On January 1, 2020, A and B have capital balances of P 200,000 and P 300,000...

 

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On January 1, 2020, A and B have capital balances of P 200,000 and P 300,000 respectively. On July 1,2020, A invests an additional P 10,000 and B withdraws P 11,600. Profits and losses are divided as follows: Each of the partners shall be given 3,000 monthly salary: - Interest of 12% on ending capital balances Bonus to B of 10% of profit after salary but before interest and bonus if profit exceeds 500,000 for the year. Any remainder is divided in the ratio of their capital balances at the start of the year. Revenues for the year totaled P1,000,000 and Expenses amounted 300,000 How much is B's share in net income/ net losses? (1 Point) 273,356.80 O263.356.80 436.643.20 473.356.80 On January 1, 2020, A and B have capital balances of P 200,000 and P 300,000 respectively. On July 1,2020, A invests an additional P 10,000 and B withdraws P 11,600. Profits and losses are divided as follows: - Each of the partners shall be given 3,000 monthly salary, - Interest of 12% on ending capital balances; - Bonus to B of 10% of profit after salary but before interest and bonus if profit exceeds 500,000 for the year. - Any remainder is divided in the ratio of their capital balances at the start of the year. Revenues for the year totaled P 1,000,000 and Expenses amounted to P 1,120,000. How much is B's share in the net income/net loss? (1 Point) (151.084.80) 436.643,20 (463.463.20) (80.476.80) On January 1, 2020, A and B have capital balances of P 200,000 and P 300,000 respectively. On July 1,2020, A invests an additional P 10,000 and B withdraws P 11,600. Profits and losses are divided as follows: Each of the partners shall be given 3,000 monthly salary: - Interest of 12% on ending capital balances Bonus to B of 10% of profit after salary but before interest and bonus if profit exceeds 500,000 for the year. Any remainder is divided in the ratio of their capital balances at the start of the year. Revenues for the year totaled P1,000,000 and Expenses amounted 300,000 How much is B's share in net income/ net losses? (1 Point) 273,356.80 O263.356.80 436.643.20 473.356.80 On January 1, 2020, A and B have capital balances of P 200,000 and P 300,000 respectively. On July 1,2020, A invests an additional P 10,000 and B withdraws P 11,600. Profits and losses are divided as follows: - Each of the partners shall be given 3,000 monthly salary, - Interest of 12% on ending capital balances; - Bonus to B of 10% of profit after salary but before interest and bonus if profit exceeds 500,000 for the year. - Any remainder is divided in the ratio of their capital balances at the start of the year. Revenues for the year totaled P 1,000,000 and Expenses amounted to P 1,120,000. How much is B's share in the net income/net loss? (1 Point) (151.084.80) 436.643,20 (463.463.20) (80.476.80)

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Answer Step 1 Introduction The partnership comes into existence when two or more persons agree to do ... View the full answer