Allison and Josh Are Partners in a Business Josh's Share of the Profit Is:
A)$32,000

question 9

Multiple Choice

Allison and Josh are partners in a business.Allison's capital is $60,000 and Josh's capital is $100,000.Profits for the year are $80,000.They agree to share profits and losses as follows:
$$\begin{array} { | l | r | r | } \hline & { \text { Allison } } & { \text { Josh } } \\\hline \text { Salaries } & \$ 20,000 & \$ 40,000 \\\hline \text { Interest on capital } & 10 \% & 10 \% \\\hline \text { Remaining profits and losses } & 3 / 5 & 2 / 5 \\\hline\end{array}$$
Josh's share of the profit is:

• A)$32,000.
• B)$44,000.
• C)($8,000).
• D)None of the above

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Definitions:

Market Growth Rate

A measure of the increase in the size or value of a market for a product or service over time.

Market Share

The segment of a market dominated by a specific company or product.

Dogs

In a business context, refers to a portfolio category in the BCG matrix representing businesses with low market share in slow-growing markets, usually considered for divestiture.

Preferred Strategy

A favored or chosen approach to achieving objectives that is selected from among various options based on its anticipated effectiveness.