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Rex and Sandy are partners. Rex has a capital balance of $350,000 and Sandy has a capital balance of $280,000. Marcus invests a building worth $210,000 to acquire interest in the new partnership. How much will be the partnership share of Marcus after he makes the investment? (Assume no bonus to any partner.)
Production
The act of producing products and offerings.
Finished Goods
Products that have completed the manufacturing process but have not yet been sold or distributed to customers.
Inventory
The goods and materials a business holds for the ultimate goal of resale or processing.
February
Known as the second month in the Gregorian calendar, it has 28 days in standard years and 29 days in years classified as leap years.
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