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Mathew,Patrick,and Robin and Have Capital Balances of $75,000,$125,000 and $93,000,respectively

Question 168

Multiple Choice

Mathew,Patrick,and Robin and have capital balances of $75,000,$125,000 and $93,000,respectively.As per the partnership agreement,Mathew gets a profit share of 2/9; Patrick gets 4/9; and Robin gets 3/9.Partnership agrees to pay $65,000 as final settlement to Mathew.How much bonus will Robin receive as a result of this transaction? (Do not round intermediate calculations and round the final answer to the nearest dollar.)


A) $5714
B) $4286
C) $5556
D) $4444

Correct Answer:

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