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Hanna, Marnie, and Jessa have operated a partnership as filmmakers for a number of years. At the end of the year, before any allocation of profits, the partners have the following capital account balances:
Hanna $25.000
Marnie 15.000
Jessa 10.000
The partnership agreement states that profits should be allocated in proportion to the capital account balances. If the partnership earns $600,000 in the current year, how much of the profit will be allocated to Marnie?
a. $600,000.
b. $180,000.
c. $200,000.
d. $150,000.

Respuesta :

Parrain

Answer: b. $180,000

Explanation:

Profit should be allocated according to capital account balances. Marnie's capital account proportion is:

= 15,000 / (25,000 + 15,000 + 10,000)

= 15,000 / 50,000

= 30%

If the profit is $600,000, Marnie's share is:

= 30% * 600,000

= $180,000