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Problem 1: Partners Lazaro and Orlando share profits in a 2:1 ratio respectively. Each partner receives an annual salary allowance of 12,000. If the salaries are recorded in the accounts of the partnership as an expense rather than treated as an allocation of profit, the total amount allocated to each partner for salaries and net profit would be:
a. less for both Orlando and lazaro
b. unchanged for both lazaro and orlando
c. more for lazaro and less for orlando
d. more for Orlando and less for Lazaro
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ABC Company announced today, How much are you willing to pay to buy one share of this stock today if your desired rate of return is 8.0 percent?
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