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Problem #14 Distribution of Profits or Losses Based On Partners' Agreement

The partners agreed that: - Buenviaje contributed $400,000 and Refozar contributed $600,000 originally - Salaries would be $360,000 for Buenviaje and $480,000 for Refozar - Interest on capital would be 10% for each, and remaining profits/losses would be split 2/3 for Buenviaje and 1/3 for Refozar

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4K views1 page

Problem #14 Distribution of Profits or Losses Based On Partners' Agreement

The partners agreed that: - Buenviaje contributed $400,000 and Refozar contributed $600,000 originally - Salaries would be $360,000 for Buenviaje and $480,000 for Refozar - Interest on capital would be 10% for each, and remaining profits/losses would be split 2/3 for Buenviaje and 1/3 for Refozar

Uploaded by

spp
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Problem #14

Distribution of Profits or Losses Based on Partners’ Agreement

Buenviaje and Refozar are partners in a business. Buenvija’s original capital contribution was P400000, and Refozar was
P600000. They agreed to share profits and losses as follows:

Buenviaje Refozar
As salaries P360000 P480000
As interest on original capital 10% 10%
Remaining profits or losses 2/3 1/3
Calculate each partners’ share of profits and losses, assuming: (a) profit was P1000000, (b) profit was P700000, and (c)
loss was P80000
  Buenviaje Refozar Total
400000.0 600000.0 1000000.0
original capital contribution 0 0 0
360000.0 480000.0
salaries 0 0 840000.00
interest 40000.00 60000.00 100000.00
remainder 40000.00 20000.00 60000.00
440000.0 560000.0 1000000.0
profit 0 0 0

  Buenviaje Refozar Total


400000.0 600000.0 1000000.0
original capital contribution 0 0 0
360000.0 480000.0
salaries 0 0 840000.00
interest 40000.00 60000.00 100000.00
160000.0
remainder 0 -80000.00 -240000.00
240000.0 460000.0
profit 0 0 700000.00

  Buenviaje Refozar Total


400000.0 600000.0 1000000.0
original capital contribution 0 0 0
360000.0 480000.0
salaries 0 0 840000.00
interest 40000.00 60000.00 100000.00
680000.0 340000.0 1020000.0
remainder 0 0 0
280000.0 200000.0
profit 0 0 -80000.00

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