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Allan and Rick Are Partners Who Share Profits and Losses

Question 70

Multiple Choice

Allan and Rick are partners who share profits and losses in the ratio of 3:2 for Allan and Rick, respectively. They have capital balances of $40,000 and $47,000, respectively. If Tammy invests $32,000 for one-third interest, Tammy's capital balance will be: (Round your answer to the nearest dollar.)


A) $39,667.
B) $29,000.
C) $32,000.
D) $23,800.

Correct Answer:

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