Web Services Is Organized as a Limited Partnership,with Wren Littlefeather

question 133

Multiple Choice

Web Services is organized as a limited partnership,with Wren Littlefeather as one of its partners.Wren's capital account began the year with a balance of $87,000.During the year,Wren's share of the partnership income was $60,000 and she received $25,000 in distributions from the partnership.What is Wren's partner return on equity?

• A)57.42%
• B)49.18%
• C)68.97%
• D)33.49%
• E)40.23%

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Definitions:

Customers

Individuals or entities that purchase goods or services from a business.

Operating Activity

Day-to-day actions and transactions that are directly related to running a business, such as sales and purchases.

Paying Wages

The act of compensating employees for their labor, typically calculated by hours worked or tasks completed.

Office Equipment

Non-consumable items used in an office setting for administrative or operational purposes, such as computers, printers, and furniture.