A and B are partners in a firm sharing profits and losses in the ratio of 1:1 . C is admitted . A surrenders 1/4th share and B surrenders 1/5th of his share in favour of C. Calculate the new profit sharing ratio.

Which of the following is a downside to using a professional naming firm? question options: you'll no longer have control over your company's name. most aren't very good at coming up with effective names and logos. you will need to be cautious about the firm stealing your business idea. most are fairly expensive, charging from $5,000 to $80,000 to develop a name.