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Jolly Is a Partner in the HoHoHo Partnership

question 12

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Jolly is a partner in the HoHoHo Partnership. The articles of partnership states that Jolly's share of partnership income include 10% of his weighted average capital. he may withdraw $12,000 before withdrawals are offset against his capital balance. His capital activity is as follows: Jolly is a partner in the HoHoHo Partnership. The articles of partnership states that Jolly's share of partnership income include 10% of his weighted average capital. he may withdraw $12,000 before withdrawals are offset against his capital balance. His capital activity is as follows:   What is the weighted average balance of Jolly's capital account? A) $27,417 B) $19,083 C) $21,500 D) $19,667 What is the weighted average balance of Jolly's capital account?


Definitions:

Feasible Region

In operations research and optimization, the set of all possible points that satisfy a set of constraints, representing viable solutions to a problem.

Nonnegativity Constraints

Restrictions in mathematical modeling that require certain variables to be greater than or equal to zero.

Statements

Financial records that provide an overview of a company's financial condition, including the balance sheet, income statement, and cash flow statement.

Non-negativity Constraints

are mathematical conditions in linear programming that require the variables to be zero or positive, never negative.

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