Three business partners owned 100% of a certain company. When they sold the company, one partner received exactly 5/8 of the proceeds of the sale and the other partners shared the remainder of the proceeds. How much money did the partner who received the smallest amount of the proceeds receive from the sale? A) The partner who received the smallest amount from the sale received exactly 1/5 the amount received by the partner who received the second largest amount. B) The partner who received the second largest amount from the sale received half of the two million dollars received by the partner who received the largest amount.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Three business partners owned 100% of a certain company. When they sold the company, one partner received exactly 5/8 of the proceeds of ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
I hat does it mean if a check was skipped on a bank statement
Answers (1)
Reliable is debating whether to add 2 million units or 1.5 million units of capacity to the Asia plant. The larger plant increase will cost $18 million, whereas the smaller addition will cost $15 million.
Answers (1)
In the integrated process, under which of the following conditions will the fulfillment process steps be suspended until the production process steps are complete? a. When there are insufficient quantities of raw materials in inventoryb.
Answers (1)
Given the following information for Ted's Dread Co., calculate the depreciation expense: sales = $68,500; costs = $51, 700; addition to retained earnings = $4,500; dividends paid = $2,420; interest expense=$2,130; tax rate=21 percent.
Answers (1)
What is the first question that needs to be answered when organizing an economy? A. How is production to be organized? B. What is to be produced? C. What is the most effective allocation of resources? D. How are goods and services to be distributed?
Answers (2)
New Questions in Business
Natalie has an easement to drive across Donald's road. Which of the following circumstances would terminate this easement? A. Sale of Natalie's propertyB. Sale of Donald's propertyC. Revocation of the easement by DonaldD.
Answers (1)
In a basic AD-AS model, if the economy is at the equilibrium on the far left of the potential real output level, then a contractionary monetary policy will
Answers (2)
What is the most common work-related hazard for a room attendant
Answers (1)
What may happen if the threaded heating element in percolator is not very tightly mounted
Answers (1)
Cole is refinishing an antique china cabinet and has already spent $180 on the restoration. He expects to be able to sell the cabinet for $360.
Answers (1)