Exerciser 4-11. Admission by Investment resulting to a bonus. Jun, Th.pdf

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Exerciser 4-11. Admission by Investment resulting to a bonus. Jun, Thony, and Edward are partners with capital balances of P32,000, P80,000, and P16,000 respectively. The partners share profits and losses in the ratio of 4:3:2. Ramil is admitted in the partnership. It was agreed that he invests cash for a 20% interest considering the transfer of capital from him of P30,000 upon admission. Required: How much is the capital of Jun after Ramil's admission? Exerciser 4-12. Admission by Investment with computation of cash investment by the new partner. Marta and Carmela have capital balances of P 560,000 and P 450,000 respectively. Both decided to admit Sophia into their partnership. He invested enough cash to have a 20% interest in the partnership. The profit and loss ratio of the old partners is 3:2 respectively. After the admission of Sophia, the capital balance of Carmela amounted to P 495,000. Required: How much cash was invested by Sophia?.

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