Question

em 1.6
of Partners ***
On June 3, 20XX, Ahmed, Benjamin and Chaman started Geo as equal partners to provide weather
reports to farmers investing 20,000 each. On December 11, 29XX, the business had $20,000 in cash
and 50,000 in unpaid bills. On that date, Ahmed had personal cash of 30,000 and a diamond ring
worth 190,000 (bought for 70,000) and owed 50,000 on a personal bank loan. Benjamin had personal
cash of 10,000 and a painting worth 18,000 (bought for 60,000) and owed 15,000 on a personal
bank loan. Chaman had personal cash of 16,000 and owed 4,000 on a personal bank loan.
Required
1. How much are Ahmed, Benjamin and Chaman required to pay?
2. How much are Ahmed, Benjamin and Chaman able to pay?
3. Are Ahmed, Benjamin and Chaman solvent or insolvent?
m 1.7
On March 18, 20XX, Harish and Tanmay started roscando​

Answer 1

Answer:

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