X and y have original investments of 54835 and 109033, Ask an Expert

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X and Y have original investments of $54,835 and $109,033 respectively in a partnership. The articles of partnership include the following provisions regarding the division of net income: interest on original investment at 10%, salary allowances of $31,042 and $29,664 respectively, and the remainder equally. How much of the net income of $95,722 is allocated to Y?

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Financial Management, Finance

Category:- Financial Management
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