The apb partnership agreement specifies that partnership net income be allocated as follows:
partner a partner p partner b
salary allowance 3 1 4
interest on average
capital balance 10% 10% 10%
remainder 40% 40% 20%
average capital balances for the current year were $50,000 for a, $30,000 for p, and $20,000 for b.
19. refer to the information given. assuming a current year net income of $50,000, what amount should be allocated to each partner?
partner a partner p partner b
a) 2 2 1
b) 16000 16000 8000
c) 19000 (3000) 34000
d) 17000 0 33000
a. option a
b. option b
c. option c
d. option d

C) 19000 (3000) 34000

Explanation:

income:        50,000

salaries        (80,000)  (sum of partner salaries)

interest         (10,000)   (total capital 100,000  x 10% interest )

net loss        (40,000)

Partner A

50,000 + 30,000 salary + 5,000 interest - 16,000 loss share(40%) = 69,000

It woulld be allocate: 69,000 - 50,000 = 19,000

Partner B

30,000 + 10,000 salary + 3,000 interest - 16,000 loss share(40%) = 27,000

27,000 - 30,000 = -3,000

Partner C

20,000 + 40,000 salary + 2,000 interest - 8,000 loss share(20%) = 54,000

54,000 - 20,000 = 34,000

there's 11 people for the 1st position. then, no matter who gets it, there's only 10 left for the second, and then 9 left for the third. 11 x 10 x 9 = 990.   the answer is there are 990 different ways the positions can be filled by these applicants

answer; property tax payment made in july and december;