Dale, Evelyn, and Frank own a business jointly and share profits and losses in the same proportion

Question:

Dale, Evelyn, and Frank own a business jointly and share profits and losses in the same proportion as their investments. How much of a profit of $4500 will each receive if their investments are $4000, $6000, and $5000, respectively?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Contemporary Business Mathematics with Canadian Applications

ISBN: 978-0133052312

10th edition

Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs

See More Books

Question Posted: Sep 21, 2024 05:19 AM

See More Questions

This is similar to Section 2.2 Problem 28: Use algebraic simplifications to find the limit. Use a fraction. 2x-6 lim x+3x-9 =
The kaizen philosophy seeks to encourage suggestions, not to find excuses for failing to improve. Typical excuses are if it's not broken, don't fix it; "I'm too busy to work on it; and "its not in...
Reliable Electric is considering a proposal to manufacture a new type of industrial electric motor which would replace most of its existing product line. A research breakthrough has given Reliable a...
Dale, Evelyn, and Frank own a business jointly and share profits and losses in the same proportion as their investments. How much of a profit of $4500 will each receive if their investments are...
The situations presented here are independent of each other. Instructions For each situation, prepare the appropriate journal entry for the redemption of the bonds. (a) Martha Corporation retired...
Siegfried Basset is 65 years of age and has a life expectancy of 12 more years. He wishes to invest $34,000 in an annuity that will make a level payment at the end of each year until his death. If...
(a) How much is $8 increased by 125%? (b) What amount is 2 1/4% less than $2000? (c) What percent less than $120 is $100? (d) $975 is what percent more than $150? (e) $98 is 75% more than what...
Departments A, B, and C occupy floor space of 80 m2, 140 m2, and 160 m2, respectively. If the total rental cost for the floor space is $11 400 per month, how much of the rental cost should each...
Show that if S. then -1
Air flowing at $40 \mathrm{kPa}, 265 \mathrm{~K}$, and $\mathrm{Ma}_{1}=2.0$ is forced to undergo a compression turn of $15^{\circ}$. Determine the Mach number, pressure, and temperature of the...
Consider the inelastic collision between the two freight cars in Figure 4.11. The momentum before and after the collision is the same. The kinetic energy, however, is less after the collision than...
In the Cobweb model of labor market equilibrium (Figure 4-19 ), the adjustments in employment can be small with adjustment being fast, or the adjustments in employment can be large with adjustment...
Go to the website of the UK Office for National Statistics (www.statistics.gov.uk) or Eurostat (ec.europa.eu/eurostat) or the statistics office for the country in which you are studying. a. What is...
The focal points of the two converging lenses shown in Figure P33.77 are denoted by solid dots for the left lens and open dots for the right lens. Describe the final image. Data from Figure P33.77 +
People with normal vision cannot focus their eyes underwater if they aren't wearing a face mask or goggles and there is water in contact with their eyes (see Discussion Question Q34.23). (a) Why not?...
What mass of KBr (in grams) should you use to make 350.0 mL of a 1.30 M KBr solution?
Pine Village needs some additional recreation fields. Construction will cost $225,000 and annual O&M expenses are $85,000. The city council estimates that the value of added youth leagues is about...
Identify your major cash flows for the current school term as first costs, O&M expenses, salvage value s, revenues, overhauls, and so on. Using a week as the time period, draw the cash flow diagram.
In your own words explain the time value of money. From your own life (either now or in a situation -that might occur in your future), provide an example in which the time value of money would be...
8 Not yet answered Marked out of 9.00 Flag question Suppose the houses price in Muscat city are: 500,000/ 300,000/100,000/100,000/ 2,000,000 OMR respectively, calculate the following: a. The mean of...
Asset acquisition (fair value is different from book value) The following financial statement information is for an investor company and an investee company on January 1, 2019. On January 1, 2019,...
2 (10 marks) The following represents the Adjusted Trial Balance for Cartwright Smash Repairs as at 30 June 2021 Account Cartwright Smash Repairs Adjusted Trial Balance: 30 June 2021 Debit Credit $ $...

Dale, Evelyn, and Frank own a business jointly and share profits and losses in the same proportion

Question:

Step by Step Answer:

Total number ofparts 4000 6000 500...View the full answer

Contemporary Business Mathematics with Canadian Applications

Students also viewed these Finance questions