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Vargas had a 500,000 capital balance for eight months and a 650,000 balance for four months. Mateo had a 380,000 balance for five months and
Vargas had a 500,000 capital balance for eight months and a 650,000 balance for four months. Mateo had a 380,000 balance for five months and 500,000 balance for seven months. How much of the year's 800,000 profit should Mateo receive if profits and losses are distributed based on the ratio of their weighted average capital balances? 360,000 440,000 453,200 387,500
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