Mandy Annie and Tammy formed a partnership with income-sharing ratios of 50% 30% and 20% respectively. Cash of $300000 was available after the partnership's assets were liquidated. Prior to the final distribution of cash Mandy's capital balance was $200000 Annie's capital balance was $150000 and Tammy had a capital deficiency of $50000. Assuming Tammy contributes cash to match her capital deficiency Mandy should receive

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The Answer of Mandy Annie and Tammy formed a partnership with income-sharing ratios of 50% 30% and 20% respectively. Cash of $300000 was available after the partnership's assets were liquidated. Prior to the final distribution of cash Mandy's capital balance was $200000 Annie's capital balance was $150000 and Tammy had a capital deficiency of $50000. Assuming Tammy contributes cash to match her capital deficiency Mandy should receive

Mandy Annie and Tammy Formed a Partnership with Income-Sharing Ratios