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Response: (250000) Response: 100000 Response: (600000)

Partners Coleen and Norlyn received salaries of 150,000 and 300,000 pesos respectively and share profits and losses in a 2:1 ratio. The partnership suffered a 150,000 peso loss. Coleen's share is -250,000 pesos. Norlyn's share is 100,000 pesos. The total amount to be distributed using the 2:1 ratio is -600,000 pesos. Partners Angela and Gabriel received salary allowances of 30,000 and 70,000 pesos. They agreed to share the remainder of profit equally. The company earned 40,000 pesos. Angela's share is 0 pesos. Gabriel's share is 40,000 pesos.

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Joana Trinidad
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80 views

Response: (250000) Response: 100000 Response: (600000)

Partners Coleen and Norlyn received salaries of 150,000 and 300,000 pesos respectively and share profits and losses in a 2:1 ratio. The partnership suffered a 150,000 peso loss. Coleen's share is -250,000 pesos. Norlyn's share is 100,000 pesos. The total amount to be distributed using the 2:1 ratio is -600,000 pesos. Partners Angela and Gabriel received salary allowances of 30,000 and 70,000 pesos. They agreed to share the remainder of profit equally. The company earned 40,000 pesos. Angela's share is 0 pesos. Gabriel's share is 40,000 pesos.

Uploaded by

Joana Trinidad
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Question 1

Instrucons:
1. Do not use comma and peso sign (i.e. if your answer is P200,500, encode it as 200500)
2. If your answer is loss use the open and close parenthesis to denote negave, i.e. if your answer
is -50,000,encode it as (50000)
Problem: Partners Coleen and Norlyn received a salary of P150,000 and P300,000 and will share
profit andloss in a 2 : 1 rao, respecvely. If the partnership suffered a P150,000 loss in 2020,
determine how theloss will be distributed to Coleen and Norlyn.
1. Coleen's share on profit or loss _____
2. Norlyn's share on profit or loss _____
3. How much is the total amount to be distributed using the 2 : 1 rao? _____
Response: (250000)
Response: 100000
Response: (600000)

Question 2
Instrucons: Do not use comma and peso sign (i.e. if your answer is P200,500, encode it as 200500)
Problem: Partners Angela and Gabriel received a salary allowance of P30,000 and P70,000,
respecvely, andagreed to share the remainder of the profit equally. If the company earned
P40,000 during the period,how will the profit be distributed:
1. Angela _____
2. Gabriel _____
Response: 0
Response: 40000

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