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What amount of profit would be necessary

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Problem 1: Maxwell is trying to decide whether to accept a salary of ?40,000 or a salary of ?25,000 plus a bonus of 10% of profit after salaries and bonus, as a means of allocating profit among partners. Salaries traceable to the other partners are estimated to be ?100,000. What amount of profit would be necessary so that Maxwell would consider the choices to be equal?

Reference no: EM132808972

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