Paco and Kate invested $99,000 and $126,000, respectively, in a partnership they began one year ago.Assuming the partnership earned $120,000 during the current year, compute the share of the net income each partner should receive under each of these independent assumptions.

Question

Quizplus · Accepted Answer

The Answer of Paco and Kate invested $99,000 and $126,000, respectively, in a partnership they began one year ago.Assuming the partnership earned $120,000 during the current year, compute the share of the net income each partner should receive under each of these independent assumptions.

Paco and Kate Invested $99,000 and $126,000, Respectively, in a Partnership