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How much of the total profit is anastasia is entitled

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Anastasia and Georgina are in partnership sharing profits and losses in the ratio 3:2. Georgina is entitled to a salary of $9,000 and interest on capital is paid at a rate of 8% per annum. The partners' capital balances are: Anastasia $75,000 Georgina $60,000 The partnership statement of profit or loss for the year shows a profit of $58,500.

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Problem 1: Calculate how much of the total profit is Anastasia is entitled to

Reference no: EM132745944

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