Stewart and Brooke Form a Partnership

question 20

Essay

Stewart and Brooke form a partnership.Stewart invests $80,000 and Brooke invests $120,000.If there are any profits or losses they will share them as follows:
They will each receive a salary of $25,000.
Any remaining amount will be allocated ¾ to Brooke and ¼ to Stewart.
(1)If the partnership income for the year is $115,000,what amount will be allocated to Brooke?
(2)If the partnership income for the year is $125,000,what amount will be allocated to Stewart?
(3)If the partnership income for the year is $45,000,what amount will be allocated to Stewart and what amount to Brooke?

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Definitions:

Positive Attitude

An optimistic mindset that focuses on the good aspects of a situation, encouraging constructive responses to challenges or setbacks and promoting overall well-being and success.

Positive Thinkers

Individuals who focus on the good in any situation and maintain a hopeful outlook.

Seek Perfection

The pursuit of achieving flawlessness and the highest standard in tasks, activities, or productions.

Creative Thinker

An individual who has the ability to think in new and imaginative ways, generating innovative ideas and solving problems creatively.