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    PROBLEM 13 Distribution of Profits or Losses Based On Partner's Agreement

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    Rea Panganiban
    The document describes how profits and losses are distributed between three partners - Pasia, Te, and Ocenar - based on their agreement. Pasia, Te, and Ocenar each receive a salary of P70,000 and 15% interest on their investments of P200,000, P100,000, and P400,000 respectively. Any remaining profits of P405,000 are divided between the partners in a 4:3:2 ratio. Under these terms, Ocenar's account would increase by P150,000.

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    PROBLEM 13 Distribution of Profits or Losses Based On Partner's Agreement

    Uploaded by

    Rea Panganiban
    435 views1 page
    The document describes how profits and losses are distributed between three partners - Pasia, Te, and Ocenar - based on their agreement. Pasia, Te, and Ocenar each receive a salary of P70,000 and 15% interest on their investments of P200,000, P100,000, and P400,000 respectively. Any remaining profits of P405,000 are divided between the partners in a 4:3:2 ratio. Under these terms, Ocenar's account would increase by P150,000.

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    PROBLEM 13 Distribution of Profits or Losses Based on Partner's Agreement

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    The document describes how profits and losses are distributed between three partners - Pasia, Te, and Ocenar - based on their agreement. Pasia, Te, and Ocenar each receive a salary of P70,000 and 15% interest on their investments of P200,000, P100,000, and P400,000 respectively. Any remaining profits of P405,000 are divided between the partners in a 4:3:2 ratio. Under these terms, Ocenar's account would increase by P150,000.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    435 views1 page

    PROBLEM 13 Distribution of Profits or Losses Based On Partner's Agreement

    Uploaded by

    Rea Panganiban
    The document describes how profits and losses are distributed between three partners - Pasia, Te, and Ocenar - based on their agreement. Pasia, Te, and Ocenar each receive a salary of P70,000 and 15% interest on their investments of P200,000, P100,000, and P400,000 respectively. Any remaining profits of P405,000 are divided between the partners in a 4:3:2 ratio. Under these terms, Ocenar's account would increase by P150,000.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 1

    PROBLEM 13: Distribution of Profits or Losses based on Partner’s Agreement

    Pasia, Te, Ocenar each receive a P70,000 salaries, as well as 15% interest on their
    respective average investments of P200,000, P100,000, and P400,000. If they share remaining
    profits and losses in a 4:3:2 ratios, respectively, by how much would Ocenar account increase
    or decrease (indicate a decrease by placing parentheses), assuming:
    a. Profit of P405,000

    PASIA TE OCENAR TOTAL


    Salaries P70,000 P70,000 P70,000 P210,000
    15% interest P30,000 P15,000 P60,000 P105,000
    Pasia: P200,000 x 15%
    Te: P100,000 x 15%
    Ocenar: P400,000 x 15%
    Remaining Profits to be P40,000 P30,000 P20,000 P90,000
    divided (4:3:2)
    P405,000 – P315, 000
    Pasia: P90,000 x 4/9
    Te: P90,000 x 3/9
    Ocenar: P90,000 x 2/9
    Share of Partner’s P140,000 P115,000 P150,000 P405,000
    Profit

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