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How much was allocated to lydia in total

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Lydia, James, and Lola's partnership calls for the following allocation of income: James and Lola are to receive lump sum salary payments of $50,000 each, Lydia and Lola are to receive interest of 5% of their ending capital balances, if there's a profit James is to receive a bonus equal to 10% of the profit, and any remaining income is to be split between Lydia, James, and Lola 40%, 20%, and 40% respectively.

Lydia, James, and Lola's ending capital balances were $100,000, $50,000, and $150,000 respectively. If there was a partnership net profit of $500,000, how much was allocated to Lydia in total?

Reference no: EM132344704

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