Allison and Josh are partners in a business. Allison's capital is $60,000, and Josh's capital is $100,000. Profits for the year are $80,000. They agree to share profits and losses as follows:

Allison's share of the profits before paying salaries and interest on capital is?

Answer rating: 100% (QA)

To calculate Allisons share of the profits before paying sa... View the full answer