Business, 10.09.2020 01:01 mariahbrooks

Xavier and Yolonda have original investments of $100,000 and $50,000 respectively in a partnership. The articles of partnership include the following provisions regarding the division of net income: interest on original investment at 15%, salary allowances of $22,000 and $20,000 respectively, and the remainder equally. If the business has a net income of $90,000, how much of that should be allocated to Xavier?

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Xavier and Yolonda have original investments of $100,000 and $50,000 respectively in a partnership....

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