Reference no: EM133106762
Question 1 - Juan and Pedro have the following transactions during the year:
Juan -
Beginning capital - 01/01/2022 - 1,000,000
Debit - - 08/01/2022 - 300,000
Debit - - 09/01/2022 - 800,000
Credit - - 10/30/2022 - 900,000
Credit - - 04/01/2022 - 70,000
Pedro -
Beginning capital - 01/01/2022 - 700,000
Debit - - 09/01/2022 - 100,000
Debit - - 05/30/2022 - 90,000
Credit - - 11/30/2022 - 500,000
Credit - - 06/30/2022 - 100,000
What is the ratio of Juan's share in income if the partnership calls for profit sharing equivalent to the average capital ratio?
Question 2 - Juan and Pedro are contemplating on the profit-sharing strategy of the partnership. However, the selected modes of profit distribution vary according to their level of income. Pedro was offered a salary of P50,000 or a salary of P20,000 plus a bonus of 15% of net income after salary and bonus. Per estimate, other partners were to receive also a salary amounting to P150,000. What income level would result to indifference on Pedro?
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