The balance sheet of Ryan and Peter firm as on December 31,2017,is given below.
Ryan and Peter share profits in the ratio 3:2.They have decided to liquidate the partnership with immediate effect.After completing all the liquidation procedures (assuming all assets and liabilities were liquidated at book value) ,the business is left with $35,000 cash.As a result,Ryan will receive ________.
Definitions:
Follow-up Activities
Actions taken after an initial meeting or sale, aiming to maintain customer engagement and satisfaction, often leading to further sales opportunities.
Need-satisfaction
A sales approach focusing on identifying and meeting the specific needs of customers, ensuring they are satisfied with the products or services offered.
Industrial Products
Goods produced and used within industries, including machinery, materials, and equipment, intended for manufacturing or service provision.
Problem-solution
A methodology or approach that identifies an issue and provides a strategic answer or resolution to address it effectively.
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