The business was a restaurant with start-up cost of 1 million. 3 original partners each paid 100k,

Fantastic news! We've Found the answer you've been seeking!

Question:

The business was a restaurant with start-up cost of 1 million. 3 original partners each paid 100k, 2 investors each paid 350k, and later a chef joined the team?

The chef has a salary and a share in the business?

State the share structure of the 4 partners and 2 investors?

Related Book For answer-question

Microeconomics

ISBN: 978-1429283434

3rd edition

Authors: Paul Krugman, Robin Wells

See More Books

Posted Date: Jan 26, 2023 05:09 AM

See More Questions

Canadian Automated Electronics (CAE) did a study of time to complete tasks entailing simulation control for 25 employees. Construct a relative frequency histogram that corresponds to the given...
If today is Year 0, what is the future value of the following cash flows five years from now? What is the future value 10 years from now? Assume an interest rate of 7.8 percent per year. Year Cash...
A chef in a restaurant that specializes in pasta dishes was experiencing difficulty in getting brands of pasta to be al dente-that is, cooked enough so as not to feel starchy or hard but still feel...
23 On January 1, 2021, a company had an existing deferred tax liability attributable to a temporary difference of $20,000. The tax rate at this time was 30%. During 2021, a new law was passed that...
Does deodorant sell better in a box or without additional packaging? An experiment in a large store is designed in which, for one month, all deodorants are sold packaged in a box and, during a second...
What equipment is needed for draft animals?
The line integral of the magnetic field around a certain closed path is initially $L$. The current that penetrates this path is then doubled. What can you say about the current through the path if...
Material delays have routinely limited production of household sinks to 400 units per day. If the plant efficiency is 80%, what is the effective capacity?
1. An unpolarized light beam is incident on the polarizes of a polarization experiment and the intensity of light beam emerging from the analyzer is measured as 100 Lumens. Now, if the analyzer is...
Explain the process by which a Steinway grand piano is constructed as a subsystem of a larger system. From what the text tells you, give some examples of how the production subsystem is affected by...
For time series data =.6 and Co=.61 calculated. Jf Process is sA ARCI), what are a, and 0, = ?
The Nelson partnership begins business on July 17, 2019. It is not able to use business purpose to support a tax year. The four partners, their interests in partnership capital and profits, and their...
Write ARM assembly language code that handles a breakpoint. It should save the necessary registers, call a subroutine to communicate with the host, and upon return from the host, cause the...
Study the Heisenberg model of a ferromagnet, based on the interaction (12.3.6), in the mean field approximation and show that this also leads to a phase transition of the kind met in the Ising model....
While working for a space agency, you are tasked with ensuring that the oxygen needs of human beings on long voyages in outer space are met. Your boss hands you a data table and suggests that you...
Have you ever written a programming assignment with an error in the specifications? If so, at what point did you catch the error? How damaging was the error to your design and code?
Assume that the Interest Expense for Rain Co. for the Year Ended December 31, 20Y8, is $25,000. Assume further that Net Income is $125,000. Average Total Assets for Rain, Cp. for the Year Ended...
Repeat the previous problem, but close the positions on September 20. Use the spreadsheet to find the profits for the possible stock prices on September 20. Generate a graph and use it to identify...
The market for olive oil in New York City is controlled by two families, the Sopranos and the Contraltos. Both families will ruthlessly eliminate any other family that attempts to enter the New York...
For the last 70 years the U.S. government has used price supports to provide income assistance to American farmers. To implement these price supports, at times the government has used price floors,...
For each of the following situations, draw a diagram containing three of Isabella's indifference curves. a. For Isabella, cars and tires are perfect complements, but in a ratio of 1:4; that is, for...
Do any problems arise when translating physical assets and economic events into monetary units? Give one or two illustrations to support your answer.
Entries for the Warren Clinic 2015 income statement are listed below in alphabetical order. Reorder the data in proper format. Depreciation expense General/administrative expenses Interest expense $...
Great Forks Hospital reported net income for 2015 of $$2.4$ million on total revenues of $$30$ million. Depreciation expense totaled $$1$ million. a. What were total expenses for 2015? b. What...

The business was a restaurant with start-up cost of 1 million. 3 original partners each paid 100k,

Question:

Expert Answer:

Partners Original Partners Partner 1 3333 1000... View the full answer

Microeconomics

Students also viewed these finance questions