Alex (A), Bebeto (B), and Carol (C) decide to start a lawn mowing business together andform a partnership. A invests $105,000, B invests $175,000, and C invests $280,000.They agree to share the profits in the same ratio as their investments.a. What is the ratio of their investments?Express in lowest termsb. If A's profit was $29,000 in the first year, calculate B's profits and C's profits.SAVE PROGRESSSUBMIT ASSIGNK20acer立 c. In the second year, their total profit was $160,000. How much would each of themreceive from this total profit?A's share:Round to the nearest centB's share:Round to the nearest centC's share:Round to the nearest cent->SAVE PROGRESSSUBMITASS耳acerA F7F8 F9F10 F11 E12F6PrtScImpr. êcr,PauseBreakNumlkScr Lk

CALCULATION OF RATIO OF THEIR INVESTMENT : INVESTMENT A = $105,000 , B = $175,000 , C = $280,000…

Alex (A), Bebeto (B), and Carol (C) decide to start a lawn mowing business together and form a partnership. A invests $105,000, B invests $175,000, and C invests $280,000. They agree to share the profits in the same ratio as their investments. a. What is the ratio of their investments? Express in lowest terms b. If A's profit was $29,000 in the first year, calculate B's profits and C's profits. ->

Alex (A), Bebeto (B), and Carol (C) decide to start a lawn mowing business together and form a partnership. A invests $105,000, B invests $175,000, and C invests $280,000. They agree to share the profits in the same ratio as their investments. a. What is the ratio of their investments? Express in lowest terms b. If A's profit was $29,000 in the first year, calculate B's profits and C's profits. ->

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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