Mitch Holtus and Stan Weber are partners in a company called Sports Voice. Greg Sharp has approached

Mitch Holtus and Stan Weber are partners in a company called Sports Voice. Greg Sharp has approached the partners about joining the company, and he wants to buy a 20 percent interest in the company. Sports Voice has $ 80,000 in liabilities. Holtus has a capital balance of $ 108,000; Weber’s capital balance is $ 92,000. They share profits and losses equally. How much money will Sharp have to con-tribute to the company to obtain a 20 percent interest? View Solution:
Mitch Holtus and Stan Weber are partners in a company

 

Looking for a Similar Assignment? Let us take care of your classwork while you enjoy your free time! All papers are written from scratch and are 100% Original. Try us today! Use Code FREE15