thandie-and-marco-are-partners-with-capital-balances-of-60000-they-share-profits-and-losses-at-50--3

Question

Thandie and Marco are partners with capital balances of $\$ 60,000 .$ They share profits and losses at 50$\%$ . Chris contributes $\$ 60,000$ to the partnership for a 1$/ 3$ share. What amount should the parthership record as an individual bonus to each of the old partners?
A. $\$ 10,000$
B. $\$ 7,000$
C. $\$ 0$
D. $\$ 5,000$

Tani Iqbal · Accepted Answer

Okay, so in the problem, there are two partners. Partner one is going to invest $10,000 immediately. Partner, too. They want to contribute in equivalent equivalent amount in three years. So whatever partner one is going to make in three years partner to is going to invest after three years. That&#x27;s what their initial and I was going to end up being so that these two numbers are the same. So how much should partner to invest to match partner one&#x27;s final investment? That&#x27;s basically what the questions asking. So what you need to know before it&#x27;s and the problem is the interest rates, which I&#x27;m going to label Lazar, is 6% so that the same thing is 0.6 as a decibel, and then it is calm, pounded semi annually. So if it&#x27;s a compound interest, probably need to figure out how many times is going to be, um, how about it? So, Sam semi annually means twice a year, so you&#x27;re gonna your end is gonna be, too, and then t is your time. So that&#x27;s three years. So you&#x27;re going to stick that into the formula is equal to P one plus are over. And aunty A is what we&#x27;re trying to figure out. That&#x27;s the final amount for partner one. Okay, P, that&#x27;s 10,000. That&#x27;s your initial amount. And you have one plus R, which is 0.6 over two over two times three. Okay, we&#x27;re going to just take that all into a calculator and see what we get. So you get 10,000 and then one plus 10.6 divided by two. That&#x27;s 20.3 and then to the power of two times three, which is so that&#x27;s going to get us 11 940.52 So your answer is 11 points. Nine. Does it point comma 40 points. Five. That is your answer.

Zach Steedman · Answer

we have a business that is invested by three people. The 1st 2 people invest attitude of three ratio, and then we know that this third person invest twice as much as the two of them combined. So, for instance, if we combine two and three, we would get five and twice a Muchas that is 10. And so we know the ratio amongst the three people is 2 to 3 to 10. And so basically, we can find out how much this person this third person has by saying, if I do 10 plus three plus two, that&#x27;s 15. And so basically, this would be kind of the total. And so if I&#x27;m saying, what this person owns is 10 to 15 ratio where 15 is the total company, and maybe that doesn&#x27;t make quite as much sense is seen. It is a fraction this person owns 25th of that company and a nisi kind of way I&#x27;m already getting to part C. If you divide both of these by five, that person owns 2/3 of the company. And so this right here is the answer to part C. And I&#x27;m gonna use this also to find the answer to part, Okay, Because if this company is worth $30 million I just need to multiply this by the two. Not 1/3 by 2/3. And I&#x27;ll see how much this person owns. Well, 2/3 as a decimal 0.6 repeating. And so, if you plug that into your calculator multiplied by 30 um, you will get that this person owns 20 million of the company. So let me try to write that and maybe how I didn&#x27;t green so that it kind of stands out in this little bit jumbled up. So this is the answer to part A. This person owns 20 million of the company and Parsi they own 2/3. I believe Part B just asked, Do they own more than half of it and does a major investor on Matt more than half of business? Absolutely. Half the business would be 15 million and 20 million is more than half. And so sorry that this is a hair disorganized with the answer. Part B is yes, they do own a majority of the business. A 20 million be Yes, they own a majority of it. And C they own 2/3

Christine Anacker · Answer

We&#x27;re dealing with a situation where we&#x27;ve got three different couples here. All want to make next $1000 in here interests. They&#x27;ve got three different amounts of money they invest, and we&#x27;ve got three different percentages weaken accounts. We can invest you. You. So they just wanted to give some options as to what we could do in order to make this money. So the lowest, a couple of the lowest mom is gonna want to try to invest more money in the higher one. For example, I could go No, in the 7% What? My money evenly between the 10 9 in the 11%. And I&#x27;d make exactly my $2000 but I would need whereas if I yeah, if I wanted to go $1000 a year, I would then have to put a boat but eat ground in this one in the last 11,000 this one in order to make it. Or I could go a 4000 here and then I go with 2000 here in the last 16,000 here. So those are some options. What would you They&#x27;re not all the options, but they are some of them. If I looked at a couple B, I have more money to invest. I don&#x27;t have as much in the higher percentage accounts, but more into the lower percentage accounts to make the same. So, for example, I could split my money evenly between the two lower percentages nine 11%. Or I could stick, Let&#x27;s say 2500 years and I could stick 4500 years in the last four grand here, and I would have enough money or I could split it between my high end and my low. So I put 18,750 there and then the last 6250 my last one, but none of my middle account and still make the 2000 I need in a month. And if I look at my last one, they&#x27;ve got $30,000. So even if I look here and I put it all in my bottom account here, that already nets more than two grand a month, you can slip this however you want and you&#x27;re running it to Grandma. I mean, you could put 10,000 here. Yeah, 1000 here, and you are making more than enough money. So however you want to split, see, you&#x27;re gonna make enough money more than enough money. Regardless, that&#x27;s just some options of what we could do. Um, that body slides here does ask. What advice would you give? Never, ever, ever. If you can avoid it, try to put all of your money one account. Always try to split it up with your three differences. Ever heard the phrase Don&#x27;t put all your eggs in one basket? That&#x27;s because you can lose. Markets are risking batsman Special hiring percentages tend to have more risk, so if you can put it in the Lord this energy war of secret investing bracket. But you really your best option is to try to split it all up AM.

Brandon Fox · Answer

so on this problem. The first problem over here is that they have two different ah, investments X and Y. And together they make up $150,000. That&#x27;s where this comes from. And then their actual investments. 10% of this one infection of this one has to make $12,000 total. So we&#x27;re gonna go ahead and ah, solve this first on the figure out how much they&#x27;re gonna invest in each one. Now what I&#x27;ll do here&#x27;s I&#x27;ll actually go ahead and multiply everything by 0.1 of the 1st 1 So 10.1 x plus plate point when why equals and then 150,000 times. 0.1 is 15,000. So little head, right, Um, 15,000 here and we&#x27;ll go ahead and subtract because our exes are lined up. They&#x27;re the same. So, um, let&#x27;s subtract up. This is gonna be 0.1 minus 0.5 Will be 0.5 Why? And then subtract up will be 3000 here and then divide 3000. By that 0.5 that&#x27;s gonna be 60,000. So why equals 60,000? And since there&#x27;s 150 total, that means excrement after the other part of the 150 which would be 90,000. So this will be your first part to invest to make $12,000. Now, the second part is to make $14,000. So there there needs have changed. It&#x27;s gone up. And so we&#x27;ll do the same. They will move by the 1st 1 by 10.1 X oppo. Sorry 0.1, anyway. Ah, and we&#x27;ll still get 15,000 here. And once again, we&#x27;ll still subtract up Good. Subtract up here will go the blot unless they cancel you get your 0.5 Why here And then Now it&#x27;s 1000 right here. So divide 1000 by 0.5 and you get, um, why equals And this is 20,000. So on the other side of the access to 150 total, it&#x27;s going to 130,000 on that goes into the X. So this is my answer for part two

Sheryl Ezze · Answer

So Betsy has some money to invest, and she has $50,000 and she&#x27;s either going to invest in, uh, well, say she&#x27;s gonna have X dollars will go into some type of B rated bond, and that&#x27;s gonna earn 15% interest. And then 50,000 minus X is how much she&#x27;ll invest in this CD that&#x27;s going to get 7% per year. And she wants a cuma ble to end up with $6000 of extra money each year from that. So we want to know how much should she invest in each to make that come out perfectly to be $6000? So 60000.15 times X is gonna be how much money she&#x27;ll earn from this money and then 0.7 times. The 50,000 minus X is how much she&#x27;ll earn from the 500 in one year, and we want that to total out to be 6000. So we distribute, and when we distribute here, that comes out to be 3500 minus seven. X equals 6000, and we can subtract from both sides and combine these two together. So that gives this point. 08 x is equal to and then 6000 minus the 3500 comes out to be the 2500 and then finish up with a little division 0.8 And when we do, we end up getting X was the amount, and that&#x27;s the amount she&#x27;s gonna put into the B rated fund. So that one is how much she should put into the B rated bond. And then, if we take the 50,000 minus that 50,000 minus X and subtract that away, we find out that 18,000 $750 she would put into the CD so to have what she wanted. That&#x27;s what we should have for our investment this much in the first fund this much in the second fund.

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Mitchell Franklin, Patty Graybeal, Dixon Cooper

Principles of Accounting Volume 1: Financial Accounting

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Principles of Accounting Volume 1: Financial Accounting

Mitchell Franklin, Patty Graybeal, Dixon CooperPrinciples of Accounting Volume 1: Financial Accounting

Mitchell Franklin, Patty Graybeal, Dixon Cooper

Principles of Accounting Volume 1: Financial Accounting