A Partnership Began Its First Year of Operations with the Following

question 45

Multiple Choice

A partnership began its first year of operations with the following capital balances: The Articles of Partnership stipulated that profits and losses be assigned in the following manner:Young was to be awarded an annual salary of $26,000 and $13,000 salary was to be awarded to Thurman.Each partner was to be attributed with interest equal to 10% of the capital balance as of the first day of the year.The remainder was to be assigned on a 5:2:3 basis to Young, Eaton, and Thurman, respectively.Each partner withdrew $13,000 per year.Assume that the net loss for the first year of operations was $26,000 with net income of $52,000 in the second year.What was Eaton's total share of net loss for the first year?

• A) $3,900 loss.
• B) $11,700 loss.
• C) $10,400 loss.
• D) $24,700 loss.
• E) $9,100 loss.

Identify factors that enhance or impair creativity.

Acknowledge the impact of extrinsic and intrinsic motivation on creativity and performance.

Understand the significance of problem finding in the process of creativity.

Realize the impact of cultural and social discrimination on intelligence test scores.

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Definitions:

Streak

A long, thin line or mark of a different substance or color from its surroundings.

Cleavage

A property of minerals that allows them to break along smooth, flat surfaces based on their crystal structure.

Cleavage

A property of minerals that describes how they break along certain planes where their atomic bonding is weaker, resulting in smooth, flat surfaces.

Liquid State

A phase of matter characterized by a definite volume but no definite shape, allowing it to flow and take the shape of its container.