9.You have a signed a partnership agreement distributing profits based on salary and investment with your college roommate. If profit for the first year is $45,000, how much will you receive based on the following: your original investment, $35,000; your partner's investment, $25,000; and you earn a $30,000 annual salary? LU 21-4(1) Total Invested Profit minus saleary You Partner
9.You have a signed a partnership agreement distributing profits based on salary and investment with your college roommate. If profit for the first year is $45,000, how much will you receive based on the following: your original investment, $35,000; your partner's investment, $25,000; and you earn a $30,000 annual salary? LU 21-4(1) Total Invested Profit minus saleary You Partner
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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Transcribed Image Text:9.You have a signed a partnership agreement distributing profits based on salary and investment with your college roommate.
If profit for the first year is $45,000, how much will you receive based on the following: your original investment, $35,000; your partner's investment, $25,000; and you earn a $30,000 annual salary? LU 21-4(1)
Total Invested
Profit minus saleary
You
Partner
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