joyce contributed $140,000 in capital and is planning to work 40 hours per week with no management responsibilities. Which of the following fixed ratios are they likely to select for distributing net income or net loss? A. 30% Jerry) and 70% (joyce)
B. 2/5 Clerry) and 3/5 (Joyce)
C. 2/3 Gerry) and 1/3 (Joyce)
D. 50% (erry and 50% (Joyce)

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Jerry and Joyce are partners in a new restaurant. Jerry contributed $280,000 in capital and is plann...