Bill and Bob share profits of their partnership in the ratio of 6:1 respectively. If...
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Accounting
Bill and Bob share profits of their partnership in the ratio of 6:1 respectively. If the net income of the firm is $29,000, calculate the share of Bill's net income.
A.
$4,143
B.
$20,714
C.
$29,000
D.
$24,857
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