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What is annual weighted average capital balance of er

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Problem 1: Partner A first contributed ?50,000 of capital into an existing partnership on March 1, 2002. On June 1, 2002, said partner contributed another ?20,000. On September 1, 2002, he withdrew ?15,000 from the partnership. Withdrawal in excess of ?10,000 is charged to the partner's capital account. What is the annual weighted average capital balance of Partner A?

a. 32,500         c. 60,000

b. 51,667         d. 48,333

Reference no: EM132759332

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