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Business, 28.05.2020 05:01 savvaggeb

Singer and McMann are partners in a business. Singer's original capital was $36,200 and McMann's was $53,200. They agree to salaries of $12,900 and $18,500 for Singer and McMann, respectively, and 10% interest on original capital. If they agree to share the remaining profits and losses in a 3:2 ratio, what will Singer's share of the income be if the income for the year is $71,600?

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Singer and McMann are partners in a business. Singer's original capital was $36,200 and McMann's was...
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