Copps,Rock,and Grey have recently formed a partnership by investing $50,000,$70,000,and $40,000,respectively.They are considering several methods of allocating income and losses.
Compute the partners' shares of profits and losses under each of the following plans:
a_Net income is $90,000 and the partners could not agree on a plan for net income/loss division.
b_The net loss is $42,000 and the partners agreed to share in the profits based on a 2:1:2 ratio.The agreement did not address losses.
c_Net income is $105,000 and the partners agreed to share profits based on the relationship of their initial capital balances.
d_The net loss is $60,000 and the partners agreed to share profits and losses based on 50% to Copps,15% to Rock,and 35% to Grey.
Round all answers to the nearest whole dollar.

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The Answer of Copps,Rock,and Grey have recently formed a partnership by investing $50,000,$70,000,and $40,000,respectively.They are considering several methods of allocating income and losses.
Compute the partners' shares of profits and losses under each of the following plans:
a_Net income is $90,000 and the partners could not agree on a plan for net income/loss division.
b_The net loss is $42,000 and the partners agreed to share in the profits based on a 2:1:2 ratio.The agreement did not address losses.
c_Net income is $105,000 and the partners agreed to share profits based on the relationship of their initial capital balances.
d_The net loss is $60,000 and the partners agreed to share profits and losses based on 50% to Copps,15% to Rock,and 35% to Grey.
Round all answers to the nearest whole dollar.

Copps,Rock,and Grey Have Recently Formed a Partnership by Investing $50,000,$70,000,and