Business, 22.06.2019 15:50 jackievelasquez7881

Singer and mcmann are partners in a business. singer’s original capital was $40,000 and mcmann’s was $60,000. they agree to salaries of $12,000 and $18,000 for singer and mcmann respectively and 10% interest on original capital. if they agree to share remaining profits and losses on a 3: 2 ratio, what will mcmann’s share of the income be if the income for the year was $15,000?

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Singer and mcmann are partners in a business. singer’s original capital was $40,000 and mcmann’s was...

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