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Partners Brian, Josh, and Chad have average capital balances of $11,000, $10,000, and $90,000, respectively. Net income for the year is $20,000. Salary allowances are $19,000 for Brian and $8,000 for Josh. Chad gets 10% interest on his capital balance with the remainder being divided at a 1:1:2 ratio for Brian, Josh, and Chad, respectively. What is Brian's capital balance after distributing the net income? (Assume no change in capital balances during the year.)
Worker Rights
Refers to the legal and moral entitlements attributed to individuals in their capacity as employees, including fair wages, safe working conditions, and freedom from discrimination.
Property Rights
Legal rights to possess, use, and dispose of assets including real estate, personal property, or intellectual property.
Workers' Rights
The entitlements and protections granted to workers by law, including fair pay, safe working conditions, and the right to unionize.
Labor Union
An organization of workers formed to protect and advance their members' interests regarding working conditions, wages, and benefits.
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