Profit sharing to the Andara firm which got a loss of IDR 15,820,800, - which is a must borne by Sani, Rina and Tika as allies involved. Profit formation and sharing in accordance with the agreement are as follows; 1. Tika's share is 20% of profit / loss 2. Sani and Rina get interest for the initial capital of IDR 2,500,000 3. Sani gets a salary of IDR 100,000 / month and Rina IDR 150,000 / month 4. The remainder is divided equally among Sani and Rina. Calculate the total partnership capital based on the profit sharing at the Andara firm!

Profit sharing to the Andara firm which got a loss of IDR 15,820,800, - which is a must borne by Sani, Rina and Tika as allies involved. Profit formation and sharing in accordance with the agreement are as follows; 1. Tika's share is 20% of profit / loss 2. Sani and Rina get interest for the initial capital of IDR 2,500,000 3. Sani gets a salary of IDR 100,000 / month and Rina IDR 150,000 / month 4. The remainder is divided equally among Sani and Rina. Calculate the total partnership capital based on the profit sharing at the Andara firm!

SWFT Corp Partner Estates Trusts

42nd Edition

ISBN:9780357161548

Author:Raabe

Publisher:Raabe

Chapter13: Comparative Forms Of Doing Business

Section: Chapter Questions

Problem 47P

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Profit sharing to the Andara firm which got a loss of Rp. 15,820,800, - which is a mustborne by Sani, Rina and Tika as allies involved. Profit formation and sharingin accordance with the agreement are as follows;1. Tika's share is 20% of profit / loss2. Sani and Rina get interest for the initial capital of IDR 2,500,0003. Sani gets a salary of IDR 100,000 / month and Rina IDR 150,000 / month4. The remainder is divided equally among Sani and Rina. Calculate the total partnership capital based on the profit sharing at the Andara firm!
The partners of Dan and Ken are engaged in trading. Dan’s original capital was P40,000 and Ken ‘s was P60,000. They agreed to share profits and losses as follows: Dan Ken Salaries Php28,000 Php40,000 Interest on original capital 10% 10% Balance 30% 70% _______ If the losses for the year were P20,000, what share of the loss would Ken receive? a.P2,600 c. ( P2,600) b.(P22,600) d. P5,200
THEY APPOINTED MARAWI AS MANAGING PARTNER, WHO WILL RECEIVE A SALARY OF P 10,000 PER MONTH. MITOR WILL BE AN INDUSTRIAL PARTNER WHO WILL RECEIVE A JUST SUM OF 10% OF THE NET PROFITS. MISERIA ON THE OTHER HAND , CHOSE TO BE A LIMITED PARTNER AND THE LIQUIDATING PARTNER. THE PROFITS WILL BE DIVIDED ACCORDING TO THEIR CAPITAL CONTRIBUTION AFTER DEDUCTING THE SALARIES OF MANAGING PARTNER MARAWI AND 10% SHARE OF MITOR. REQUIRED: Prepare the Consolidated Journal Entry
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THEY APPOINTED MARAWI AS MANAGING PARTNER, WHO WILL RECEIVE A SALARY OF P 10,000 PER MONTH. MITOR WILL BE AN INDUSTRIAL PARTNER WHO WILL RECEIVE A JUST SUM OF 10% OF THE NET PROFITS. MISERIA ON THE OTHER HAND , CHOSE TO BE A LIMITED PARTNER AND THE LIQUIDATING PARTNER. THE PROFITS WILL BE DIVIDED ACCORDING TO THEIR CAPITAL CONTRIBUTION AFTER DEDUCTING THE SALARIES OF MANAGING PARTNER MARAWI AND 10% SHARE OF MITOR. REQUIRED: JOURNALIZE THE INITIAL INVESTMENTS OF 4 MARIAS LAUNDRY SHOP LTD. (ASSUMING ALL EXPENSES WERE PAID IN CASH AND THE BUSINESS OPERATED FOR 12 MONTHS)
Singer and McMann are partners in a business. Singer's original capital was $40,000 and McMann's was $60,000. They agree to salaries of $12,000 and $18,000 for Singer and McMann, respectively, and 10% interest on original capital. If they agree to share the remaining profits and losses in a 3:2 ratio (3/5 to Singer and 2/5 to McMann), what will Singer's share of the income (loss) be if the net loss for the year is $(10,000)?
Galang and Hizon are partners who have capitals of P600,000 and P480,000 sharing profits in the ratio of 3:2. Isleta is admitted as a partner upon investing P500,000 for a 25% interest in the firm, profits to be shared equally. Given the choice between asset revaluation and bonus methods, Isleta will Group of answer choices Be indifferent because the asset revaluation and bonus methods are the same Prefer asset revaluation method due to Isleta’s gain of P140,000 Prefer bonus method due to Isleta’s gain of P35,000 Prefer bonus method due to Isleta’s gain of P140,000
AB Partnership's operation for the year 2022 resulted in a profit of P240,000. Their profit sharing agreement provided the following: a. Salaries of P5,000 and P15,000 is to be given to A and B respectively; fres A fr free b. 10% of profit after salaries and bonus is to be given to Partner B; c. The balance is to be divided using the 7:3 ratio, respectively. How much profit is to be allocated to B?
Partners De Guzman and Tugade receive a salary allowance of P30,000 and P70,000, respectively, and share the remainder equally. If the company earned P40,000 during the period, what is the effect on Tugade’s capital? a.P30,000 decrease b.P40,000 increasec. c.P50,000 increased. d.P90,000 increase
Jpea, Jic, and Jfenix formed a partnership and named it ESBIEYEY. At the end of the year, the partnership earned a profit of P 1,000,000. The capital balances are P250,000, P280,000, and P270,000 for Jpea, Jic, and Jfenix, respectively. The partners agreed to distribute the profit as follows: Interest to ending capital of 10% will be given Jpea and Jic will be given a salary amounting to P 150,000 each Jfenix will be given a bonus of 10% of net income after interest, salary and bonus Remaining profit is to be distributed equally How much is the bonus given to Jfenix? A. P 67,000 B. P 62,000 C. P 56,364 D. P 60,909 How much is Jpea’s share in net income? A. P 365,879 B. P 360,879 C. P 362,879 D. P 364,879 How much is Jic’s share in net income? A. P 360,879 B. P 362,879 C. P 364,879 D. P 365,879