Shirley Had a Three-Sevenths Interest in a Partnership

question 182

Essay

Shirley had a three-sevenths interest in a partnership. She sold three-fifths of her interest for $27,000.
a) What is the implied value of Shirley's remaining partnership interest?
b) What is the implied value of the entire partnership?

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Definitions:

Equality

The state of being equal, especially in status, rights, and opportunities.

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Ideals or ethical standards that influence political behavior and policy-making decisions.

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The principle of keeping one's own beliefs, biases, and values separate from academic or professional work.

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A historic confrontation in 1770 between British soldiers and American colonists in Boston, which escalated into violence, killing several colonists and inflaming anti-British sentiments.