Asked by Lesley Horcasitas on Jul 06, 2024
Verified
Milan, Katka, and Shoshanna started their partnership with a total investment of $135,000 contributed in the ratio of 3: 4: 2. If each partner contributes another $10,000, what will be the ratio of their total contributions?
Partnership
A sanctioned business arrangement in which two or more persons co-manage and equally divide profits.
Total Contributions
The total sum of money given or invested in a particular context or over a period of time.
Ratio
The relationship between two numbers revealing how many times one can be contained within or contain the other.
- Utilize ratios to comprehend and compute the stakes in partnerships and the proportions of investments.
Verified Answer
SP
Learning Objectives
- Utilize ratios to comprehend and compute the stakes in partnerships and the proportions of investments.
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