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29 June, 21:03

The average capital investments for 2006 were:

Jones ... $100,000

King ... 200,000

Lane ... 300,000

How much of the $90,000 partnership profit for 2006 should be allocated to Jones?

A) $15,000

B) $27,000

C) $30,000

D) $33,000

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Answers (1)
  1. 29 June, 21:57
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    A) $15,000

    Explanation:

    jones 100,000

    king 200,000

    lane 300,000

    Total 600,000

    Assuming profit are distributed based on capital investment, jones will receive:

    100,000/600,000 = 1/6 of the profit

    proft x jones ratio = allocate income to Jones

    90,000 x 1/6 = 15,000

    This will be the amount of profit attributable to Jones.
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Home » Business » The average capital investments for 2006 were: Jones ... $100,000 King ... 200,000 Lane ... 300,000 How much of the $90,000 partnership profit for 2006 should be allocated to Jones? A) $15,000 B) $27,000 C) $30,000 D) $33,000
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