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What would be x and y share of a periodic net income

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Problem - X and Y invest $100,000 and $50,000 respectively in a partnership and agree to a division of net income that provides for an allowance of interest at 10% on original investments, salary allowances of $12,000 and $24,000 respectively, with the remainder divided equally. What would be X's & Y's share of a periodic net income of $50,000? Show computations.

Reference no: EM132978500

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