Bench, a partner in the ABC partnership, has a 30% participation in partnership profits and losses. Bench's capital account had a net decrease of 120,000 diring calendar year 2019. During 2019, Bench withdrew 260,000 charged against his capital account and contributed property valued at 50,000 to the partnership. What was the profit of ABC partnership?

Capital financial corporation will lend 90 percent against account balances that have averaged 30 days or less; 80 percent for account balances between 31 and 40 days; and 70 percent for account balances between 41 and 45 days. customers that take over 45 days to pay their bills are not considered acceptable accounts for a loan. the current prime rate is 16.50 percent, and capital charges 3.50 percent over prime to charming as its annual loan rate. a. determine the maximum loan for which charming paper company could qualify.