Fred and Barney started a partnership. During Year 1, Fred invested $13,500 in the business and Barney invested $22,000. The partnership agreement called for each partner to receive an annual distribution equal to $12% of his capital contribution. Any further earnings were to be retained in the business and divided equally between the partners. The partnership reported net income of $31,000 during Year 1. How will the $31,000 of net income be split between Fred and Barney respectively
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Ответ:
Fred; $14,990
Barney; $16,010
Explanation:
Each partner will receive 12% of their investment.
Fred will therefore receive,
= 12% * 13,500
= $1,620
Barney will receive,
= 12% * 22,000
= $2,640
Adding both these figures gives,
= 1,620 + 2,640
= $4,260
This figure needs to be subtracted from the income and then the rest will be split equally.
=31,000 - 4,260
= $26,740
= 26,740/ 2
= $13,370
Each partner is to get $13,370 extra.
Fred gets,
= 1,620 + 13,370
= $14,990
Barney gets,
= 2,640 + 13,370
= $16,010
Ответ:
hola
Explanation: