Xavier and Yolanda Have Original Investments of $50,000 and $100,000

question 77

Multiple Choice

Xavier and Yolanda have original investments of $50,000 and $100,000, respectively, in a partnership. The articles of partnership include the following provisions regarding the division of net income: interest on original investment at 10%; salary allowances of $38,000 and $28,000, respectively; and the remainder to be divided equally. How much of the net income of $77,000 is allocated to Xavier?

• A) $66,000
• B) $41,000
• C) $36,000
• D) $43,000

---

Definitions:

Achievement Oriented

A personality trait characterized by a constant pursuit of success and accomplishments through hard work and determination.

Relaxed

An experience characterized by the absence of nervousness and stress.

Type A Personality

A personality type characterized by high levels of competitiveness, self-motivation, aggressiveness, and a fast-paced lifestyle.

Self-Control

The skill of managing one's emotional responses, cognitive processes, and actions amidst challenges and immediate inclinations.