000,8AItem No. 16 is based on the following information:moTPartners Dy, Pai, and Kwa are in the process of finalizing their profit andloss sharing agreement. They have already agreed that Pai and Kwa are toreceive annual salary of P 45,000 each. Dy, the managing partner, has twooptions.Option 1: He will receive an annual salary of P 110,000; orob bns hoOption 2: He will receive an annual salary of P 90,000 plus a bonus of 20% of thebsd madte profit after subtracting their salaries and his bonus.IauguA no16. What should be the amount of profit so that Dy would get the same shareirrespective of his choice?P 250,000..000,00а.C. P 400,000.С.P 300,000.d. P 450,000.00:00 bas es

Item No. 16 is based on the following information: the Partners Dy, Pai, and Kwa are in the process of finalizing their profit and loss sharing agreement. They have already agreed that Pai and Kwa are to receive annual salary of P 45,000 each. Dy, the managing partner, has two options. Option 1: He will receive an annual salary of P 110,000; or Option 2: He will receive an annual salary of P 90,000 plus a bonus of 20% of the de profit after subtracting their salaries and his bonus. augA no 16. What should be the amount of profit so that Dy would get the same share irrespective of his choice? 000,00 a. P 250,000. P 400,000. iwolfo С. b. P 300,000. d. P 450,000.

Item No. 16 is based on the following information: the Partners Dy, Pai, and Kwa are in the process of finalizing their profit and loss sharing agreement. They have already agreed that Pai and Kwa are to receive annual salary of P 45,000 each. Dy, the managing partner, has two options. Option 1: He will receive an annual salary of P 110,000; or Option 2: He will receive an annual salary of P 90,000 plus a bonus of 20% of the de profit after subtracting their salaries and his bonus. augA no 16. What should be the amount of profit so that Dy would get the same share irrespective of his choice? 000,00 a. P 250,000. P 400,000. iwolfo С. b. P 300,000. d. P 450,000.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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