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svlad2 [7]
3 years ago
5

White, Sands, and Luke has the following capital balances and profit and loss ratios: $60,000 (30%), $100,000 (20%) and $200,000

(50%). The partnership has received a predistribution plan. How would $200,000 be distributed?
Business
1 answer:
Luba_88 [7]3 years ago
8 0

Answer:

White :12,000 Sands: 68,000 and Luke 120,000

Explanation:

given data

                                      White            Sands                       Luke  

Balance Capital             60000           100000                   200000  

Income Sharing               30%               20%                        50%  

Maximum Loss                200000         500000               400000

solution

so here when here 200000 is received so  

                                      White            Sands                       Luke      

first 20000                         0               20000    

next 140000                       0               40000                    100000  

balance 40000               12000          8000                       20000  

Total partner each          12000          68000                  120000

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