hah20 Chapter 2
CHAPTER 2
MULTIPLE CHOICE ANSWERS AND SOLUTIONS
2-1: d
Jordan Pippen Total
Annual salary P120,000 P80,000 P200,000
Balance, equally ( 10,000) ( 10,000) ( 20,000)
Total P110,000 P 70,000 P180,000
2-2: a
JJ KK LL Total
Bonus (.20 X P90,000) P18,000 – – P 18,000
Interest
JJ (.15 X P100,000) P15,000 – –)
KK (.15 X P200,000) P 30,000 –)
LL (.15 X P300,000) P45,000) 90,000
Balance, equally ( 6,000) ( 6,000) ( 6,000) ( 18,000)
Total profit share P27,000 P 24,000 P39,000 P 90,000
2-3: a
2-4: a
Allan Michael Total
Interest
Allan - .10 X (P40,000 + 60,000 /2) P 5,000 )
