Question
Jenna and Caitlin entered into a partnership without a partnership agreement. Jenna invested $20,000 in the business while Caitlin invested $40,000. Jenna spent 20 hours
Jenna and Caitlin entered into a partnership without a partnership agreement. Jenna invested $20,000 in the business while Caitlin invested $40,000. Jenna spent 20 hours a week and Caitlin spent 40 hours a week in the business. How much of this year's profit of $36,000 would be distributed to Caitlin?
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Discrete Mathematics and Its Applications
Authors: Kenneth H. Rosen
7th edition
0073383090, 978-0073383095
