TenToTheHundred (TTT) is a leading provider of website search services. Every year, customers spend $160 billion on their services. TTT sells some of its services directly to consumers, but then also uses another company called RetailerInc to sell services. RetailerInc generates $40 billion worth of sales, while the remaining is generated by TTT selling directly to consumers. RetailerInc pays 70 percent of its revenue to TTT, and TTT pays $52 billion to its suppliers.

a. Draw out in a diagram how much value is added by each player in the example above.
b. How much value to the production process does TTT add?
c. How much value to the production process does the RetailerInc add?
d. How much value to the production process do the suppliers add?

The struter partnership has total partners’ equity of $510,000, which is made up of main, capital, $400,000, and frist, capital, $110,000. the partners share net income and loss in a ratio of 80% to main and 20% to frist. on november 1, adison is admitted to the partnership and given a 15% interest in equity and a 15% share in any income and loss. prepare journal entries to record the admission of adison for a 15% interest in the equity and a 15% share in any income and loss under the following independent assumptions. (1) record the admission of adison with an investment of $90,000 for a 15% interest in the equity and a 15% share in any income and loss. (2) record the admission of adison with an investment of $120,000 for a 15% interest in the equity and a 15% share in any income and loss. (3) record the admission of adison with an investment of $80,000 for a 15% interest in the equity and a 15% share in any income and loss.