Singer and McMann are partners in a business. Singer's original capital was $43,100 and McMann's was $56,900. They agree

Business, Finance, Economics, Accounting, Operations Management, Computer Science, Electrical Engineering, Mechanical Engineering, Civil Engineering, Chemical Engineering, Algebra, Precalculus, Statistics and Probabilty, Advanced Math, Physics, Chemistry, Biology, Nursing, Psychology, Certifications, Tests, Prep, and more.
Post Reply
answerhappygod
Site Admin
Posts: 899603
Joined: Mon Aug 02, 2021 8:13 am

Singer and McMann are partners in a business. Singer's original capital was $43,100 and McMann's was $56,900. They agree

Post by answerhappygod »

Singer And Mcmann Are Partners In A Business Singer S Original Capital Was 43 100 And Mcmann S Was 56 900 They Agree 1
Singer And Mcmann Are Partners In A Business Singer S Original Capital Was 43 100 And Mcmann S Was 56 900 They Agree 1 (23.86 KiB) Viewed 48 times
Singer and McMann are partners in a business. Singer's original capital was $43,100 and McMann's was $56,900. They agree to salaries of $14,000 and $17,800 for Singer and McMann, respectively, and 10% interest on original capital. If they agree to share the remaining profits and losses on a 3:2 ratio, what will McMann's share of the income be if the income for the year is $55,900? a. $34,956 - Ob. $17,800 Oc. $23,490 Od. $29,130
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!
Top
Post Reply

Return to “Archived Questions & Answers”