Allison and Josh Are Partners in a Business

question 76

Multiple Choice

Allison and Josh are partners in a business. Allison's capital is $120,000 and Josh's capital is $120,000. Profits for the year are $80,000. They agree to share profits and losses as follows: Allison's share of the profits before paying salaries and interest on capital is: (Round any intermediate calculations to two decimal places, and your final answer to the nearest dollar.)

• A) $48,000.
• B) $70,500.
• C) $40,000.
• D) $11,400.

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Definitions:

Internal Theories

Concepts and models developed within an organization or discipline to explain processes, behaviors, or phenomena.

Variables

Elements, features, or factors that are likely to vary or change within the context of a study or an experiment.

Dual-route Theories

Theoretical approaches suggesting two separate pathways or mechanisms in the brain for processing information, often used in the context of reading and language comprehension.

External Theories

Concepts or explanations developed to understand phenomena outside an individual or organization, often involving the broader environment or society.