Jackson and Campbell have capital balances of $100,000 and $300,000 respectively. Jackson devotes full time and Campbell one-half time to the business. Determine the division of $150,000 of net income in ratio of time devoted to business.
A) $75,000 and $75,000
B) $37,500 and $112,500
C) $100,000 and $50,000
D) $112,500 and $37,500
Correct Answer:
Verified
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