Black and Shannon have decided to form a partnership. They have agreed that Black is...
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Black and Shannon have decided to form a partnership. They have agreed that Black is to invest $294,000 and that Shannon is to invest $98,000. Black is to devote one-half time to the business, and Shannon is to devote full time. The following plans for the division of income are being considered: Equal division. In the ratio of original investments. In the ratio of time devoted to the business. Interest of 6% on original investments and the remainder equally
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