Tyler Hawes and Piper Albright formed a partnership, investing $180,000 and $60,000, respectively.
Determine their participation in the year's net income of $295,000 under each of the following independent assumptions:
Tyler Hawes and Piper Albright formed a partnership, investing $180,000 and $60,000, respectively. Determine their participation...
1. Dividing Partnership Income Tyler Hawes and Piper Albright formed a partnership, investing $60,000 and $180,000, respectively. Determine their participation in the year's net income of $280,000 under each of the following independent assumptions: No agreement concerning division of net income. Divided in the ratio of original capital investment. Interest at the rate of 6% allowed on original investments and the remainder divided in the ratio of 2:3. Salary allowances of $34,000 and $45,000, respectively, and the balance divided equally....
Dividing Partnership Income Tyler Hawes and Piper Albright formed a partnership, investing $180,000 and $60,000, respectively. Determine their participation in the year's net income of $270,000 under each of the following independent assumptions: No agreement concerning division of net income. Divided in the ratio of original capital investment. Interest at the rate of 5% allowed on original investments and the remainder divided in the ratio of 2:3. Salary allowances of $40,000 and $46,000, respectively, and the balance divided equally. Allowance...
Dividing Partnership Income Tyler Hawes and Piper Albright formed a partnership, investing $180,000 and $60,000, respectively. Determine their participation in the year's net income of $295,000 under each of the following independent assumptions: No agreement concerning division of net income. Divided in the ratio of original capital investment. Interest at the rate of 6% allowed on original investments and the remainder divided in the ratio of 2:3. Salary allowances of $34,000 and $48,000, respectively, and the balance divided equally. Allowance...
2. Dividing Partnership Income Tyler Hawes and Piper Albright formed a partnership, investing $120,000 and $180,000, respectively. Determine their participation in the year's net income of $110,000 under each of the following independent assumptions: No agreement concerning division of net income. Divided in the ratio of original capital investment. Interest at the rate of 6% allowed on original investments and the remainder divided in the ratio of 2:2. Salary allowances of $40,000 and $46,000, respectively, and the balance divided equally....
2. Dividing Partnership Income Tyler Hawes and Piper Albright formed a partnership, investing $120,000 and $180,000, respectively. Determine their participation in the year's net income of $110,000 under each of the following independent assumptions: No agreement concerning division of net income. Divided in the ratio of original capital investment. Interest at the rate of 6% allowed on original investments and the remainder divided in the ratio of 2:2. Salary allowances of $40,000 and $46,000, respectively, and the balance divided equally....
Dividing Partnership Income Tyler Hawes and Piper Albright formed a partnership, investing $180,000 and $60,000, respectively. Determine their participation in the year's net income of $280,000 under each of the following independent assur a. No agreement concerning division of net income. b. Divided in the ratio of original capital investment. C. Interest at the rate of 6% allowed on original investments and the remainder divided in the ratio of 2:3. d. Salary allowances of $38,000 and $45,000, respectively, and the...
Dividing Partnership Income Tyler Hawes and Piper Albright formed a partnership, investing $120,000 and $180,000, respectively. Determine their participation in the year's net income of $280,000 under each of the following independent assumptions: a. No agreement concerning division of net income. b. Divided in the ratio of original capital investment. c. Interest at the rate of 6% allowed on original investments and the remainder divided in the ratio of 2:3. d. Salary allowances of $40,000 and $45,000, respectively, and the...
Tyler Hawes and Piper Albright formed a partnership, investing $70,000 and $210,000, respectively. Determine their participation in the year's net income of $108,000 under each of the following independent assumptions: No agreement concerning division of net income. Divided in the ratio of original capital investment. Interest at the rate of 6% allowed on original investments and the remainder divided in the ratio of 2:2. Salary allowances of $34,000 and $46,000, respectively, and the balance divided equally. Allowance of interest at...
Tyler Hawes and Piper Albright formed a partnership, investing $360,000 and $180,000, respectively. Determine their participation in the year's net income of $240,000 under each of the following independent assumptions: a. No agreement concerning division of net income. b. Divided in the ratio of original capital investment. c. Interest at the rate of 10% allowed on original investments and the remainder divided in the ratio of 2:3. d. Salary allowances of $86,000 and $118,000, respectively, and the balance divided equally....
Dividing Partnership Income Tyler Hawes and Piper Albright formed a partnership, investing $116,000 and $174,000, respectively. Determine their participation in the year's net income of $280,000 under each of the following independent assumptions: No agreement concerning division of net income. Divided in the ratio of original capital investment. Interest at the rate of 6% allowed on original investments and the remainder divided in the ratio of 2:3. Salary allowances of $40,000 and $46,000, respectively, and the balance divided equally. Allowance...