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Mathew,Patrick,and Robin and Have Capital Balances of $75,000,$125,000 and $93,000,respectively

question 168

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Mathew,Patrick,and Robin and have capital balances of $75,000,$125,000 and $93,000,respectively.As per the partnership agreement,Mathew gets a profit share of 2/9; Patrick gets 4/9; and Robin gets 3/9.Partnership agrees to pay $65,000 as final settlement to Mathew.How much bonus will Robin receive as a result of this transaction? (Do not round intermediate calculations and round the final answer to the nearest dollar.)

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Definitions:

Direct Labour-hours

Direct labour-hours refer to the amount of time spent by workers directly involved in the production process, used to allocate labour costs to units of output.

Machine-hours

A measure of production output or activity based on the number of hours machines are operating.

Product Diversity

The range and variety of products a company offers.

Parts Administration

Refers to the management and oversight of parts inventory, including ordering, stocking, and distributing components used in production or repair.

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