Business, 19.12.2019 03:31 playaajosh

Apartnership agreement provides that, at sale, cash proceeds are distributed first to ms. jones in an amount equal to her original investment less any cash distributions previously received, then split 60%-40% between ms. jones and mr. smith, respectively. assume that the cash flows from sale are $1 million. how much would ms. jones receive if her initial investment was $600,000 and she previously received $100,000 in distributions

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Apartnership agreement provides that, at sale, cash proceeds are distributed first to ms. jones in a...

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