Pat and Devin have decided to form a partnership. They have agreed that Pat is...
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Pat and Devin have decided to form a partnership. They have agreed that Pat is to invest $400,000 and Devin is to invest $100,000. Assume the partnership earned $100,000 during the year. How much will Pat receive if the agreement is interest of 12% on original investments, and the remainder equally? a) $32,000 b) $48,000 c) $68,000 d) $74,000 Question 36 (2.5 points) quad Saved Ann and Max have decided to form a partnership. They have agreed that Ann is to invest $400,000 and Max is to invest $100,000. Ann works half-time and Max works full-time. Assume net income for the partnership is $100,000
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