On november 30, capital balances are roses $299000, ellis $258000 and gise $258000. the income ratios are 20%, 20% and 60%, respectively. roses decides to retire from the partnership. the partnership pays roses $342000 cash for her partnership interest. after rose’s retirement, what is the balance of ellis’s capital account?

scenario: hawaii and south carolina are trading partners. hawaii has an absolute advantage in the production of both coffee and tea. the opportunity cost of producing 1 pound of tea in hawaii is 2 pounds of coffee, and the opportunity cost of producing 1 pound of tea in south carolina is 1/3 pound of coffee. which of the following statements is true? a. south carolina should specialize in the production of both tea and coffee. b. hawaii should specialize in the production of tea, whereas south carolina should specialize in the production of coffee. c. hawaii should specialize in the production of coffee, whereas south carolina should specialize in the production of tea. d. hawaii should specialize in the production of both tea and coffee.