Beau Dawson and Willow McDonald formed a partnership, investing $$108,000$ and $$162,000,$ respectively.

Determine their participation in the year's net income of $$108,000$ under each of the following independent assumptions:

No agreement concerning division of net income.

Divided in the ratio of original capital investment.

Interest at the rate of $5\%$ allowed on original investments and the remainder divided in the ratio of $2$:$3.$

Salary allowances of $$38,000$ and $$49,000,$ respectively, and the balance divided equally.

Allowance of interest at the rate of $5\%$ on original investments, salary allowances of $$38,000$ and $$49,000,$ respectively, and the remainder divided equally.

Answer rating: 100% (QA)

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