SOLUTION: Four partners in a plumbing business decide to sell the business. Based on their initial investments, Al will receive five shares of the selling price, Bob will receive three sha
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Question 1158430: Four partners in a plumbing business decide to sell the business. Based on their initial investments, Al will receive five shares of the selling price, Bob will receive three shares, and Cody and Dave will receive two shares each. If the business sells for $840,000, how much is each share worth? Answer by Shin123(626) (Show Source):
You can put this solution on YOUR website! There are 5+3+2+2=12 shares in total. So each share is worth dollars. Each share is worth $70,000.
