The second question: a, b, c are partners in a partnership company. The companys contract...
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The second question: a, b, c are partners in a partnership company. The companys contract provides for the distribution of profits and losses among the partners, respectively: 1. Partner A will receive an annual salary of 7,000 dinars. 2. Partner B receives a bonus of 15% of the company's profits after deducting Partner A's salary. 3. Interest is calculated on the capital at a rate of 8% annually on the average capital, if the average capital of the partners is 40,000 dinars, 60,000 dinars, and 90,000 dinars, respectively. 4. Interest on withdrawals shall be calculated at the rate of 10% annually, if the partners' withdrawals are as follows: 1/4/2020 Partner A withdrew 3,000 dinars. 1/9/2020 Partner A withdrew 1,500 dinars. 1/7/2020 Partner C withdrew an amount of 4,000 dinars. 10/1/2020 The partner withdrew an amount of 2,000 dinars. 5. The rest of the profits and losses shall be distributed equally among the partners. Required: Determine the share of each partner in the profits and losses if the profits for the year 2020 amount to 30,000 dinars.
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