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Business, 01.10.2019 06:00 Jessieeeeey

Singer and mcmann are partners in a business. singer's original capital was $40,000 and mcmann's was $60,000. they agree to salaries of $12,000 and $18,000 for singer and mcmann, respectively, and 10% interest on original capital. if they agree to share the remaining profits and losses on a 3: 2 ratio, what will mcmann's share of the income be if the income for the year is $30,000?

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Singer and mcmann are partners in a business. singer's original capital was $40,000 and mcmann's was...
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