4. Stephanie Calamba and Allan Brillantes decided to form a partnership. They agreed that calamba will invest P200,000 a
Posted: Wed May 04, 2022 4:20 pm
4. Stephanie Calamba and Allan Brillantes decided to form a partnership. They agreed that calamba will invest P200,000 and Brillantes, P300,000. Calamba will devote full time to the business, and Brillantes on part-time only. Determine the partner's share if they agree to share P1,500,000, 10% interest on original investments, salary allowances of P340,000 to Calamba and P170,000 to Brillantes, 20% bonus to Calamba after bonus and the remainder equally. (2pts.)