W Bell and C

question 36

Multiple Choice

W. Bell and C. Quirk started a partnership in 2013. Because Bell contributed a larger amount toward the partnership at inception, the partnership agreement specified the following split of profits and losses in a two- phase allocation. The first allocation would split profits and losses in proportion to the partners' relative capital balances up to 20% of those balances. The remainder would be split evenly. At the end of the first year, the partnership had a loss of $40 000. Partners' capital balances were as follows: W. Bell: $102 000 C. Quirk: $18 000 How much of the loss was allocated to C. Quirk?

• A)($8 000)
• B)($11 600)
• C)($3 600)
• D)($11 900)

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Definitions:

Amoral Leaders

Leaders who lack a clear sense of ethics or morality in their decision making, often focusing solely on ends rather than means.

Immoral Leaders

Immoral leaders are individuals in leadership positions who engage in unethical behavior or actions that are considered wrong or harmful to others.

Moral Leaders

Individuals who guide actions and decisions based on ethical principles and values, inspiring and influencing others to pursue what is right and good.

Social Entrepreneurship

The practice of starting businesses and organizations with the aim to address and solve social issues and challenges.