You were given the following capital balances of the partners of Pinnacle Trading: Stephanie Php 10,000 Angel Php 20,000 Nichole Php 30,000 The partners agreed to divide profit or loss in the ratio of their capital balances. If the partnership earned a profit of Php 30,000 for the year, compute the share of Stephanie, Angel, and Nichole to the profit of the business.
You were given the following capital balances of the partners of Pinnacle Trading: Stephanie Php 10,000 Angel Php 20,000 Nichole Php 30,000 The partners agreed to divide profit or loss in the ratio of their capital balances. If the partnership earned a profit of Php 30,000 for the year, compute the share of Stephanie, Angel, and Nichole to the profit of the business.
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
Problem 1PS
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You were given the following capital balances of the partners of Pinnacle Trading:
Stephanie Php 10,000
Angel Php 20,000
Nichole Php 30,000
The partners agreed to divide profit or loss in the ratio of their capital balances. If the partnership earned a profit of Php 30,000 for the year, compute the share of Stephanie, Angel, and Nichole to the profit of the business.
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