Question: 3 3 points Save Answer Ayah and Sara are partners in Friends Partnership. Ayah invests $250,000 and Sara invests $450,000. They agree to grant salary
3 3 points Save Answer Ayah and Sara are partners in Friends Partnership. Ayah invests $250,000 and Sara invests $450,000. They agree to grant salary allowance of $40,000 to Ayah and $60,000 to Sara, an 10% interest allowance on beginning capital balances and to share any remaining income or loss equally. Friend partnership reports net income of $200,000 for this year Required: Use the above information and determin how much Ayah and Sara will receive. PLEASE: WRITE THE FINAL AMOUNT TO BE GIVEN TO EACH PARTNER. DO NOT USE: "$" or ".". For example, if the answer is $10,000 for Ayah and $15,000 for Sara, you MUST write in the following form: 10000 15000 Activate Windo
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
