Allen and Michelle are partners with capitals of P200,000 and P100,000 and sharing profit and losses 3:1 respectively. T

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answerhappygod
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Allen and Michelle are partners with capitals of P200,000 and P100,000 and sharing profit and losses 3:1 respectively. T

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Allen and Michelle are partners with capitals of P200,000 and
P100,000 and sharing profit and losses 3:1 respectively. They agree
to admit Bianca as partner. Bianca invest P125,000 for a 25%
interest in firm. Parties agree that the total firm capital after
Bianca’s admission is to be P425,000. The capital balance of
Michelle after Bianca’s admission are? (2 decimal places)
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