ACC 205 Week 4 Assignment Q#3Martin
Income distribution (Different arrangements):
- 1. Income
distribution: Different arrangements. Frank,
Gatti, and Hogan recently invested 530,000 each and formed the Apex
partnership. During the first year of operation, the business generated a net
income of $39,000. Determine the proper division of income among the partners
for the following independent cases:
Income is divided on
the basis of a ratio of the beginning capital investments.
2)Partners are allowed12% interest on their investments; the remaining profits and losses are allocated on a 6:1:3 basis.
3)Frank and Hogan each receive salary allowances of $24,000 per year; the remaining profits and losses are shared equally.
= 521,000/3 = 173,666
- 8 years ago
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