Their partnership agreement requires Harry, Draco, and Hermione to provide capital when and as required by the partnership in the ratio 1 1 35 0 85, respectively a The total initial capital requirement was $256,000 How much did each partner contribute b One year later, Hermiones share of an additio...

Let H D and M be the investments of Harry Draco and Hermione respectively Let T represent the ...

Their partnership agreement requires Harry, Draco, and Hermione to provide capital when and as required by the

Question:

Their agreement requires Harry, Draco, and Hermione to provide capital “when and as required” by the in the ratio 1 : 1.35 : 0.85, respectively.
a. The total initial capital requirement was $256,000. How much did each partner contribute?
b. One year later, Hermione’s share of an additional injection of capital was $16,320. What was Draco’s share?
Partnership
A legal form of business operation between two or more individuals who share management and profits. A Written agreement between two or more individuals who join as partners to form and carry on a for-profit business. Among other things, it states...