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Alex and Brix are partners. A salary of P 50,000 is given to Alex and balance shall be divided equally. Assuming that profit is P 20,000, how much will Alex receive as share in the profit?
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- X, Y and Z are in partnership. X receives a salary of $14,000. If the profits for the year are $80,000 and the partners share profits equally, what is Y's share of the profits? A $14,000 B $22,000 C $26,000 D $26,667Anne is trying to decide whether to accept a salary of P80,000 or a salary of P50,000 plus a bonus of 10% of net income after salary and bonus as a means of allocating profit among the partners. Salaries traceable to the other partners are estimated to be P200,000. What amount of income would be necessary so that Anne would consider the choices to be equal?Pan and Sit share profits in the ration of 3:2. However, Pan is to receive a bonus of 20% of the profits, in addition to her profit share. The partnership made a profit for the year of P24,000 before the bonus. Assuming Pan's bonus is computed in profit after deducting said bonus, how much profit share will Sit receive?
- Tyrone is trying to decide whether to accept a salary ofP40,000 or a salary or P25,000 plus a bonus of 10% of net income after salaries and bonus as a way of dividing profits among the partners. Salaries traceable to the other partners is P100,000. What is the amount of income would make the choices equal?Partners angela and gabriel receive a salary allowance of 30,000 and 70,000, respectively, and agreed to share the remainder of profit equally. If the company earned 40,000 during the period how will the profit be distributed. Angela's?Gabriel's?Blake and Matthew are partners who agree that Blake will receive a $100,000 salary allowance and that any remaining income or loss will be shared equally. If Matthew’s capital account is credited for $2,000 as his share of the net income, how much net income did the partnership earn?
- ELISE and FIORA are considering forming a partnership whereby profits will beallocated through the use of salaries and bonuses. Bonuses will be 10% of net income after total salaries and bonuses. ELISE will receive a salary of P30,000 and a bonus. FIORA has the option of receiving a salary of P40,00 and a 10% bonus or simply receiving a salary of P52,000. Both partners will receive the same amount of bonus. Determine the level of net income that would be necessary so that FIORA would be indifferent to the profit sharing option selected.1. Dar and Ling share in the partnership’s profit in the ratio of 2:1, respectively. Darreceived P245,000 as his share. How much did Ling receive as her share?Partners A and B receive a salary allowance of $35,000 and $45,000, respectively, and share the remainder equally. If the company earned $50,000 during the period, what is the effect on A’s capital?
- How much will Mira receive if the net income earned is P 155,000? Using information in number 7, except that the company incurred net loss of P 9,200, compute for the share of each partner.partners De Guzman and Tugade receive a salary allowance of P30,000 and P70,000, respectively, and share the remainder equally. Ifthe company earned P40,000 during the period, what is the effect on Tugade’s Capital?Jill and Angela are partners in a clothing company. In 2020, if Jill and Angela made a profit of $176,000, how much should each receive from the profit in the absence of a partnership agreement? Jill: $ ; Angela: $