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MB

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A partnership agreement provides that half of the annual profit be distributed in proportion to each partner's investment in the partnership, and that the other half be distributed in proportion to the total number of hours that each partner worked in the business during the year. How should the most recent year's profit of $84,780 be allocated if the amounts invested by Huey, Dewey, and Louie are $70,000, $30,000, and $45,000, and their hours of work for the year were 425; 1,680; and 1,440, respectively?

On May 23, 2024


$25,546.16 to Huey; $28,859.26 to Dewey; $30,374.59 to Louie
MB

Answered

Ralph bought 100 shares of Meredian stock at $86; 100 shares of Lawson stock at 30.25; and 100 shares of Puritan stock at 22.50. Commission charges were $0.20 per share. Compute the total cost of the purchase.​

On May 20, 2024


$13,935​