Solution-How much of the net income is allocated to Yolanda

How much of the net income is allocated to Yolanda

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Question - Xavier and Yolanda have original investments of $54,100 and $103,500, respectively, in a partnership. The articles of partnership include the following provisions regarding the division of net income: interest on original investment at 20%; salary allowances of $25,600 and $29,800, respectively; and the remainder to be divided equally. How much of the net income of $109,500 is allocated to Yolanda?

Reference no: EM132637241

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How much of the net income is allocated to Yolanda : Xavier and Yolanda have original investments of $54,100 and $103,500, How much of the net income of $109,500 is allocated to Yolanda

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How much of the net income is allocated to Yolanda

Reference no: EM132637241

Reference no: EM132637241

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