Question

A partnership owned equally by 15 partners is worth $1.5 million. The partnership loses a lawsuit

worth $5 million. What is the value of any personal property each partner must forfeit to pay the
settlement?

Answer 1

Hey there!

5000000-1500000=3500000

3500000/15=$233333.33

Your answer should be $233333.33

Let me know if this helps :)