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

Question

Thandie and Marco are partners with capital balances of $\$ 60,000$ . They share profits and losses at 50$\%$ . Chris contributes $\$ 30,000$ to the partnership for a 1$/ 3$ share. What amount should Thandie's capital balance in the partnership be?
A. $\$ 60,000$
B. $\$ 50,000$
C. $\$ 45,000$
D. $\$ 30,000$

Zach Steedman · Accepted 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

Puneet Prajapati · Answer

Okay, So, Mr the meaning, we&#x27;re working capital. Followed by that we will understand that little districts, Or does it wound and how we can derive it. And what is the actual in friends off looking? So it the force who does appropriate measures? Okay, Appropriate Major, which states that that which stands that how much off got into saves have bean financed with owner&#x27;s equity. Okay, so we have redundant technical definition. However, you can refer that definition definition after understanding that simply in clear example, that what is the actual meaning off working capital? So let&#x27;s suppose that first of all, most of all, we will write the formula for working capital. So legs like the formula for the capital. OK, so that will be our example as well as other formal. Let&#x27;s suppose you you have a business off selling for nature. Okay, we can say you have ah, business. All setting gardeners. Now you have sold some got names. Let me suppose $100 off. That means to your customers. And your customers are better addressed. But we sold. They promised the U $100 within convention. Okay, within one financial. Now what happened? You have agreed to the terms the customer s laid down in front of You know what happens to process such gardens you have purchased wrong with again from your supplier. You fought $72. You are also impressed with the customer off your supply. And you are Do you have promised your supply to pay $70 within one finishing Know what happens? This $100 home is the recoverable amount from West. But this $100 as that has been generated this $70 off liability. Okay, so this is a SEC weakens the garden district, and this is we&#x27;re in elaborately by current liability. My current dosage, because $100 is receivable from customers within one financial year only. Okay, so current as it is, the amount which are receivable within one financial okay and currently very pleased amount which is payable within one which has to be paid, represents entry to live in a one family. So we can understand from this from this equation $100 minus and impede on his back that forever the entity, whatever the entity will be receiving after subtracting $100 sandy notice from $100 will be didn&#x27;t net amount. That will be only by equally. Okay, so it belongs to, well, not active. Okay, that is understood. Okay, so we have form. Never form alone. So So So So this is the formula for working capital, that intersex my lister employability. Okay. And this is the $30 as answer that belongs to the owner. Okay, So out of $100 track $2 will belong to $70 well below the supplier who won&#x27;t be aperribay on in the current case. Also, we have current Essex off $100,000. Okay, ask that in visit. Thank current abilities on 42,000 donors. So on and on what we have in case overworking ability, looking capital that this $58,000. So the axe solution matches with Joyce D. Okay, However, you can write for time returned. So far, however, choice is the correct answer. So that&#x27;s all for this edition. Thank you.

Angela Guo · Answer

we&#x27;re going to let oh be equal to the value. Uh, the easy stock and your bonito acts you both of the value of X Y z. So Okay, so what we know is that one share of the VC stock is worth three kinds of much as X y z. So meaning a is equal to you re x. So we have an investor who has 100 shares of each, and we know that the total value of the stock together is 4500. So many 100 shares. Uh, BBC at price of a plus 100 shares of X y Z prices. Thanks. Well, give us a total value of 4000 500 cases. Since we know that um is equal to three X, we can substitute, but it But this will give us 400 times three X, which is re 100 I What 100 is equal to 4500. The nail combining like terms this will give us 400 X is equal. The 4000 500 now dividing both sides by 400 will give us access equal to $11.25. So The question is asking how much money is invested in stocks. So access worried $11.25 and the investor has 100 shares of it. Then he has 11.25 times 100 people would have 1125 invested. And so I see. In this sense, a is equal to three kinds. Axe. He is going to be equal 23 times 11.25 which is 33.75 And he also has 100 shares. Uh, that&#x27;s so so this is going to be they think my Southern five times, huh? Times 100 and that&#x27;s going to give us $3375 invested.

Charles Carter · Answer

Okay, so, uh, this is a kind of a finance problem. Just tells us we&#x27;re gonna invest into two accounts. $24,000. So our first equation just gonna be X plus y just both accounts. He goes 24,000. It tells us the first account pays 5% our 0.35% interest. So 0.35% not percent 3.5% interest, which comes out to be the decimal 0.35 And our second account pays 5% interest. Next on my represents, how much money we&#x27;re investing in each one of those accounts. So that&#x27;s going to identify that. So X is the 3.5% account and why is the 5% count? Okay, So and the total amount of interest we want to make for some reason, is less than the maximum you could make is the maximum would be if you invested all of it in the UAE accounts. I don&#x27;t know why you want to split it up and make less, but there you have. It s o. The total amount of interest we want to make is 9 30 I&#x27;m gonna multiply top equation by 0.5 on them to help us, I work our way down to the answers we&#x27;re looking to solve for the account balance in the ex account. So I most about 0.5 because that&#x27;s gonna help us eliminate the Y values so we can just go ahead and solve for the ex account. So by multiple, about 0.5 I&#x27;ll have 0.5 x and 0.35 x. My wife values will cancel, and I&#x27;m gonna have 0.5 times 24,000 which is 1200. Uh, bottom still gonna be 9 30 Cannot wine values of just cancel. So we&#x27;re gonna have 0.15 x equals. And when we subtract this, 1200 minus 9 30 is gonna be 270. If I divide both sides by 0.15 I&#x27;ll have the axe is $18,000. So that&#x27;s how much we want to invest in that 3.5% account. Uh, if he wanted to extend this problem further, the Y value would just be 24,000 minus that which is just 6000. So I think the question Just ask for the X value. Um, so just make sure you know when you&#x27;re solving these problems, you know exactly what is asking for. Thank you very much.

Zach Steedman · Answer

We have an interesting problem here. With lots of parts. 51,000 is needed to be invested by Julian Kristen, but they do not invest equally. They invest so that Julie invest five 5 17 so I can already see it. And Kristen Invest 12 17th and so it&#x27;s a 5 to 12 ratio. In other words, this is gonna be split up into 17 pieces and then kind of redistributed. And so, while that might be a little bit complicated, here&#x27;s what I can see. If 51 thousands equal to 17 X, then I need to take 15 1000 and divided by 17 to find out what that X equals, which is 3000 to stick with me here. If that is the X value, then I multiply 3000 times five to get Julie&#x27;s in. So 3000 times five equals 15,000. That&#x27;s how much Julie would invest now 12 exes. Kristen. So I gotta take 3000 and multiply it by 12 to see what Julie would invest in. 3000 times 12 ends up being 36,000 away. I can double check and know that these air right? If I add these two up I get that 51,000. I want so Julie. 15,000 in Kristen. 36,000. That&#x27;s part a. Now we have to figure out what percentage is owned by Kristin and what percentage is owned by Julie. Like I said, because it&#x27;s a 5 to 12 ratio, 17 is kind of what we&#x27;re thinking if we put five plus 12 and that&#x27;s important because Kristen owns 12 out of 17 share and so basically 12 I by 17 is going to give us the percentage. It&#x27;s not gonna be a nice number, but the good news is they tossed around to the nearest temp. So you C 0.7058 7058 was rounded 2706 Now this is a decimal to make that a percent, you multiply by ah 100 meaning 70.6% is owned by, and I&#x27;ll put this year so we can keep track. Kristen Part C is super interesting. They say What happens if the business grows to three million and you might think, Oh, well, I got to take three million and find her percent multiply. Nope. Really, If Kristen on 70.6%. We confined what percentage Julie owns merely by taking the whole company 100% of it and subtracting Kristen&#x27;s percentage 70.6. And it turns out that equals 29.4 percent. And that is Julie&#x27;s percentage. It doesn&#x27;t matter if this company is worth 51,003 million or 10 million. Julie&#x27;s gonna own this percentage in Kristen will own this percentage.

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Thandie and Marco are partners with capital balan…

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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