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How much additional cash should darlene invest

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Reference no: EM132864707

Conrad and Darlene entered into a partnership on June 1, 2020 by investing the following assets:

                                                      Conrad             Darlene
Cash                                            P 240,000                 P100,000
Merchandise Inventory P260,000
Computer Equipment P140,000
Furniture and Fixtures P 300,000

The agreement provides that Conrad will get 40% interest in the firm. The partnership is to assume liability on the computer equipment of P60,000.

Problem 1: How much additional cash should Darlene invest?

Reference no: EM132864707

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