Homework Answers
Burns capital = $48,000
Rojas contributes = $27,000
Total capital after Rojas admission = 48,000+27,000
= $75,000
Share of Rojas = 35%
Capital of Rojas = 75,000 x 35%
= $26,250
Bonus = Investment by Rojas - Capital of Rojas
= 27,000-26,250
= $750
Bonus will be received by Burns
Amount of bonus = $750
Recipient of bonus = Burns
Kindly comment if you need further assistance. Thanks‼!
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