Problem 50: D and J are partners agreeing to allow an interest of 6% on the capital investment at the beginning of the y

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Problem 50: D and J are partners agreeing to allow an interest of 6% on the capital investment at the beginning of the y

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Problem 50 D And J Are Partners Agreeing To Allow An Interest Of 6 On The Capital Investment At The Beginning Of The Y 1
Problem 50 D And J Are Partners Agreeing To Allow An Interest Of 6 On The Capital Investment At The Beginning Of The Y 1 (73.43 KiB) Viewed 17 times
Problem 50: D and J are partners agreeing to allow an interest of 6% on the capital investment at the beginning of the year (300,000 and P230,000, respectively. And a monthly salary of P6,000 to D and J would be given an appropriate salary so that D will receive P58,100 at the end of the year. Any remaining balance will be shared by the partners equally. The first year of operation yielded a net income of P100,000. How much is the total salary allowance given for the year? a. P60,000 c. P31,800 d. P63,800 b. P132,000
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