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Parcor Chapter 2 Assignment 1 MC
Parcor Chapter 2 Assignment 1 MC
Computation
Ceradoy Manongsong Anuran
Salary Allowance 80,000
2) B.
Computation
Malaluan Baral Castro
Semi-annual Profit to be Divided in a
Ratio of 3:2 (July 1 - December
31,2022):
Malaluan: 240,000 x 3/5 144,000
Baral: 240,000 x 2/5 96,000
Subtotal
Salary Allowances 20,000 12,000
Balance to be Divided in a Ratio of
50:25:25 [240,000-32,000=208,000]:
Malaluan: 208,000 x 50% 104,000
Baral: 208,000 x 25% 52,000
Castro: 208,000 x 25% 52,000
Share of Partners in Profit 248,000 168,000 64,000
3) B.
Computation
Refozar Martinez Magsino
Semi-Annual Salary Allowances 20,000 10,000
Balance to be Divided in a Ratio of
6:2:2 on June 30, 2023
[220,000-
40,000-30,000 = 150,000]:
Refozar: 150,000 x 6/10 90,000
Martinez: 150,000 x 2/10 30,000
Magsino: 150,000 x 2/10 30,000
Balance to beSubtotal
Divided in a Ratio of
5:3:2 on July 1, 2023:
4) B.
Computation
Rubio Bisana Total
Semi-Annual Salary Allowance 20,000 20,000
5% Interest on Capital Balances on
June 30, 2023:
Rubio: 200,000 x 5% 10,000
Bisana: 100,000 x 5% 5,000 15,000
5% Interest on Capital Balances on
July 1, 2023:
Bisana: 100,000 x 5% 5,000 5,000
Subtotal 40,000
Balance to be Divided equally
[337,500-40,000 = 297,500]:
Rubio: 297,500 x 50% 148,750
Bisana: 297,500 x 50% 148,750 297,500
Share of Partners in Profit 178,750 158,750 297,500
5) A.
Computation Villanueva Mulles Lucena
Profit to be Divided in a Ratio of 3:2
on Dec. 31, 2022:
Villanueva: 300,000 x 3/5 180,000
Mulles: 300,000 x 2/5 120,000
Subtotal
Profit to be Divided in a Ratio of
40:30:30 on June. 30, 2023 :
Villanueva: 450,000 x 40% 180,000
Mulles: 450,000 x 30% 135,000
Lucena: 450,000 x 30% 135,000
Subtotal
360,000 255,000 135,000
Less: Irrecoverable Debt
Villanueva: 50,000 x 3/5 30,000
Mulles: 50,000 x 2/5 20,000
Share of Partners in Profit 330,000 275,000 135,000
Total
80,000
37,600
722,400
840,000
Total
240,000
32,000
208,000
480,000
Total
30,000
150,000
220,000
400,000
Total
300,000
450,000
750,000
50,000
700,000