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Business, 16.04.2020 04:46 SxloGxd

Xavier and Yolanda 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 20%; salary allowances of $27,000 and $18,000, respectively; and the remainder to be divided equally.

How much of the net income of $81,000 is allocated to Xavier?

a. $40,000

b. $3,000

c. $77,500

d. $78,500

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