Allen and Michelle are partners with capitals of P200,000 and P100,000 and sharing profit and losses 3:1 respectively. T
Posted: Sun May 29, 2022 6:20 pm
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)
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)