Xavier and Yolanda have original investments of $48,200 and $99,000, respectively, in a partnership. The...
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Accounting
Xavier and Yolanda have original investments of $48,200 and $99,000, 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 $25,900 and $29,000, respectively; and the remainder to be divided equally. How much of the net income of $111,700 is allocated to Yolanda? Oa. $62,480 Ob. $48,800 Oc. $74,976 Od. $19,800
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