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Singer and McMann are partners in a business. Singer's original capital was $43,100 and McMann's was $56,900. They agree
Posted: Sun Jun 05, 2022 8:10 pm
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 (23.86 KiB) Viewed 50 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