# Dividing Partnership Income Beau Dawson and Willow McDonald formed a partnership, investing $187,500 and$62,500, respectively. Determine their participation in the year's net income of $300,000 under each of the following independent assumptions: a. No agreement concerning division of net income. b. Divided in the ratio of original capital investment. c. Interest at the rate of 5% allowed on original investments and the remainder divided in the ratio of 2:3. d. Salary allowances of$38,000 and $49,000, respectively, and the balance divided equally. e. Allowance of interest at the rate of 5% on original investments, salary allowances of$38,000 and $49,000, respectively, and the remainder divided equally. Dawson McDonald$     $Question Dividing Partnership Income Beau Dawson and Willow McDonald formed a partnership, investing$187,500 and $62,500, respectively. Determine their participation in the year's net income of$300,000 under each of the following independent assumptions:

a. No agreement concerning division of net income.
b. Divided in the ratio of original capital investment.
c. Interest at the rate of 5% allowed on original investments and the remainder divided in the ratio of 2:3.
d. Salary allowances of $38,000 and$49,000, respectively, and the balance divided equally.
e. Allowance of interest at the rate of 5% on original investments, salary allowances of $38,000 and$49,000, respectively, and the remainder divided equally.

 Dawson McDonald