Answer:
30000
Explanation:
because I was a people that wice
Profits should be divided among the partners according to their share of the ownership, as specified in their partnership agreement.
<h3>The partnership agreement</h3>
A partnership is an arrangement between two or more people to oversee business operations and share its profits and liabilities. In a general partnership company, all members share both profits and liabilities. Professionals like doctors and lawyers often form a limited liability partnership.
If there is no written or oral agreement among the partners, then under common law, each partner is to receive equal profits and losses.
The ability of each partner to bind the partnership to contracts is called mutual agency.
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The rule of specialty contract is that no consideration is necessary to give it validity, even in a court of equity. Simple contract is one, the evidence of which is oral, or in writing, not under seal, or of record.
Answer:
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Explanation:
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Answer:
$23,500,000
Explanation:
Angina Inc. has an outstanding of 5 million shares
The company is considering issuing an additional 1 million shares at $20 per share offering price and 95% of the proceeds gotten from the sale
An earlier agreement obligated the firm to sell an additional 250,000 shares at 90% of the offering price
The first step is to calculate the net proceeds for the shares sold
Net proceeds= Number of shares sold×price per share×percentage of sales proceed
The net proceeds for 1,000,000 shares can be calculated as follows
= 1,000,000×95/100×$20
= 1,000,000×0.95×$20
= $19,000,000
The net proceeds for 250,000 shares can be calculated as follows
= 250,000×90/100×$20
= 250,000×0.9×$20
= $4,500,000
Therefore, the total proceeds can be calculated as follows
= $19,000,000+$4,500,000
= $23,500,000
Hence the firm will realize a total cash of $23,500,000 from the stock sale.
