Solution-Calculate how much of the total is anastasia is

Calculate how much of the total is anastasia is entitled to

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Question - Anastasia and Georgina are in partnership sharing profits and losses in the ratio 3:2. Georgina is entitled to a salary of $9000 and interest on capital is paid at a rate of 8% per annum. The partner's capital balances are: Anastasia $75,000, Georgina $60,000. The partnership statement of profit and loss for the year shows a profit of $58,000. Calculate how much of the total is Anastasia is entitled to.

Reference no: EM132739786

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Calculate how much of the total is anastasia is entitled to

Reference no: EM132739786

Reference no: EM132739786

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