SkirrtCrackers
SkirrtCrackers
25.01.2022 • 
Mathematics

Steve Conyers and Chelsy Poodle formed a partnership, dividing income as follows: Annual salary allowance to Conyers of $194,700. Interest of 6% on each partner's capital balance on January 1. Any remaining net income divided to Conyers and Poodle, 1:2. Conyers and Poodle had $81,000 and $81,000, respectively, in their January 1 capital balances. Net income for the year was $330,000. Required: How much net income should be distributed to Conyers and Po

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