Solved

The Ownership Interests of Four Partners in a Manufacturing Business

Question 175

Essay

The ownership interests of four partners in a manufacturing business are 20%, 30%, 10%, and 40%. The partner with the 20% interest wants to sell her interest for $125,000. The other partners have agreed to split the 20% interest and to pay the asking price in proportions that will leave them with the same relative ownership as they now possess. How much should each partner contribute towards the $125,000 purchase price?

Correct Answer:

verifed

Verified

$46,875; $...

View Answer

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents