Asked by Margaret DiFlora on May 18, 2024
Verified
Three partners invest in a business in the ratio of 30%, 25%, and 45%. How should the most recent quarter's profit of $73,800 be distributed?
Quarter's Profit
The net income or earnings generated by a company during a specific quarter of its fiscal year.
- Apply the methodologies of ratio and proportion to the division of profits and the governance of partnership contributions.
Verified Answer
TM
Learning Objectives
- Apply the methodologies of ratio and proportion to the division of profits and the governance of partnership contributions.
Related questions
Kristina, Larissa, and Marika Invested $50,000, $80,000 and $100,000 Respectively ...
Sam, Sue, and Cliff Formed a Partnership in the Ratio ...
A Company Has a Profit-Sharing Plan for Each Employee According ...
Three Insurance Companies (Axa, Lloyds and AIG) and Agree to ...
Mike, Tom, and Larry Invested $78,750, $22,500 and $123,750 Respectively ...