Question
Mr X.,Mr.Y. and Mr. Z went through major partnership losses that forced them to decide on liquidation. They sold all their assets, paid all
Mr X.,Mr.Y. and Mr. Z went through major partnership losses that forced them to decide on liquidation. They sold all their assets, paid all their liabilities and ended up with net Revenue of $170000 to be distributed among the 3 partners each according to their contribution. Mr. X contributed $65000, Mr. Y contributed $53000 and Mr. Z contributed $25000. How much will Mr. Y receive?
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Basic Economics
Authors: Frank V. Mastrianna
16th edition
1111826641, 978-0357706664, 978-1111826642
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