Nadine and Liza formed a partnership on January 1, 2019 below the details of your capital accounts for 2019:
On the saviour the partnership gathered a profit of 200,000.
Determine the profit ratio and the share on profits for nadine and liza on the following agreements:
If agreement based on capital contributions:
Nadine's Profit ratio?
Nadine's Share on profit?
Liza's Profit ratio?
Liza's Share on profit?
If agreement based on average capital:
Nadine's Profit ratio?
Nadine's Share on profit?
Liza's Profit ratio?
Liza's Share on profit?
Extracted text: Nadine, Capital Lysa, Capital 1-Jul 200,000 500,000 1-Jan 300,000 1-Jan 300,000 31-Dec 150,000 30-Apr 450,000 31-Dec On the same year, the partnership generated a profit of P200,000.