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How would you calculate the new partner’s capital, when it is not given in the question?
- a)Old partners capital after adjustment x reciprocal of remaining share x new partner’s share
- b)Old partners capital after adjustment x reciprocal of sacrificing share × new partner’s share
- c)Old partners capital after adjustment x reciprocal of old partner’s share × sacrificing share
- d)Price of the two goods
Correct answer is option 'A'. Can you explain this answer?
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Verified Answer
How would you calculate the new partner’s capital, when it is no...
Calculation of new partner’s capital should be done as follows:
1.Calculated the combined or adjusted capitals of all the existing partners (after all adjustments)
2.Find out the reciprocal of remaining share
3.Now, combined capitals x reciprocal of remaining share x new partner’s share
1.Calculated the combined or adjusted capitals of all the existing partners (after all adjustments)
2.Find out the reciprocal of remaining share
3.Now, combined capitals x reciprocal of remaining share x new partner’s share
Most Upvoted Answer
How would you calculate the new partner’s capital, when it is no...
To calculate the new partner, you would need to consider several factors, such as the financial contributions, expertise, experience, and compatibility with the existing partners. Here are the steps to calculate the new partner:
1. Determine the desired qualities and skills: Identify the specific qualities and skills that the new partner should possess. Consider the gaps in the existing team and determine what expertise or experience would complement the team's skills.
2. Evaluate financial contributions: Determine the financial contribution that the new partner should be able to make. This could include an initial investment, ongoing capital infusion, or a specific percentage of ownership.
3. Assess compatibility: Evaluate how well the potential new partner aligns with the existing partners in terms of values, work ethic, and vision. It is important to ensure that the new partner shares the same goals and objectives as the current team.
4. Consider experience and expertise: Assess the potential partner's experience and expertise in the relevant industry or field. Look for someone who brings unique skills or knowledge that can contribute to the success of the partnership.
5. Conduct interviews and due diligence: Interview the potential partners and conduct a thorough review of their background, qualifications, and references. This will help you gauge their suitability and reliability.
6. Negotiate terms: Once you have identified a potential partner, negotiate the terms of the partnership agreement. This could include profit sharing, decision-making authority, and other relevant factors.
7. Finalize the partnership: Once the terms are agreed upon, finalize the partnership by signing a formal agreement or contract. Ensure that all legal and financial aspects are properly documented.
It is important to note that the process of calculating the new partner may vary depending on the specific requirements and circumstances of the partnership. Seeking legal and financial advice can also be beneficial in ensuring a smooth and fair partnership agreement.
1. Determine the desired qualities and skills: Identify the specific qualities and skills that the new partner should possess. Consider the gaps in the existing team and determine what expertise or experience would complement the team's skills.
2. Evaluate financial contributions: Determine the financial contribution that the new partner should be able to make. This could include an initial investment, ongoing capital infusion, or a specific percentage of ownership.
3. Assess compatibility: Evaluate how well the potential new partner aligns with the existing partners in terms of values, work ethic, and vision. It is important to ensure that the new partner shares the same goals and objectives as the current team.
4. Consider experience and expertise: Assess the potential partner's experience and expertise in the relevant industry or field. Look for someone who brings unique skills or knowledge that can contribute to the success of the partnership.
5. Conduct interviews and due diligence: Interview the potential partners and conduct a thorough review of their background, qualifications, and references. This will help you gauge their suitability and reliability.
6. Negotiate terms: Once you have identified a potential partner, negotiate the terms of the partnership agreement. This could include profit sharing, decision-making authority, and other relevant factors.
7. Finalize the partnership: Once the terms are agreed upon, finalize the partnership by signing a formal agreement or contract. Ensure that all legal and financial aspects are properly documented.
It is important to note that the process of calculating the new partner may vary depending on the specific requirements and circumstances of the partnership. Seeking legal and financial advice can also be beneficial in ensuring a smooth and fair partnership agreement.
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How would you calculate the new partner’s capital, when it is not given in the question?a)Old partners capital after adjustment x reciprocal of remaining share x new partner’s shareb)Old partners capital after adjustment x reciprocal of sacrificing share × new partner’s sharec)Old partners capital after adjustment x reciprocal of old partner’s share × sacrificing shared)Price of the two goodsCorrect answer is option 'A'. Can you explain this answer?
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How would you calculate the new partner’s capital, when it is not given in the question?a)Old partners capital after adjustment x reciprocal of remaining share x new partner’s shareb)Old partners capital after adjustment x reciprocal of sacrificing share × new partner’s sharec)Old partners capital after adjustment x reciprocal of old partner’s share × sacrificing shared)Price of the two goodsCorrect answer is option 'A'. Can you explain this answer? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about How would you calculate the new partner’s capital, when it is not given in the question?a)Old partners capital after adjustment x reciprocal of remaining share x new partner’s shareb)Old partners capital after adjustment x reciprocal of sacrificing share × new partner’s sharec)Old partners capital after adjustment x reciprocal of old partner’s share × sacrificing shared)Price of the two goodsCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for How would you calculate the new partner’s capital, when it is not given in the question?a)Old partners capital after adjustment x reciprocal of remaining share x new partner’s shareb)Old partners capital after adjustment x reciprocal of sacrificing share × new partner’s sharec)Old partners capital after adjustment x reciprocal of old partner’s share × sacrificing shared)Price of the two goodsCorrect answer is option 'A'. Can you explain this answer?.
How would you calculate the new partner’s capital, when it is not given in the question?a)Old partners capital after adjustment x reciprocal of remaining share x new partner’s shareb)Old partners capital after adjustment x reciprocal of sacrificing share × new partner’s sharec)Old partners capital after adjustment x reciprocal of old partner’s share × sacrificing shared)Price of the two goodsCorrect answer is option 'A'. Can you explain this answer? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about How would you calculate the new partner’s capital, when it is not given in the question?a)Old partners capital after adjustment x reciprocal of remaining share x new partner’s shareb)Old partners capital after adjustment x reciprocal of sacrificing share × new partner’s sharec)Old partners capital after adjustment x reciprocal of old partner’s share × sacrificing shared)Price of the two goodsCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for How would you calculate the new partner’s capital, when it is not given in the question?a)Old partners capital after adjustment x reciprocal of remaining share x new partner’s shareb)Old partners capital after adjustment x reciprocal of sacrificing share × new partner’s sharec)Old partners capital after adjustment x reciprocal of old partner’s share × sacrificing shared)Price of the two goodsCorrect answer is option 'A'. Can you explain this answer?.
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