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How much bonus does peter receive as a result of transaction

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Problem 1: Gary, Peter, and Chris and have capital balances of Php25,000, Php40,000, and Php31,000, respectively. As per the partnership agreement, Gary gets a profit share of 2/9; Peter gets 4/9; and Chris gets 3/9. The partnership agrees to pay Php22,000 as the final settlement to Gary. How much bonus does Peter receive as a result of this transaction?

a. Php1,714

b. Php1,286

c. Php1,667

d. Php1,333

Problem 2: Mathew, Patrick, and Robin and have capital balances of Php75,000, Php120,000, and Php93,000, respectively. As per the partnership agreement, Mathew gets a profit share of 2/9; Patrick gets 4/9; and Robin gets 3/9. Partnership agrees to pay Php66,000 as final settlement to Mathew. How much bonus will Robin receive as a result of this transaction?

a. Php5,142

b. Php3,857

c. Php5,000

d. Php4,000

Reference no: EM132786895

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