What is Ade’s share of the profit?

What is Ade’s share of the profit?

Use the following information to answer the given question Ade N Okon N Fixed Capital 15,000 25,000 Salary per annum 6,000 8,000 Interest on capital per annum 8% 8% Profit or loss sharing ratio 40% 60%   The net profit for the year ended 31st December 1990 is...

What is the profit available for distribution?

Use the following information to answer the given question Ade N Okon N Fixed Capital 15,000 25,000 Salary per annum 6,000 8,000 Interest on capital per annum 8% 8% Profit or loss sharing ratio 40% 60%   The net profit for the year ended 31st December 1990 is...
What is Ade’s share of the profit?

What is the interest on capital?

Use the following information to answer the given question Ade N Okon N Fixed Capital 15,000 25,000 Salary per annum 6,000 8,000 Interest on capital per annum 8% 8% Profit or loss sharing ratio 40% 60% The net profit for the year ended 31st December 1990 is N28,000...

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