Solution-Calculate how much of the total profit is Maria is

Calculate how much of the total profit is Maria is entitled

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Question - Maria and Rosie are in partnership sharing profits and losses in the ratio 3:2. Rosie is entitled to a salary of $9,000 and interest on capital is paid at a rate of 8% per annum. The partners' capital balances are:

Maria $75,000

Rosie $60,000

The partnership statement of profit or loss for the year shows a profit of $58,500.

Required - Calculate how much of the total profit is Maria is entitled to.

Reference no: EM132696427

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Calculate how much of the total profit is Maria is entitled

Reference no: EM132696427

Reference no: EM132696427

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