Bill and Bob share profits of their partnership in the ratio of 6:1 respectively.If the net income of the firm is $29,000,calculate the share of Bill's net income.
A)$20,714
B)$4,143
C)$29,000
D)$24,857

Name: Bill and Bob share profits of their partnership in the ratio of 6:1 respectively.If the net income of the firm is $29,000,calculate the share of Bill's net income. A)$20,714 B)$4,143 C)$29,000 D)$24,857
Brand: Quizplus
Rating: 4.9 (34 reviews)

Question

Quizplus · Accepted Answer

D)The share of Bill's net income $29,000 × 6 / 7* = $24,857
*(6 + 1 = 7)

Bill and Bob Share Profits of Their Partnership in the Ratio