Sole Proprietors X and Y Decide to Form a Partnership

question 50

Multiple Choice

Sole proprietors X and Y decide to form a partnership. X contributes inventory with a fair value of $30 000, equipment with a fair value of $100 000 and it is agreed that the partnership will take over X's bank loan of $20 000. What is X's capital balance assuming that the partners have agreed that his capital balance will be equal to the fair value of the net assets he contributes?

• A) $110 000
• B) $130 000
• C) $150 000
• D) $20 000

Understand strategies for enhancing the credibility of training program data.

Identify steps necessary to convert training benefits into monetary values for ROI calculation.

Appreciate the methodological approaches to evaluate the utility and impact of training programs on performance.

Understand the definition and importance of return on investment (ROI) in the context of training programs.

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Definitions:

Helper T Cell

Secretes lymphokines, which stimulate all kinds of immune cells.

Passive Immunity

Protection against infection, acquired by transfer of antibodies to a susceptible individual.

Antivenom

A substance, typically serum or a purified antibody, used to treat venomous bites and stings by neutralizing the specific toxins involved.

Antibodies

Proteins produced by the immune system that recognize and bind to specific antigens, helping to protect the body from pathogens.