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What level of income will make Pedro indifferent

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Q1. On December 1, 2022, Juan and Pedro formed a partnership. Juan invested land with a cost of P250,000. Pedro invested P50,000 cash. On the date of formation, the land was sold for P50,000. They agreed to share profits and losses in the ratio of 2:3 to Juan and Pedro, respectively. What is the capital balance of Juan after partnership formation?

Q2. Juan and Pedro considered dividing profits by making use of salaries and bonuses. Bonuses will be 10% of the net income after salaries and bonuses. Juan will receive a salary of P30,000 and a bonus. Pedro has the option of receiving a salary of P40,000 and a 10% bonus or a salary of P52,000. What level of income will make Pedro indifferent?

Reference no: EM133129637

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