Lorraine, Estelle, and Frances Own a Business Jointly and Share

question 190

Essay

Lorraine, Estelle, and Frances own a business jointly and share profits and losses in the same proportion as their investments. How much of a profit of $14 500 will each receive if their investments are $14 000, $16 000, and $15 000 respectively?

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Definitions:

Hadal Zone

The Hadal Zone refers to the deepest regions of the ocean, typically found in oceanic trenches, and ranges in depth from about 6,000 to 11,000 meters.

Benthic Environment

The ecological region at the lowest level of a body of water such as an ocean or a lake, including the sediment surface and some sub-surface layers.

Tropical Dry Forests

Ecosystems found in tropical regions characterized by a distinct dry season, supporting diverse plant and animal life adapted to arid conditions.

Marsupials

Marsupials are a group of mammals that typically carry and nurse their young in a pouch, such as kangaroos and koalas.