Xavier and Yolanda have original investments of $46,700 and $103,500, respectively, in a partnership. The...
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Accounting
Xavier and Yolanda have original investments of $46,700 and $103,500, respectively, in a partnership. The articles of partnership include the following provisions regarding the division of net income: interest on original investment at 20%; salary allowances of $27,400 and $31,200, respectively; and the remainder to be divided equally. How much of the net income of $106,200 is allocated to Xavier?
a. $45,520
b. $36,740
c. $27,400
d. $54,624
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