The Owner and a Partner in a Small Business Share

question 631

Multiple Choice

The owner and a partner in a small business share profits in the ratio 2:1. For a month in which the business realizes a profit of $15,600. what is the owner's share of the profit?

• A) $5,200
• B) $7,800
• C) $10,400
• D) None of These

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Definitions:

Poorer People

Individuals or groups who have significantly less financial resources or access to wealth compared to others within a society.

Commonalities

Shared features, characteristics, or properties among different entities, ideas, or groups.

African

Pertaining to the continent of Africa, its peoples, cultures, or languages.

Eastern

Relating to or characteristic of the eastern part of the world, often specifically Asia or the Eastern cultures and philosophies.