Goodwins Improved book Keeping And Business Manual

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Goodwins Improved book Keeping And Business Manual
J H Joseph Henry Goodwin
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A. Emerson's share of the investment was $2, 387. 40, which equals . 55, or 55 per cent. J. H. Goodwin's investment was $1, 922. 85, which equals . 45, or 45 per cent. Consequently, S. A. Emerson's share of the net gain or net loss must be . 55 of the whole, and J. H. Goodwin's share . 45. We find the decimal fraction or percentage in the following way : Divide Emerson's share by the total investment, thus : The remaining . 45 is, of course, Goodwin's share. (When there are more than two partne...rs, we divide each partner's investment by the total invest- ment, to get his fractional part or percentage. ) Worth of firm, January I, 1S85 $4. 3'° 2$ Worth of firm, January i, 18S7, including private accounts 4, 179 69 Net loss of firm S130 56 S. A. Emerson's share of the net loss is . 55, and J. H. Goodwin's is . 45, which we find in the following way : Multiply the total loss by . 55 to find Emerson's share, thus : 130. 56 JJ 65280 65280 $71. 8080 The remainder of the $130. 56, after deducting the $71.

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