Help with accounting/finance

Accounting
Tutor: None Selected Time limit: 1 Day

Applying the interest allowance method, compute Julie’s and Jennifer’s share of net income if Julie invested $40,000 and Jennifer invested $24,000 at an 8% interest rate, with the remainder to be divided equally. Net income was $10,000.
   
B. Julie $6,250; Jennifer $3,750
   
C. Julie $5,640; Jennifer $4,360
   
D. None of the above

May 5th, 2015

C...........................................................................................................................................................................

May 5th, 2015

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