On November 30, capital balances are Forsyth $725000, Lagassi $608000 and Kelly $608000. The income ratios are 20%, 20% and 60% respectively. Forsyth decides to retire from the partnership. In order for Lagassi and Kelly to have equal capital interests after the retirement of Forsyth, how much partnership cash would have to be paid to Forsyth for her partnership interest?

Leading guitar string producer wound up inc. has enjoyed a competitive advantage based on its proprietary coating that gives its strings a clearer sound and longer lifespan than uncoated strings. one of wound up's competitors, however, has recently developed a similar coating using less expensive ingredients, which allows it to charge a lower price than wound up for similar-quality strings. wound up's competitive advantage is in danger due to a. a lack of perceived value b. a lack of organization c. direct imitation and substitution d. resource immobility