Samuel and Darci are partners. The partnership capital for Samuel is $50,000 and that of Darci is $60,000. Josh is admitted as a new partner by investing $50,000 cash. Josh is given a 20% interest in return for his investment. The amount of the bonus to the old partners is

Question

Damon Alvarado

Business

21 May, 22:24

Samuel and Darci are partners. The partnership capital for Samuel is $50,000 and that of Darci is $60,000. Josh is admitted as a new partner by investing $50,000 cash. Josh is given a 20% interest in return for his investment. The amount of the bonus to the old partners is

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Heidy Bates · Answer 1

The amount of bonus to the old partner is = $18,000

Explanation:

Samuel capital = $50,000

Darci capital = $60,000

Josh's capital = $50,000

Total capital of the three partners = $50,000 + $60,000 + $50,000

Total capital of the three partners = $160,000

Josh's share = $160,000 * 20%

Josh's share = $32,000

The amount of bonus to the old partners = $50,000-$32,000 = $18,000