Gillie,Taft,and Dall are partners in an architectural firm.The partnership agreement is silent about the payment of salaries and the division of profits and losses.Gillie works full-time in the firm,and Taft and Dall each work half-time.Taft invested $120,000 in the firm,and Gillie and Dall invested $60,000 each.Dall is responsible for bringing in 50 percent of the business,and Gillie and Taft 25 percent each.How should profits of $120,000 for the year be divided?
A) Gillie $60,000,Taft $30,000,Dall $30,000
B) Gillie $40,000,Taft,$40,000,Dall $40,000
C) Gillie $30,000,Taft $60,000,Dall $30,000
D) Gillie $30,000,Taft $30,000,Dall $60,000
Correct Answer:
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