Let's break down the problem step by step: ### Given: - **Salary Allowances**: - Morgan Graff: $39,000 - Serigo Vargas: $34,000 - **Total Salary Allowance**: $39,000 + $34,000 = $73,000 - **Net Loss**: $20,000 - **Remainder**: Net Loss – Total Salary Allowances = -$20,000 – $73,000 = **-$93,000** - **Remainder is shared equally** between the two partners. --- ### Step-by-Step Calculation #### 1. Salary Allowances (already filled): - Morgan Graff: $39,000 - Serigo Vargas: $34,000 #### 2. Remainder (shared equally): \[ \text{Remainder} = \text{Net Loss} - \text{Total Salary Allowance} = -20,000 - 73,000 = -93,000 \] Each partner gets half: \[ \text{Remainder per partner} = \frac{-93,000}{2} = -46,500 \] #### 3. Net Loss Allocation: - **Morgan Graff:** $39,000 (salary) + (-$46,500) (remainder) = **-$7,500** - **Serigo Vargas:** $34,000 (salary) + (-$46,500) (remainder) = **-$12,500** #### 4. Fill in the table: | | Morgan Graff | Serigo Vargas | Total | |-----------------------|--------------|---------------|---------| | **Salary Allowance** | $39,000 | $34,000 | $73,000 | | **Remainder** | -$46,500 | -$46,500 | -$93,000| | **Net Loss** | -$7,500 | -$12,500 | -$20,000| --- ### **Final Answers** (for blanks): - **Morgan Graff Remainder:** -$46,500 - **Serigo Vargas Remainder:** -$46,500 - **Morgan Graff Net Loss:** -$7,500 - **Serigo Vargas Net Loss:** -$12,500 Let me know if you'd like an explanation on why the salary allowances are treated this way!

Certainly! Here's a concise 2-step explanation with a final summary: **Step 1:** Calculate the total salary allowances: - Morgan Graff: $39,000 - Serigo Vargas: $34,000 - Total allowances = $39,000 + $34,000 = $73,000 **Step 2:** Distribute the net loss of $20,000 by sharing the remaining loss equally after allowances: - Remainder = Net Loss – Total Salary Allowances = -$20,000 – $73,000 = -$93,000 - Each partner bears half of this remainder: -$93,000 ÷ 2 = -$46,500 **Final Summary:** - Morgan Graff's total (Salary + Remainder): $39,000 – $46,500 = **–$7,500** - Serigo Vargas's total (Salary + Remainder): $34,000 – $46,500 = **–$12,500** This method evenly distributes the loss after allowances, resulting in the net losses shown above.

Certainly! Based on the provided image and typical partnership profit-sharing methods, here's a clear 2-step explanation along with the completed table. --- ### **Step 1:** Identify the salary allowances for each partner and the total allowances. - Morgan Graff: $39,000 - Sergio Vargas: $34,000 - **Total Allowances:** $39,000 + $34,000 = **$73,000** --- ### **Step 2:** Calculate the remaining loss to be shared after allowances. - Total net loss: $20,000 - **Remaining loss after allowances:** Since allowances are expenses, the remaining loss is **$20,000**. - **Distribute this loss equally:** - Each partner bears half of the remaining loss: \- $20,000 ÷ 2 = **$10,000** - **Calculate net loss for each partner:** - Morgan Graff: $39,000 (allowance) – $10,000 (share of loss) = **$29,000** (as a positive figure, but since it's a loss, it reduces profit) - Sergio Vargas: $34,000 – $10,000 = **$24,000** *Note:* The allowances are salaries and are fixed. The remaining loss of $20,000 is shared equally, so each bears $10,000 of the loss. --- ### **Final Table:** | Particulars | Morgan Graff | Sergio Vargas | Total | |----------------------------|--------------|----------------|---------| | **Salary Allowance** | **$39,000** | **$34,000** | **$73,000** | | **Share of Loss** (Remaining) | **$10,000** | **$10,000** | **$20,000** | | **Net Profit / Loss** | **$29,000** (profit) | **$24,000** (profit) | **$53,000** | *Since the original net loss is $20,000, the calculations above show how the loss is allocated after allowances.* --- ### **Full Summary:** - Each partner receives a fixed salary allowance. - The remaining net loss of $20,000 is split equally between the partners, with each bearing $10,000 of the loss. - The final net position for each partner reflects their salary allowance minus their share of the loss. --- **Note:** The actual context may vary depending on partnership agreement specifics, but this is the typical approach to such problems.

The image provided appears to relate to a partnership accounting problem involving salary allowances, net loss, and their distribution between partners. Based on standard methods of partnership profit-sharing and the data visible, here is the correct step-by-step explanation and the completed table. --- ### Step 1: Identify the given data - **Salary Allowances:** - Morgan Graff: ₹39,000 - Sergio Vargas: ₹34,000 - **Total Salary Allowances:** ₹39,000 + ₹34,000 = **₹73,000** - **Net Loss:** ₹20,000 --- ### Step 2: Calculate the remaining loss to be shared - Since salary allowances are fixed expenses, the total net loss of ₹20,000 remains to be allocated after allowances. - **Remaining loss:** ₹20,000 - **Share of loss per partner:** Since the loss is shared equally, divide by 2: \[ \text{Loss per partner} = \frac{₹20,000}{2} = ₹10,000 \] --- ### Step 3: Calculate net position of each partner - **Morgan Graff:** - Salary allowance: ₹39,000 - Less share of loss: ₹10,000 - **Net loss for Morgan:** ₹39,000 – ₹10,000 = **₹29,000 (profit)** (if considering income; since total net is a loss, this represents the position after deducting loss) - **Sergio Vargas:** - Salary allowance: ₹34,000 - Less share of loss: ₹10,000 - **Net loss for Sergio:** ₹34,000 – ₹10,000 = **₹24,000** *Note:* Since the overall net is a loss of ₹20,000, these are the final positions after sharing. --- ### **Final Table:** | Particulars | Morgan Graff | Sergio Vargas | Total | |------------------------------|--------------|----------------|------------| | **Salary Allowance** | ₹39,000 | ₹34,000 | ₹73,000 | | **Share of Loss (Remaining)**| ₹10,000 | ₹10,000 | ₹20,000 | | **Net Position (Profit/Loss)**| ₹29,000 | ₹24,000 | (Total net loss ₹20,000 distributed) | *Since the total net loss is ₹20,000, and allowances are fixed, the net profit/loss after distribution reflects each partner's share of the loss.* --- ### **Summary:** 1. Each partner's salary allowance is fixed at ₹39,000 and ₹34,000 respectively. 2. The remaining net loss of ₹20,000 is shared equally, with each partner absorbing ₹10,000 of the loss. 3. After sharing, Morgan Graff's net position is a loss of ₹29,000, and Sergio Vargas's is a loss of ₹24,000. --- **Note:** The exact values may vary slightly depending on the specific question context, but based on the visible data and standard partnership accounting practices, this is the correct approach and answers.