menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Mathematics
  3. Study Set
    Contemporary Business Mathematics Study Set 1
  4. Exam
    Exam 1: Review of Arithmetic
  5. Question
    Jessica Hughes Invested $40 000 on January 1 in a Partnership
Solved

Jessica Hughes Invested $40 000 on January 1 in a Partnership

Question 144

Question 144

Essay

Jessica Hughes invested $40 000 on January 1 in a partnership. She withdrew $15 000 on June 1, withdrew a further $2000 on August 1, and reinvested $8 000 on November 1. What was her average monthly investment balance for the year?

Correct Answer:

verifed

Verified

blured image blured image blured image Average...

View Answer

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q134: Abu sells mutual funds for CIBC. On

Q135: Simplify: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3016/.jpg" alt="Simplify: " class="answers-bank-image

Q136: Certify Auto Repair (CAR) files GST returns

Q137: Beth's annual salary is $42 120.00. Her

Q138: A salesperson earned a commission of $926.59

Q139: Evaluate: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3016/.jpg" alt="Evaluate: " class="answers-bank-image

Q140: C.O. is paid a semi-monthly salary of

Q141: Change the following percent into a common

Q142: A salesperson receives a weekly base salary

Q143: You bought two items for a total

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines