Xavier and Yolonda have original investments of $50,000 and $100,000 respectively in apartnership. The articles of partnership include the following provisions regarding the division ofnet income: interest on original investment at 10%, salary allowances of $27,000 and $18,000respectively, and the remainder equally. How much of the net income of $40,000 is allocated toXavier?21.a. $20,000b. $22,000c. $32,000d. $0ModerateOBJ: LO: 12-02DIF:PTS: 1ANS: BKEY: Bloom's: ApplicationNAT: BUSPROG: Analytic

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Asked Dec 5, 2019
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Xavier and Yolonda 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 $27,000 and $18,000
respectively, and the remainder equally. How much of the net income of $40,000 is allocated to
Xavier?
21.
a. $20,000
b. $22,000
c. $32,000
d. $0
Moderate
OBJ: LO: 12-02
DIF:
PTS: 1
ANS: B
KEY: Bloom's: Application
NAT: BUSPROG: Analytic
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Xavier and Yolonda 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 $27,000 and $18,000 respectively, and the remainder equally. How much of the net income of $40,000 is allocated to Xavier? 21. a. $20,000 b. $22,000 c. $32,000 d. $0 Moderate OBJ: LO: 12-02 DIF: PTS: 1 ANS: B KEY: Bloom's: Application NAT: BUSPROG: Analytic

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