PrintItem 1 Carter Pearson is a partner in Event Promoters. His beginning partnership capital balance for the current year is $55,000, and his ending partnership capital balance for the current year is $62,000. His share of this year's partnership income was $6,250. What is his partner return on equity

10.68%

Explanation:

The partner return on equity will be calculated by using the formula given as:

= (Partner Net income/Average Partner equity) × 100

The Partner’s Net income is $6250

Average partner equity = (Opening partner equity + Closing partner equity) × 100

= ($55,000 + $62,000) / 2

= $117,000 / 2

= $58500

The Partner return on equity will then be:

= 6250 / 58500 × 100.

= 10.68%

you will have $2593.74 in 10 years if you set aside $1,000 at 10%

you will have $9321.91 in 20 years if you set aside $2000 at 8%

you will have $1469.32 in 5 years if you set aside $1000 at 8%

you will have $1296.87 in 10 years if you set aside $500 at 10%

you will have $239.66 in 15 years if you set aside $100 at 6%

you will have $4660.96 in 20 years if you set aside $1000 at 8%

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