A, B, C form a partnership with an agreed ratio to share profit and loss in the ratio of 4/3/2.With a net income of $50,000, Partner B would receive:

Question

Quizplus · Accepted Answer

To find out how much Partner B would receive, we need to first calculate the total share of the partnership. We can do this by adding the ratio numbers together:

4 + 3 + 2 = 9

This means that the partnership is divided into 9 equal parts.

To find out how much Partner B receives, we need to determine what fraction of the total share belongs to them.

Partner B's share is 3 out of the total 9:

3/9 = 1/3

Now we can find out how much Partner B would receive by multiplying their fraction of the total share by the net income:

(1/3) x $50,000 = $16,667

Therefore, the answer is B.

A, B, C Form a Partnership with an Agreed Ratio