Need answers thank you. Exercise 3-1 (Division of Profit using Ratios)Borres, Buendia, and Bustos have capital balances of P250,000, P150,000 and P100,000,respectively. Time devoted by the partners in the partnership follows:Borresthree-fourths timeBuendiaone-fourth timeBustosone-half timeInstructions:Determine the participation of the partners in the profit of P600,000 ifprofit is divided:1.in the ratio of capital investmentsin the ratio of time devoted in the business2.

A partnership is an agreement between two or more parties to run a business and share its profits…

Exercise 3-1 (Division of Profit using Ratios) Borres, Buendia, and Bustos have capital balances of P250,000, P150,000 and P100,000, respeetively. Time devoted by the partners in the partnership follows: Borres Buendia Bustos three-fourths time one-fourth time one-half time Instructions: Determine the participation of the partners in the profit of P600,000 if profit is divided: 1. in the ratio of capital investments in the ratio of time devoted in the business 2.