this is the sample format for the solution

.

4.36. Hunt, Rob, Thurman, and Kelly own publishingcompany that they operate an a partnership. The partnership ingreement include the following Hunt molves a salary or p 20,000 and a bonus or of income after all bonus Rob receives a salary of P 10,000 and a bonus of 29 of income alter all anunci All partners are to receive 10% interest on their average capital balances The average capital balances are the follows. Hunti.... ***** P 50,000 Rob... P45,000 Thurman . ... P20,000 Kelly P 47,000 Any remaining profits and loss are to be divided equally are to be divided equally among the partners Determine how a profit of P 105,000 would be allocated among the partner, 144 Hunt, P 41,450, Rob, P 29,950: Thurman, P15,450; Kelly, P 18,150 b. Hunt, P 28.000: Rob, P 16,500, Thurman, P 2,000; Kelly, P 4.700 c. Hunt P 39.700; Rob, P 29,200, Thurman, P 16,700; Kelly, P 19,400 d. Cannot be determined Solution: 1.200 D 1.00 S Balance 302 Auditional profit 2.000 5.000 5,000 31000 5,000 Total 0,000 8.000 16.666 2567 32,333 3.333 3,333 123.0 940 6000 A: P 50,000 x 5% -2,500 55: P 35,000 x 5% -1.250 P 25,000 x 5% -1,250 D: 20,000 x 5% -1,6X0 Forst, determine who among the partners will fixed amount, then compute for the residual amount .. for AA P12,500 - P2,500 - 15,000 resulting to a stare in the residual profit or 5,000 share in rechal profit of AA representat 30%, therefore cupitilize 5,000 by 30% to irrive at 16,666 which will be allocated to all partners based on their profit and loss ratio Sernd, determine who among the partners will retive a minimum amount Any partner who receives an amount lower than the minimum amount in required to have an additional profit, l.c. for partner DD, which in DD's 1,67 in needed to satisfy the minimum amount provided therein Any partner who receive an amount equal or more than the minimum amount obviously does not need an additional profit. 3. 33. The same information in Number 32, except the partnership had a loss of P 125,624 after the interest and salaries to partners, by what amount should BB's capital count change-increase (decrease) - P(115,443) bp 23.865 c P41,875) d P[15,010) Solution: d AA BB Totul 10% interest on average capital 47,250 22,865 16,235 87,350 Salaris 122,325 82,625 204,950 41.875 1875 (41 874 (125,624 85,200 (18,010) 56,985 166,676 ==== Not rounded due to discrepancy of P! 4.36. C, PP, und A, accountants, agree to forma partnership and to share prolit in the nitia of 5:32. They also agreed that AA is to be allowed a salary of P28,000, and that PP is to be guaranteed P21,000 as his share of the profits. During the first year of operation, income from fees are P 180.000, while expenses total 96,000. What amount of net income should be credited to each partner's capital account? C, P 28.000, PP.P 16,800, AA, P.11.200 ho, P25,000, PP, P 21,000, AA, P35,000 Balance sually