Frank and Harry Are Partners

question 89

Multiple Choice

Frank and Harry are partners. Frank has a capital balance of $50,000 and Harry has a capital balance of $40,000. Bill invested a building worth $30,000 to the partnership for an ownership interest of 20%. Calculate Bill's capital in the new partnership.

• A)$10,000
• B)$30,000
• C)$20,000
• D)$24,000

---

Definitions:

Marketers Importance

The significance of marketers in identifying consumer needs, creating value, and engaging target audiences effectively to promote products or services.

Marketspace Value

The perceived value or impact of a product, service, or brand in the digital or online marketplace.

Consumers Creation

Involvement of consumers in the design, development, or customization of products to meet their personal needs or preferences.

Marketing Dashboard

A visual representation tool that displays key marketing metrics and KPIs to monitor the performance and effectiveness of marketing strategies.