subject
Mathematics, 15.07.2020 01:01 kaziyahf2006

Ngozi starts a company with N 2 400 000. After 6 months, he is joined by Ada, who
contributes N3000 000 in capital. Two
months later, Ngozi and Ada are joined
by Uche, who contributes N3 300 000. Of
the profits accruing a year after Ngozi
had started operations, Ngozi receives
20% as manager and Uche receives 4% as
assistant manager. The remaining profits
are then shared in the ratio of the product
of their holding in the company and the
time elapsing since each of them joined
the company. If the profit at the end of
the first year was N1050 000, calculate the
total amount received by each of the three
partners in the company.

ansver
Answers: 3

Another question on Mathematics

question
Mathematics, 21.06.2019 15:30
Which expressions are equivalent to -6 + 3m
Answers: 1
question
Mathematics, 21.06.2019 23:00
Divide. –40 ÷ –5 a –8 b 200 c -200 d 8
Answers: 1
question
Mathematics, 21.06.2019 23:50
4. (10.03 mc) the equation of line cd is y = −2x − 2. write an equation of a line parallel to line cd in slope-intercept form that contains point (4, 5). (4 points) y = −2x + 13 y = negative 1 over 2 x + 7 y = negative 1 over 2 x + 3 − 2x − 3
Answers: 2
question
Mathematics, 22.06.2019 01:30
Simplify the rational expression. state any restrictions on the variable. t^2-4t-12 / t-8 the / is a fraction sign.
Answers: 1
You know the right answer?
Ngozi starts a company with N 2 400 000. After 6 months, he is joined by Ada, who
contributes...
Questions
question
Social Studies, 27.02.2021 23:50
question
Mathematics, 27.02.2021 23:50
Questions on the website: 13722363