Asked by Chris Blackston on Apr 30, 2024
Verified
Mike, Tom, and Larry invested $78,750, $22,500 and $123,750 respectively in a consulting business. They decided to expand the business by injecting an extra $180,000. How much should each invest in order to maintain the same proportion?
Consulting Business
A professional service firm that provides expert advice to other businesses or individuals in a specific field.
- Implement ratio and proportion fundamentals within the context of profit allocation and partnership capital contributions.
Verified Answer
ZK
Learning Objectives
- Implement ratio and proportion fundamentals within the context of profit allocation and partnership capital contributions.
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