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belka [17]
1 year ago
5

Rex and Sandy are partners. Rex has a capital balance of and Sandy has a capital balance of . Marcus contributes a building with

a fair market value of in order to acquire an interest in the partnership. What is​ Marcus's partnership share after he makes the​ investment? (Assume no bonus to any partner. Round the percentage to one decimal​ place.)
Business
1 answer:
Furkat [3]1 year ago
4 0

Answer:

25.29%

Explanation:

the numbers are missing, so I looked for a similar question:

  • Rex's capital balance = $370,000
  • Sandy's capital balance =  $280,000
  • Marcus contributed a building worth = $220,000

the partnership's total capital = $370,000 + $280,000 + $220,000 = $870,000

Marcus's share in the partnership = value of building / partnership's total capital = $220,000 / $870,000 = 25.29%

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