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resource from Cengage /takeAssignmentMain.dožinvoker-assignments&takeAssignmentSessionLocator; assignment ta Learning Google Chrome ke&inprogress-false; D- Show Me How Caaltor Print nen Dlviding Partnership Income and Greene have decided to form a partnership. They have agreed that Morrison is to invest $219,000 and that Greene is to invest $73,000. Morrison is to devote one-half time to the business nd Greene is to devote full time. The following plans for the divion of income are being considered: a. Equal division. b. In the ratio of orlginal investments. c. In the ratio of time devoted to the business. d. Interest of 5% on original investments and the remainder eQBahy e. Interest of on original investments, salary allowances of $45,000 to Morrison and $80,000 to Greene, and the remainder equally f.Plan (e), except that Greene is also to be allowed a bonus equal to 20% of the amount by which net income coeds the total salary alowances Required: For each plan, determine the division of the net income under each of the follonling assumptions: (1) net iscome of $145,000 and (2) net income ot $245,000. Round answers to the nearest whole dollar $145,000 $245,000 Plan Morrison Morrison Greene d. heck My Work s more Check My Work uses remaning NextExplanation / Answer
Morrison & Green 1 2 $145000 $245000 Morrison Green Morrison Green Remarks a 72500 72500 122500 122500 Equally b 108750 36250 183750 61250 Investment c 48333 96667 81667 163333 Time d 76150 68850 126150 118850 Interest+equally e 58650 86350 108650 136350 Interest+Salary+Equally f 56650 88350 96650 148350 Interest+Salary+Bonus+equally We appreciate the rating of our answers Thank You
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