SOLUTION: scott, anne and jane form a parnership in which, scott invests $60,000. anne invests $40,000 and jane invests $70,000
a) scott and jane are each to receieve a salary of $20,000 ou
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Question 330473: scott, anne and jane form a parnership in which, scott invests $60,000. anne invests $40,000 and jane invests $70,000
a) scott and jane are each to receieve a salary of $20,000 out of the profit, while ther remaining profit is to be devided between the three in the ratio of their investments. find out how much each partner will receive in total if the profit is $125,000
b) anne suggests that she be paid a salary of $35000 and not share the profits. is anne better off with this suggestion? justify your answer with the calculations
Answer by mananth(16946) (Show Source): You can put this solution on YOUR website!
scott invests $60,000.
anne invests $40,000
jane invests $70,000
a) scott and jane each salary of $20,000 out of the profit,
profit is $125,000
Profit = $125,000
salary for Jane & Scot= $40,000
So balance to be distributed = 125,000-40,000=85,000
The ratio of their investments = 6:4:7 ( total 17 parts)
Scott will get 6/17 * 85000 = $ 30,000
..
Anne will get 4/17*85000 = $20,000
..
Jane will get 7/17*85000= $35,000
b) anne suggests that she be paid a salary of $35000 and not share the profits. is anne better off with this suggestion? justify your answer with the calculations
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