5. Marwell, partner to a firm, is trying to decide whether to accept a salary of...
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5. Marwell, partner to a firm, is trying to decide whether to accept a salary of P60,000 or a salary of P25,000 plus a bonus of 20% of net income after salaries and bonus as a means of allocating profit to him. What amount of income would Marwell be indifferent between the two alternatives? A. P35,000 B. P115,000 C. P175,000 D. P235,000 5. Marwell, partner to a firm, is trying to decide whether to accept a salary of P60,000 or a salary of P25,000 plus a bonus of 20% of net income after salaries and bonus as a means of allocating profit to him. What amount of income would Marwell be indifferent between the two alternatives? A. P35,000 B. P115,000 C. P175,000 D. P235,000
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