The partners of Dan and Ken are engaged in trading. Dan's original capital was P40,000 and Ken 's was P60,000. They agreed to share profits and losses as follows: Dan Ken Php28,000 10% 30% Salaries...

The partners of Dan and Ken are engaged in trading. Dan's original capital was P40,000<br>and<br>Ken 's was P60,000. They agreed to share profits and losses as follows:<br>Dan<br>Ken<br>Php28,000<br>10%<br>30%<br>Salaries<br>Interest on original capital<br>Balance<br>Php40,000<br>10%<br>70%<br>а. Р44,600<br>b. Р46,400<br>If the profits for the year were P120,000, what share of the profits would Dan receive?<br>c. P57,400<br>d. P75,600<br>а. Р2,600<br>b. (Р22,600)<br>[f the losses for the year were P20,000, what share of the loss would Ken receive?<br>c. (P2,600)<br>d. P5,200<br>

Extracted text: The partners of Dan and Ken are engaged in trading. Dan's original capital was P40,000 and Ken 's was P60,000. They agreed to share profits and losses as follows: Dan Ken Php28,000 10% 30% Salaries Interest on original capital Balance Php40,000 10% 70% а. Р44,600 b. Р46,400 If the profits for the year were P120,000, what share of the profits would Dan receive? c. P57,400 d. P75,600 а. Р2,600 b. (Р22,600) [f the losses for the year were P20,000, what share of the loss would Ken receive? c. (P2,600) d. P5,200

Jun 09, 2022

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The partners of Dan and Ken are engaged in trading. Dan's original capital was P40,000 and Ken 's was P60,000. They agreed to share profits and losses as follows: Dan Ken Php28,000 10% 30% Salaries...

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