00:01
This question we have to calculate how the profit is to be divided is to be divided mn the partners this is what we have to find out so for that first we'll have to find out the profit for first and second half of the year so the first half will be from jan to june and the second half of course will be from july to december.
00:38
So we know the total profit which is equal to four hundred thousand dollars.
00:48
So profit for first and second half will be equal to four hundred thousand divided by 2 that is equal to $200 ,000 each.
01:08
So for year 1 it will be $200 ,000 and for year 2 it will be again $200 ,000.
01:18
Next what we have to find is we have to find out the adjusted profit.
01:26
So adjusted profit is the profit after after adjusting the expenses and salaries.
01:42
So adjusted profit from jan to june that is the first half is equal to 200 ,000 minus 40 ,000 minus 60 ,000 that is equal to 100 ,000 dollars.
02:13
This has to be shared among the partners.
02:16
This has to be shared.
02:21
So how do we share it? there are three partners, refosar, martinez and maxino.
02:36
They have to be shared.
02:38
The profit has to be shared in the ratio 6 is to 2 is to 2...