A & B Form a Partnership

question 4

Essay

A & B form a partnership.A invest $35,000 and B Invests $55,000.After 10 years the partnership is dissolved.The net income in the last year is $25,000 and both partners agree to take 10% interest on their initial capital investment and share profit and loss equally.Assume all liabilities have been paid.
Instructions: Calculate the minimal ending capital balance for both partners' upon dissolution assuming there is enough cash for disbursement upon dissolution.

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Definitions:

Neurons

The fundamental units of the brain and nervous system responsible for receiving sensory input from the external world, processing this information, and sending commands to the body.

Brain

The organ located in the head of an animal that controls its actions, thoughts, feelings, and interactions with the environment; central to the nervous system.

Mood Molecule

A colloquial term often used to refer to serotonin, a neurotransmitter that is linked to regulating mood, emotions, and several other functions in the body.

Neurotransmitter

Substances that act as intermediaries, sending signals from one nerve cell to another neuron, muscle cell, or gland cell across a chemical synapse.