Asked by Julannah Cobbs on May 12, 2024
Verified
The profits from a partnership are to be distributed so that Grace receives 20% more than Kajsa, and Mary Anne receives five-eighths as much as Grace. How much should each receive from a total distribution of $36,000?
Partnership Profits
The net earnings distributed among partners in a business partnership according to the agreed-upon terms.
Total Distribution
The total amount of income distributed to investors, including dividends and other payouts, from an investment over a specific period.
- Acquire knowledge about and apply the principles of ratio and proportion in tackling everyday problems.
- Allocate capital or divide resources in accordance with pre-determined proportions or guided by specific principles.
Verified Answer
XC
Xaymara CarrilloMay 17, 2024
Final Answer :
Kajsa receives $12,203.39; Grace receives $14,644.07; Mary Anne receives $9152.54
Learning Objectives
- Acquire knowledge about and apply the principles of ratio and proportion in tackling everyday problems.
- Allocate capital or divide resources in accordance with pre-determined proportions or guided by specific principles.