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Ables and Galang divide partnership profits and losses solely on the basis of their average capital balances. Ables had P 275, 000 invested during all of 2020; Galang had P 200,000 invested from January 1 to August 31, and he invested another P 75, 000 on September 1. If profit was P 800, 000 during 2020. How much should each partner receive?
3 answers
Computation for Galang's monthly average:
P200,000.00 x 8 months = P1,600,000.00 + (P275,000 x 4 months) = ?
P1,600,000.00 + P1,100,000.00 = P2,700,000.00
P2,700,000 / 12 months = P22,500.00 per month
(P275,000 / P500,000) x 100 = 55% - Ables
(P225,000 / P500,000) x 100 = 45% - Galang
Ables’ Share = P800,000.00 x 55% = P440,000.00
Galang’s Share = P800,000.00 x 45% = P360,000.00
P200,000.00 x 8 months = P1,600,000.00 + (P275,000 x 4 months) = ?
P1,600,000.00 + P1,100,000.00 = P2,700,000.00
P2,700,000 / 12 months = P22,500.00 per month
(P275,000 / P500,000) x 100 = 55% - Ables
(P225,000 / P500,000) x 100 = 45% - Galang
Ables’ Share = P800,000.00 x 55% = P440,000.00
Galang’s Share = P800,000.00 x 45% = P360,000.00
hello diba dapat 75,000 x 4 months lang yun??
1 answer