Question

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.)

Answer 1

25.29%

Step-by-step 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%