Question: 1 . Bower does not believe it would be worth it to him to admit a new partner unless his alloca - tion of income

1. Bower does not believe it would be worth it to him to admit a new partner unless his alloca-tion of income increased by at least $10,000 over that which existed under the original part-nership agreement. What would the average annual profit of the new partnership have to bein order for Bower to accept the idea of admitting a new partner?2. Given the net assets of the original partnership, what is the suggested purchase price thatDawson should pay for a 30% interest in the partnership?3. Assume that the original partnership was liquidated and Bower received a business vehicle,with a fair value of $15,000 and a net book value of $20,000, as part of his liquidation pro-ceeds. Partners with a deficit capital balance will only contribute their net personal assets.How much additional cash would Bower receive if the partnership were liquidated?

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