Maurice Tutor

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    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 06 Apr 2018 My Price 4.00

Baggetta and Cohen

2.           Baggetta and Cohen have capital accounts of $20,000 and $40,000, respectively. The part­ ners divide net income in the following manner:

(1)        Salaries of $10,000 to Baggetta and $12,000 to Cohen.

(2)       Each partner receives 5% on his capital investment.

(3)       The balance is divided in the ratio of 1 :2.

Determine  the division  of net income if  net  income is (a) $34,000; (b)   $22,000.

 

Answers

Maurice Tutor
(5)
Status NEW Posted 06 Apr 2018 03:04 PM My Price 4.00

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