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Nina [5.8K]
3 years ago
6

Partners Ken and Macki each have a $40,000 capital balance and share income and losses in the ratio of 3:2. Cash equals $20,000,

noncash assets equal $120,000, and liabilities equal $60,000. If the noncash assets are sold for $60,000, and both partners agree to make up any capital deficits with personal cash contributions, Partner Macki will eventually receive cash of
Business
2 answers:
tester [92]3 years ago
8 0

Answer:

Partner Macki will eventually receive cash of $16,000

Explanation:

Macki has a $40,000 capital balance.

Income and losses ratio for Macki is 2

Total Income and losses ratio = 2 + 3 = 5

Calculating for Macki

Cash to be received by partner Macki

= $40,000 * 2/5

= $16,000

BaLLatris [955]3 years ago
3 0

Macki capital balance = $40,000

Macki ratio = 2

Income and losses ratio

= 2 + 3 = 5

Cash to be received by Macki as a partner

= $40,000 * 2/5

= $16,000

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The original investment amount was $ 68.56 then annual return on investment is 10 years was 7.20% interest.

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Investment definition is assets invested in to build wealth and save money on bank, property and projects for specific time period of money.

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2 years ago
A bond with 15 detachable warrants has just been offered for sale at $1,000.00 . The bond matures in 25 years and pays a semi-an
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3 years ago
One truth about using color in magazine advertising is?
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Answer:

The correct answer is letter "A": Color ads are considered better suited for attracting and holding attention.

Explanation:

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