1.Pi, Ka and Chu are partners in a partnership. If Pi and Ka are capitalist partners sharing 60 %, 40 % sharing respectively and Chu is an industrial partner. The company had a profit for the year of 140,000. How much would Chu share in the profit? 2. Pi, Ka and Chu are partners in a partnership sharing 25 %, 35 % and 40 % respectively. All partners have invested cash upon formation. In addition to cash, Chu also invests his skills and knowledge in the partnership. The company had a profit for the year of 125,000. How much would Chu share in the profit? 3. Pi, Ka and Chu are partners in a partnership. If Pi and Ka are capitalist partners sharing 60%, 40 % sharing respectively and Chu is an industrial partner The company had a loss for the year of 100,000 . How much would Chu share in the loss? 4. Pi, and Chu are partners in a partnership which shares 2:3:5. The company had a profit for the year of 100, 00 . How much would Chu share in the profit? 5. PiKa and Chu are partners in a partnership which shares equally. The company had a profit for the year of 300, 00. How much would Chu share in the profit?
1.Pi, Ka and Chu are partners in a partnership. If Pi and Ka are capitalist partners sharing 60 %, 40 % sharing respectively and Chu is an industrial partner. The company had a profit for the year of 140,000. How much would Chu share in the profit? 2. Pi, Ka and Chu are partners in a partnership sharing 25 %, 35 % and 40 % respectively. All partners have invested cash upon formation. In addition to cash, Chu also invests his skills and knowledge in the partnership. The company had a profit for the year of 125,000. How much would Chu share in the profit? 3. Pi, Ka and Chu are partners in a partnership. If Pi and Ka are capitalist partners sharing 60%, 40 % sharing respectively and Chu is an industrial partner The company had a loss for the year of 100,000 . How much would Chu share in the loss? 4. Pi, and Chu are partners in a partnership which shares 2:3:5. The company had a profit for the year of 100, 00 . How much would Chu share in the profit? 5. PiKa and Chu are partners in a partnership which shares equally. The company had a profit for the year of 300, 00. How much would Chu share in the profit?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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1.Pi, Ka and Chu are partners in a partnership. If Pi and Ka are capitalist partners sharing 60 %, 40 % sharing respectively and Chu is an industrial partner. The company had a profit for the year of 140,000. How much would Chu share in the profit?
2. Pi, Ka and Chu are partners in a partnership sharing 25 %, 35 % and 40 % respectively. All partners have invested cash upon formation. In addition to cash, Chu also invests his skills and knowledge in the partnership. The company had a profit for the year of 125,000. How much would Chu share in the profit?
3. Pi, Ka and Chu are partners in a partnership. If Pi and Ka are capitalist partners sharing 60%, 40 % sharing respectively and Chu is an industrial partner The company had a loss for the year of 100,000 . How much would Chu share in the loss?
4. Pi, and Chu are partners in a partnership which shares 2:3:5. The company had a profit for the year of 100, 00 . How much would Chu share in the profit?
5. PiKa and Chu are partners in a partnership which shares equally. The company had a profit for the year of 300, 00. How much would Chu share in the profit?
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