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