Multiple Choice
Xavier and Yolanda have original investments of $50,000 and $100,000, respectively, in a partnership. The articles of partnership include the following provisions regarding the division of net income: interest on original investment at 10%; salary allowances of $38,000 and $28,000, respectively; and the remainder to be divided equally. How much of the net income of $77,000 is allocated to Yolanda?
A) $77,000
B) $38,000
C) $36,000
D) $44,000
Correct Answer:
Verified
Correct Answer:
Verified
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