Reference no: EM132539180
Question - A partnership has liquidated all assets but still reports the following account balances:
Beck, loan $5,500
Cisneros, capital (40%) 3,600
Beck, capital (20%) (12,200) (deficit)
Sadak, capital (10%) (8,200) (deficit)
Emerson, capital (20%) 15,500
Page, capital (10%) (6,200) (deficit)
The partners split profits and losses as follows: Cisneros, 40 percent; Beck, 20 percent; Sadak, 10 percent; Emerson, 20 percent; and Page 10 percent.
Assuming that all partners are personally insolvent except for Sadak and Emerson, how much cash must Sadak now contribute to this partnership?