eclipsemods2799 eclipsemods2799

23-12-2022
Business

Answered

singer and mcmann are partners in a business. singer's original capital was $39,300 and mcmann's was $51,900. they agree to salaries of $12,700 and $17,300 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 $60,200?

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