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Kevin, Lyle, and Marnie Operate Food Country as a Partnership

Question 32

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Kevin, Lyle, and Marnie operate Food Country as a partnership. Their agreement provides that half the profit in each calendar quarter be distributed in proportion to each partner's investment in the partnership, and that the other half be distributed in proportion to the total number of hours that each partner works in the business. The following table presents each partner's investment in the second column, and the hours worked (during the most recent quarter) in the third column. Rounded to the nearest dollar, how should the quarter's profit of $112,460 be allocated? Kevin, Lyle, and Marnie operate Food Country as a partnership. Their agreement provides that half the profit in each calendar quarter be distributed in proportion to each partner's investment in the partnership, and that the other half be distributed in proportion to the total number of hours that each partner works in the business. The following table presents each partner's investment in the second column, and the hours worked (during the most recent quarter) in the third column. Rounded to the nearest dollar, how should the quarter's profit of $112,460 be allocated?

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$39,620: $...

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