Page 40 - Demo

%u062c%u0645%u064a%u0639 %u0627%u0644%u062d%u0642%u0648%u0642 %u0645%u062d%u0641%u0648%u0638%u0629 %u0640 %u0627%u0625%u0644%u0639%u062a%u062f%u0627%u0621 %u0639%u0644%u0649 %u062d%u0642 %u0627%u0644%u0645%u0624%u0644%u0641 40 %u0628%u0627%u0644%u0646%u0633%u062e %u0623%u0648 %u0627%u0644%u0637%u0628%u0627%u0639%u0629 %u064a%u0639%u0631%u0636 %u0641%u0627%u0639%u0644%u0647 %u0644%u0644%u0645%u0633%u0627%u0626%u0644%u0629 %u0627%u0644%u0642%u0627%u0646%u0648%u0646%u064a%u0629Of course, the bonus is only calculated if the company makes profits and is usually calculated in the form of a percentage of a certain number. The problem is how to calculate that number.If we assume, for example, that:Distributable profit $330,000Interest on capital $55,000Partners' salaries $110,000You were required to calculate the bonus under the following assumptions:1- 10% of net profit = 330,000 %u00d710 = 33,000 1002- 10% of net profit after interest = (330,000 - 55,000) %u00d710 = 27,000 1003- 10% of net profit after salaries = (330,000 - 110,000) %u00d710 = 22,000 1004- 10% of net profit after interest & salaries = (330,000 - 55,000 - 110,000) %u00d710 = 16,000 1005- 10% of net profit after bonus = 330,000 %u00d710 = 30,000 1106- 10% of net profit after interest & bonus = (330,000 - 55,000) %u00d710 = 25,000 1107- 10% of net profit after salaries & bonus = (330,000 - 110,000) %u00d710 = 20,000 1108- 10% of net profit after interest, salaries & bonus = (330,000 - 55,000 - 110,000) %u00d710 = 15,000 110Example (2)A, B, & C started their business on 1/1/2019 with capital balances $60,000, $40,000 & 20,000respectively. By the end of the year, the company realized Net Income of $132,000 and the agreement among the partners stated the following: 1- To allow an Interest of 10% on the weighted average capital balances.2- To allow a monthly salary of $2,500 to Partner %u201cB%u201d.3- To allow a bonus of 25% from net income after deducting interest, salary & bonus for partner %u201cA%u201d.4- The remainder is to be allocated equally.Required: 1- prepare income allocation schedule. 2- Prepare the Journal Entries to record the distribution of Profit between the partners.3- Basis for calculating Bonus38