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Homework answers / question archive / paco and kate invested $100000 and $ 1250000, respectively, in a partnership they began one year ago

paco and kate invested $100000 and $ 1250000, respectively, in a partnership they began one year ago

Accounting

paco and kate invested $100000 and $ 1250000, respectively, in a partnership they began one year ago. assuming the partnership's net income was $155000for this year, calculate the share of the net income each partner should receive under the following assumptions. ( show your caluclation)

paco's share kate's share

  1. the partnership agreement specifies salary allowances of $ 67000 to paco and $59000 to ----------- --------

kate and any balance shared equally. ---------- ---------

2) the partnership agreement specifics salary allowance of $43000 to paco and $ 52000 to kate, ---------- ---------

15% interest on their investment and any balance shared equally. --------- ---------

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