1. Business partners AC, Ian and KR agreed to divide their profit in the ratio 2:4:8. If AC received Php275,000 worth of profit, how much profit did Ian and KR receive
1. Business partners AC, Ian and KR agreed to divide their profit in the ratio 2:4:8. If AC received Php275,000 worth of profit, how much profit did Ian and KR receive
Chapter11: Partnerships: Distributions, Transfer Of Interests, And Terminations
Section: Chapter Questions
Problem 31P
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ANSWER THE FOLLOWING:
1. Business partners AC, Ian and KR agreed to divide their profit in the ratio 2:4:8. If AC received Php275,000 worth of profit, how much profit did Ian and KR receive?
2. Ronald and Dhez of Casa Astorga's Real Estate Brokers sold a house and lot for Php47,500,000. The commission was 5% of the sale price. Ronald receives 30% of the commission while Dhez receives the remainder. Calculate the commission that Dhez received.
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ISBN:
9780357109731
Author:
Hoffman
Publisher:
CENGAGE LEARNING - CONSIGNMENT