Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 05, 2024

Three friends, A, B, and C, start a business with investments in the ratio of 2 : 3 : 5, respectively. A invested $7,400, and

Three friends, A, B, and C, start a business with investments in the ratio of 2 : 3 : 5, respectively. A invested $7,400, and all three of them agree to share profits in the ratio of their investments.

Calculate C's investment.

If A's profit was $56,000 in the first year, calculate B's profit.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Finance And Control For Construction

Authors: Chris March

1st Edition

0415371155, 978-0415371155

More Books

Students also viewed these Finance questions

Question

★★★★★

Derive a (1 ) 100% confidence interval for Y|x0, the mean of Y at x = x0, by solving the double inequality t/2,n2 Answered: 1 week ago

Answered: 1 week ago

Question

★★★★★

KEY QUESTION Suppose the productivity of capital and labor are as shown in the accompanying table. The output of these resources sells in a purely competitive market for $1 per unit. Both capital and...

Answered: 1 week ago

Question

★★★★★

2. Which theory of aggression do you think provides the best explanation of aggressive behavior in sport? Explain.

Answered: 1 week ago

Question

★★★★★

Complete the table below for contribution margin per unit, total contribution margin, and contribution margin ratio: Number of units Sales price per unit Variable costs per unit Calculate:...

Answered: 1 week ago

Question

★★★★★

Case 1: (8 Marks) Following expenses were paid during the current year by Lynda a single taxpayer: Household and miscellaneous personal expenses 25000 Estimated current year federal income tax...

Answered: 1 week ago

Question

★★★★★

Prepare journal entries for transactions below: a) Equipment with an original cost of $60,000 and accumulated depreciation of $50,000 was deemed unusable and was sold for $500 scrap value. b) Regular...

Answered: 1 week ago

Question

★★★★★

Thoroughly respond to the prompts below. Enter your responses on a new line. 1. Analyze the project risk: What could cause the problem to occur? How can each problem be prevented? If the problem...

Answered: 1 week ago

Question

★★★★★

4. From the conservation of momentum equation below, write out the 2 scalar equilibrium equations for a 2-dimensional isotropic elasticity problem. ft pf = (2+) Fix +N+fXx + pl. fu fx, fx, fx, fx,...

Answered: 1 week ago

Question

★★★★★

Draw a circle representing one platter surface of a hard disk. On your drawing show an example of a track, of a sector, and of a block. 10.5 Draw a sector representing one platter surface of a hard...

Answered: 1 week ago

Question

★★★★★

Construct and submit the Future State VSM using seconds for TT , PT , and CT calculations. Make the map fit on one page by turning the page landscape. The map must be legible and professional. Based...

Answered: 1 week ago

Question

★★★★★

1) If you were worth $1 Million at the end of World War II, calculate how much you would need today to maintain the same purchasing power as in 1945? 2) How much would Rockefellar's fortune be worth...

Answered: 1 week ago

Question

★★★★★

Trade unions. Some enterprises may view the increasing influence of trade unions as a problem, with trade unionists seeing the future of trade unions as uncertain.

Answered: 1 week ago

Question

★★★★★

Attempts to address over-staffing through various methods which did not reflect future skills and operational needs have highlighted the need to develop other methods of human resource planning.

Answered: 1 week ago

Question

★★★★★

a high level of employee turnover and absenteeism and a lack of identification with hard work;

Answered: 1 week ago

Previous Question Next Question