Partners Don and Ron Have Agreed to Share Profits and Losses

question 138

Multiple Choice

Partners Don and Ron have agreed to share profits and losses in an 80:20 ratio respectively, after Don is allowed a salary allowance of $80,000 and Ron is allowed a salary allowance of $40,000. If the partnership had net income of $80,000 for 2010, Ron's share of the income would be

• A) $40,000
• B) $32,000
• C) $48,000
• D) $8,000

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Definitions:

Generalizability

The extent to which research findings and conclusions can be applied to larger populations or different contexts outside the study's parameters.

Klockars's Study

A research study conducted by Carl B. Klockars involving police corruption, emphasizing the systemic and organizational aspects of corrupt practices within police departments.

Sampling Frame

A list or database from which a sample is drawn for a statistical survey, representing the population of interest.

Probability Sample

In a probability sample, the units have a known and nonzero chance of being selected.