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What amount of income would be necessary

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Question - Gerald is trying to decide wheter to accept a salary of P40,000 or a salary of P25,000 plus a bonus of 10% of net income after salary and bonus as a means of allocating profit among partners. Salaries traceable to the other partners are estimated to be P100,000. What amount of income would be necessary so that Lancelot would consider the choices to be equal?

Reference no: EM132946955

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