Tyler hawes and piper albright formed a partnership, investing $210,000 and $70,000, respectively. determine their participation in the year’s net income of $290,000 under each of the following independent assumptions: no agreement concerning division of net income. divided in the ratio of original capital investment. interest at the rate of 5% allowed on original investments and the remainder divided in the ratio of 2: 3. salary allowances of $36,000 and $45,000, respectively, and the balance divided equally. allowance of interest at the rate of 5% on original investments, salary allowances of $36,000 and $45,000, respectively, and the remainder divided equally.

Tyler year-end capital account 373,500

Piper year-end capital account 196,500

Explanation:

income 290,000

interest:  (14,000)     (210,000 x 5% + 70,000 x 5%)

salaries:  (81,000)     (36,000 + 45,000)

remainder 195,000

Tyler:

210,000 + 5% interest + 36,000 salary + 195,000 x 3/5 = 373.500‬

Piper

70,000 + 5% interest  + 45,000 salary + 195,000 x 2/5 = 196,500

the most important factor in the

work process or industry is to retain the interest of the employee. and to

retain them, their salary or profit must be adjusted to the best value. unless

the employee does not do his job properly, employees must receive bonuses or

benefits to ensure them to stay in the company. it will actually make them stay

longer, make them feel important and reduce costs for hiring new employees.

explanation:

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