Two partners, Smith and Wesson, owned and operated a successful fast food busine

Question

Two partners, Smith and Wesson, owned and operated a successful fast food business together for 15 years. During the past year, the two partners have had an increasing number of serious arguments about how to operate the business and about planned future expansion of the business. Both partners have agreed that they no longer can operate the business together. Either partner is willing to sell his share of the business to someone else and to get out of the fast food business altogether. An independent appraiser has valued the total value of the business at $1.5 million. Partner Smith owns 49 percent of the business, and Partner Wesson owns 51 percent of the business.

What is the value of each partner

Explanation / Answer

1Ans:

smith735000000:

wesson765000000

2Ans:

having smith and wesson percentges and bussiness value amount

contract period

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