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How much was the share of profit to Horeria

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Reference no: EM133020248

Question - Horeria and Situma are in partnership sharing profits in a 3:2 ratio. Net profit for the year ended 31.12.2020 was $12,000. Interest on capital was allocated as $400 to Horerua and $250 to Situma. Situma also received a salary of $5,000. How much was the share of profit to Horeria?

A. $4950

B. $3810

C. $2540

D. $3060

Reference no: EM133020248

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