How much of the profits is frazier entitled to receive

Reference no: EM13187137

Frazier and Roz are partners. Frazier contributes $30,000 to the partnership, and Roz contributes $10,000. They agree that Frazier will assume 70 percent of partnership losses and that Roz will assume 30 percent. They make no agreement about how to share profits. The partnership has a profit of $60,000 in its first year. How much of the profits is Frazier entitled to receive?

Reference no: EM13187137

Questions Cloud

Find the speed and direction of the woman : A woman walks due west on the deck of a ship at 2 mi/h. The ship is moving north at a speed of 15 mi/h. Find the speed and direction of the woman relative to the surface of the water. (Round your answers to one decimal place.)

Calculate how much money the first place winner will receive : in a cricket match there was $32000 in prizes money to be shared among the first three teams.the first place winner gets $10000 more than the second place winner.the second place winner gets $2000. more than third place winner. calculate how much ..

Calculate the total change in money supply : One alternative way (from the formula on p. 419) to calculate the total change in money supply when the Fed injects money into the economy or takes away money from the economy is the amount of money injected or taken away by the Fed times the mone..

Compute the oxygen content of the plasma in mm : Calculate the oxygen content of the plasma in mM! 1 ml plasma dissolves 24 uL oxygen at 38 degrees C if the partial pressure is 103 kPa.

How much of the profits is frazier entitled to receive : Frazier and Roz are partners. Frazier contributes $30,000 to the partnership, and Roz contributes $10,000. They agree that Frazier will assume 70 percent of partnership losses and that Roz will assume 30 percent.

Depict the structure the is represented : Using the potential energy diagram below, answer the following questions concerning the given reaction: Draw the structure the is represented by the following 1, 2, 3and 4

Which students would borrow and which would lend : Three students have each saved $1000. Each has an investment opportunity in which he or she can invest up to $2000. The rates of return on the students' investment projects are: Harry: 5% Ron: 8% Hermione: 20%.) If borrowing and lending is prohibit..

Tax consequences of the operating distribution : Discuss the similarities and differences between the tax consequences of the operating distribution and the tax consequences of the liquidation distribution.

How long ago was the artifact made : A wooden artifact from an ancient tomb contains 60% of the carbon-14 that is present in living trees. How long ago was the artifact made? (The half-life of carbon-14 is 5730 years. Round your answer to the nearest whole number.)

User Account

All Pages