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Levels Tought:
Elementary,Middle School,High School,College,University,PHD
| Teaching Since: | May 2017 |
| Last Sign in: | 401 Weeks Ago, 4 Days Ago |
| Questions Answered: | 66690 |
| Tutorials Posted: | 66688 |
MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
P5. Jan, Pat, and Misa are partners in South Central Company. The partnership agree- ment states that Jan is to receive 8 percent interest on his capital balance at the begin- ning of the year, Pat is to receive a salary of $200,000 a year, and Misa will be paid inter- est of 6 percent on his average capital balance during the year. Jan, Pat, and Misa will share any income or loss after salary and interest in a 5:3:2 ratio. Jan’s capital balance at the beginning of the year was $1,200,000, and Misa’s average capital balance for the year was $1,440,000.
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