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Question
Tanner, Schmidt, and Hayes are partners with capital account balances of $100,000, $120,000, and $96,000 respectively. They share profits and losses in a 3:4:3 ratio. Schmidt wishes to leave the partnership and will be paid $125,000. What are the remaining capital account balances after Schmidt withdraws?
A. Tanner $95,500; Hayes $95,500.
B. Tanner $102,500; Hayes $98,500.
C. Tanner $100,000; Hayes $96,000.
D. Tanner $97,500; Hayes $93,500.
E. Tanner $100,000; Hayes $91,000.
Answer
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Related questions
Q:
Periods
12 Percent 1
8929 2
1.6901 3
2.4018 4
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Q:
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Q:
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Q:
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