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Xavier And Yolonda Have Original Investments Of $50,000 And $100,000

Submitted by • December 10, 2018

Xavier and Yolonda have original investments of $50,000 and $100,000 respectively in a partnership. The articles of partnership include the following provisions regarding the division of net income: interest on original investment at 15%, salary allowances of $22,000 and $20,000 respectively, and the remainder equally. How much of the net income of $90,000 is allocated to Xavier?Answer$30,250$47,750$45,000$42,2502 points Question 2 Xavier and Yolonda have original investments of $50,000 and $100,000 respectively in a partnership. The articles of partnership include the following provisions regarding the division of net income: interest on original investment at 10%, salary allowances of $27,000 and $18,000 respectively, and the remainder equally. How much of the net income of $40,000 is allocated to Xavier?Answer$20,000$22,000$32,000$02 points Question 3 Which of the following below is not one of the four major forms of business entities that are discussed in this chapter?Answer Sole p

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Voted by Simon Brooke

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