Question
In: Finance
Sam and Sally agreed to form a partnership. The partnership agreement requires that Sally invest $4353 greater than two-fifths of what Sam is to invest.
Sam and Sally agreed to form a partnership. The partnership agreement requires that Sally invest $4353 greater than two-fifths of what Sam is to invest. If the total partnership value is $71,122, how much did each partner invest?
Sam's investment in the partnership is $ ___.
Sally's investment in the partnership is $ ____.
Solutions
jeff jeffy answered 2 years agoRelated Solutions
Dividing Partnership Income Morrison and Greene have decided to form a partnership. They have agreed that...
Dividing Partnership Income
Morrison and Greene have decided to form a partnership. They
have agreed that Morrison is to invest $288,000 and that Greene is
to invest $96,000. Morrison is to devote one-half time to the
business, and Greene is to devote full time. The following plans
for the division of income are being considered:
Equal division.
In the ratio of original investments.
In the ratio of time devoted to the business.
Interest of 6% on original investments and the...
Dividing Partnership Income Morrison and Greene have decided to form a partnership. They have agreed that...
Dividing Partnership
Income
Morrison and Greene
have decided to form a partnership. They have agreed that Morrison
is to invest $174,000 and that Greene is to invest $58,000.
Morrison is to devote one-half time to the business, and Greene is
to devote full time. The following plans for the division of income
are being considered:
Equal division.
In the ratio of original investments.
In the ratio of time devoted to the business.
Interest of 5% on original investments and the...
Dividing Partnership Income Morrison and Greene have decided to form a partnership. They have agreed that...
Dividing Partnership Income
Morrison and Greene have decided to form a partnership. They
have agreed that Morrison is to invest $285,000 and that Greene is
to invest $95,000. Morrison is to devote one-half time to the
business, and Greene is to devote full time. The following plans
for the division of income are being considered:
Equal division.
In the ratio of original investments.
In the ratio of time devoted to the business.
Interest of 5% on original investments and the...
Dividing Partnership Income Morrison and Greene have decided to form a partnership. They have agreed that...
Dividing Partnership Income
Morrison and Greene have decided to form a partnership. They
have agreed that Morrison is to invest $210,000 and that Greene is
to invest $70,000. Morrison is to devote one-half time to the
business, and Greene is to devote full time. The following plans
for the division of income are being considered:
Equal division.
In the ratio of original investments.
In the ratio of time devoted to the business.
Interest of 5% on original investments and the...
Dividing Partnership Income Morrison and Greene have decided to form a partnership. They have agreed that...
Dividing Partnership Income
Morrison and Greene have decided to form a partnership. They
have agreed that Morrison is to invest $282,000 and that Greene is
to invest $94,000. Morrison is to devote one-half time to the
business, and Greene is to devote full time. The following plans
for the division of income are being considered:
A) Equal division.
B) In the ratio of original investments
C) In the ratio of time devoted to the business.
D) Interest of 6% on...
Dividing Partnership Income Morrison and Greene have decided to form a partnership. They have agreed that...
Dividing Partnership Income
Morrison and Greene have decided to form a partnership. They
have agreed that Morrison is to invest $150,000 and that Greene is
to invest $50,000. Morrison is to devote one-half time to the
business, and Greene is to devote full time. The following plans
for the division of income are being considered:
Equal division.
In the ratio of original investments.
In the ratio of time devoted to the business.
Interest of 6% on original investments and the...
Dividing Partnership Income Morrison and Greene have decided to form a partnership. They have agreed that...
Dividing Partnership Income
Morrison and Greene have decided to form a partnership. They
have agreed that Morrison is to invest $240,000 and that Greene is
to invest $80,000. Morrison is to devote one-half time to the
business, and Greene is to devote full time. The following plans
for the division of income are being considered:
Equal division.
In the ratio of original investments.
In the ratio of time devoted to the business.
Interest of 6% on original investments and the...
Morrison and Greene have decided to form a partnership. They have agreed that Morrison is to...
Morrison and Greene have decided to form a partnership. They
have agreed that Morrison is to invest $195,000 and that Greene is
to invest $65,000. Morrison is to devote one-half time to the
business, and Greene is to devote full time. The following plans
for the division of income are being considered:
Equal division.
In the ratio of original investments.
In the ratio of time devoted to the business.
Interest of 5% on original investments and the remainder
equally
Interest...
Morrison and Greene have decided to form a partnership. They have agreed that Morrison is to...
Morrison and Greene have decided to form a partnership. They
have agreed that Morrison is to invest $267,000 and that Greene is
to invest $89,000. Morrison is to devote one-half time to the
business, and Greene is to devote full time. The following plans
for the division of income are being considered:
Interest of 5% on original investments, salary allowances of
$45,000 to Morrison and $75,000 to Greene, and the remainder
equally
Plan (e), except that Greene is also to...
Morrison and Greene have decided to form a partnership. They have agreed that Morrison is to...
Morrison and Greene have decided to form a partnership. They
have agreed that Morrison is to invest $267,000 and that Greene is
to invest $89,000. Morrison is to devote one-half time to the
business, and Greene is to devote full time. The following plans
for the division of income are being considered:
Interest of 5% on original investments, salary allowances of
$45,000 to Morrison and $75,000 to Greene, and the remainder
equally
Plan (e), except that Greene is also to...
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