On January 2,2019, B and P formed a partnership. B contributed capital of P 175,000 and P , P 25,000. They agreed to share profits and losses 80% and 20%, respectively. P is a general manager and works in the partnership in full time. P is given a salary of P 5,000 a month. An interest of 5% of the starting capital is given also to both partners and a bonus to P of 15% of net profit before the salary, interest and the bonus. The condensed statement of comprehensive income of the partnership for the year ended December 31,2019 is as follows: Net sales P 875,000 Cost of Sales 700,000 Gross Profit on Sales P 175,000 Expenses ( including salary, interest and bonus) 143,000 Total comprehensive income P 32,000 The bonus of Perez for the year 2019 is?
On January 2,2019, B and P formed a partnership. B contributed capital of P 175,000 and P , P 25,000. They agreed to share
The condensed statement of comprehensive income of the partnership for the year ended December 31,2019 is as follows: Net sales P 875,000
Cost of Sales 700,000
Gross Profit on Sales P 175,000
Expenses ( including salary, interest and bonus) 143,000
Total comprehensive income P 32,000
The bonus of Perez for the year 2019 is?
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