Business, 18.02.2020 04:28 oliviaboils

The partnership of Winn, Xie, Yang, and Zed has the following balance sheet:

Cash $42,000 Liabilities $67,000
Other assets 281,000 Winn, capital (50% of profits and losses) 72,000
Xie, capital (30%) 90,000
Yang, capital (10%) 52,000
Zed, capital (10%) 42,000

Zed is reasonably sure of obtaining at least $5,000 from the liquidation. Determine the amount for which the partnership must sell the other assets to ensure that Zed receives $5,000 from the liquidation. Liquidation expenses are expected to be $27,000.

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The partnership of Winn, Xie, Yang, and Zed has the following balance sheet:

Cash $42,0...

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