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How much is the share of diaz in the profit

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Question - Distribution of Profits and Losses Based on Partners Agreement - Diaz and Manalo formed a partnership, investing P660,000 and P220,000, respectively.

Required - Determine the allocation of the 2020 profit of P840,000 the partners under each of the following independent assumptions:

a. Divided in the ratio of original capital investment

1. How much is the share of Diaz in the profit?

2. How much is the share of Manalo in the profit?

b. 8% interest allowed on original investments and the remainder to be divided in the ratio 2.3

1. How much is the share of Diaz in the profit?

2. How much is the share of Manalo in the profit?

c. Annual salary allowances of P50,000 and P70,000 respectively for Diaz and Manalo, 5% interest on original investments, and the remainder to be divided equally.

1. How much is the share of Diaz in the profit?

2. How much is the share of Manalo in the profit?

3. How much would be the capital balance of Diaz after the distribution of profit?

Reference no: EM133150950

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