Question
Salma, Rita, and Munya are partners in SRM Company. After several years of working together, and on 31-12-2021, their capital balances were as follows: Salma
Salma, Rita, and Munya are partners in SRM Company. After several years of working together, and on 31-12-2021, their capital balances were as follows: Salma $ 50,000, Rita $ 70,000, and Munya ??????. They divide any income or loss between them in a fixed ratio of 30% : 40%: 30%, respectively.
On this day, Munya leaves the partnership, by accepting to receive $ 31,250 cash from the partnership assets, for her share. If you know that Ritas capital increased to $ 76,400, due to this event, What was the original capital amount for Munya on 31/12/2021?
Salma, Rita, and Munya are partners in SRM Company. After several years of working together, and on 31-12-2021, their capital balances were as follows: Salma $ 50,000, Rita $ 70,000, and Munya ??????. They divide any income or loss between them in a fixed ratio of 30% : 40%: 30%, respectively.
On this day, Munya leaves the partnership, by accepting to receive $ 31,250 cash from the partnership assets, for her share. If you know that Ritas capital increased to $ 76,400, due to this event, What was the original capital amount for Munya on 31/12/2021?
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Entrepreneurship
Authors: Andrew Zacharakis, William D Bygrave
5th Edition
9781119563099
