Eddie and Lauren are partners in a business.Eddie's original capital contribution was $80,000,and Lauren's was $120,000.They agreed to share profits and losses as follows:

Calculate each partner's share of profits and losses,assuming (a)the profit was $200,000, (b)the profit was $140,000,and (c)the loss was $16,000.

Question

Eddie and Lauren are partners in a business.Eddie's original capital contribution was $80,000,and Lauren's was $120,000.They agreed to share profits and losses as follows:

Calculate each partner's share of profits and losses,assuming (a)the profit was $200,000, (b)the profit was $140,000,and (c)the loss was $16,000.

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The Answer of Eddie and Lauren are partners in a business.Eddie's original capital contribution was $80,000,and Lauren's was $120,000.They agreed to share profits and losses as follows:

Calculate each partner's share of profits and losses,assuming (a)the profit was $200,000, (b)the profit was $140,000,and (c)the loss was $16,000.

Eddie and Lauren Are Partners in a Business