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Alex and Becky commenced a partnership under the name and style Lexy enterprises on $7^{st}$ January $2023.$ They contributed sh$.900000$ and sh$.480000$ as capital respectively.

The following additional information is provided

The firm's net profit for the year was Sh$.420840$

Alex and Becky were paid salaries amounting to sh$.90000$ and sh $60000$ respectively.

Their drawings amounted to sh$.13000$ and sh$.16400$ respectively

Interest on capital is to be allowed at $10\%$ per year.

Profits and losses are to be shared equally.

Required use the above information to compute

Compute the interest on capital Alex will earn

$$

Calculate Becky share of profit

$$Time left $1$:$59$:$29$

Question $1$

Not yet answered

Marked out of $3\mathrm{.}00$

Flag question

Alex and Becky commenced a partnership under the name and style Lexy enterprises on $7^{st}$ January $2023.$ They contributed sh$.900000$ and sh$.480000$ as capital respectively.

The following additional information is provided

The firm's net profit for the year was Sh$.420840$

Alex and Becky were paid salaries amounting to sh$.90000$ and sh $60000$ respectively.

Their drawings amounted to sh$.13000$ and sh$.16400$ respectively

Interest on capital is to be allowed at $10\%$ per year.

Profits and losses are to be shared equally.

Required use the above information to compute

Compute the interest on capital Alex will earn

$$

Calculate Becky share of profit

$$