It Is Agreed in the Partnership Agreement of R and B

question 57

Multiple Choice

It is agreed in the partnership agreement of R and B that profit and loss sharing arrangements will be based on the ratio of the partner's capital balances. R and B have capital balances of $75 000 and $50 000 respectively at the end of the accounting period. If profit is $38 000 the profit allocations of each of the partners is:

• A) R $19 000; B $19 000.
• B) R $22 800; B $15 200.
• C) R $20 000; B $18 000.
• D) unable to be calculated from the information provided.

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Definitions:

Spatially Separated

Positioned or distributed in different locations or spaces, often used to describe objects or individuals that are physically apart.

Gene Exchange

The process by which genes are transferred from one organism to another, often through mechanisms like bacterial conjugation, viral transduction, or sexual reproduction.

Logistic Growth

A model of population growth where the rate decreases as the population reaches its carrying capacity, eventually stabilizing.

Exponential Growth

A growth pattern in which the number of entities increases at a rate proportional to the current number, resulting in a rapid increase over time.