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Calculate by how much each partners account will increase

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Bautista, Pineda, and Feliciano have average capital balances during the year of P1,000,000, P400,000, and P1,200,000, respectively. They are paid 10% interest on their average capital balances, each receives a P240,000 salary, and they share remaining profits and losses in a 3:2:1 ratio, respectively.

Question 1: Calculate by how much each partner's account will increase or decrease as a result of a

(a) P1,580,000 profit

(b) P500,000 profit or

(c) P100,000 loss.

Reference no: EM132483498

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