John, Paul, George and Richard decide to start a new business. The four partners agree that any profit or loss made by the new business will be shared in the same ratio as their contributions to the start-up capital of the business. Their respective contributions are indicated in the figure below. In the fourth worksheet of your Excel answer book provided, create the following: A в D E H John Paul George Richard Contribution to start-up capital (in rands) = 80000 60000 40000 20000 3 4 Contributions as ratio = 5 Share of first year's profit of R50 000 = 7 8 Share of second year's profit = 54000 Second year's profit = Q.4.1 Express the respective contributions of the four partners as a ratio in cells B4 to E4. Q.4.2 Determine each partner's share of the first year's profit of R50 000 by entering a suitable function/formula in cells B6 to E6. 1. 23
John, Paul, George and Richard decide to start a new business. The four partners agree that any profit or loss made by the new business will be shared in the same ratio as their contributions to the start-up capital of the business. Their respective contributions are indicated in the figure below. In the fourth worksheet of your Excel answer book provided, create the following: A в D E H John Paul George Richard Contribution to start-up capital (in rands) = 80000 60000 40000 20000 3 4 Contributions as ratio = 5 Share of first year's profit of R50 000 = 7 8 Share of second year's profit = 54000 Second year's profit = Q.4.1 Express the respective contributions of the four partners as a ratio in cells B4 to E4. Q.4.2 Determine each partner's share of the first year's profit of R50 000 by entering a suitable function/formula in cells B6 to E6. 1. 23
Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter5: Inverse, Exponential, And Logarithmic Functions
Section5.2: Exponential Functions
Problem 55E
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Please answer 4.1 and 4.2 only
Transcribed Image Text:Question 4
John, Paul, George and Richard decide to start a new business. The four partners agree that any
profit or loss made by the new business will be shared in the same ratio as their contributions to
the start-up capital of the business. Their respective contributions are indicated in the figure
below. In the fourth worksheet of your Excel answer book provided, create the following:
B
E
G
H
John Paul George Richard
2
Contribution to start-up capital (in rands) = 80000 60000 40000
20000
4.
Contributions as ratio =
5
Share of first year's profit of R50 000 =
7
8
Share of second year's profit =
54000
Second year's profit =
Q.4.1
Express the respective contributions of the four partners as a ratio in cells B4 to
E4.
Q.4.2
Determine each partner's share of the first year's profit of R50 000 by entering a
suitable function/formula in cells B6 to E6.
Q.4.3
Given that Paul's share of the second year's profit is R54 000, determine the total
profit made by the business that year, by inserting an appropriate formula into
cell H8.
Q.4.4
Determine each of the other partner's shares of the second year's profit by
inserting an appropriate formula into cells B8, D8 and E8.
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