A Partnership Began Its First Year of Operations with the Following

question 24

Multiple Choice

A partnership began its first year of operations with the following capital balances: The Articles of Partnership stipulated that profits and losses be assigned in the following manner:Young was to be awarded an annual salary of $26,000 and $13,000 salary was to be awarded to Thurman.Each partner was to be attributed with interest equal to 10% of the capital balance as of the first day of the year.The remainder was to be assigned on a 5:2:3 basis to Young, Eaton, and Thurman, respectively.Each partner withdrew $13,000 per year.Assume that the net loss for the first year of operations was $26,000 with net income of $52,000 in the second year.What was Young's total share of net income for the second year?

• A)$17,160 income.
• B)$4,160 income.
• C)$19,760 income.
• D)$17,290 income.
• E)$28,080 income.

Recognize other psychoanalytic theorists, such as Adler and Jung, and their contributions to psychology, including concepts like striving for superiority, compensation, personal unconscious, and collective unconscious.

Differentiate between Freud’s psychosexual stages and understand the behaviors associated with each stage.

Understand the concept of defense mechanisms and identify examples of specific mechanisms in various contexts.

Grasp Freud’s views on unconscious motivations and how they influence behavior.

---

Definitions:

Electric Cars

Vehicles that are powered by electric motors, using energy stored in rechargeable batteries, which are considered more environmentally friendly compared to conventional gasoline-powered cars.

Gasoline Prices

Refers to the cost per unit volume of gasoline, typically measured in gallons or liters, influenced by factors such as oil prices, taxes, and supply-demand dynamics.

Marketing Planning Process

A systematic approach to identifying opportunities, defining objectives, and developing strategies and plans to market products or services successfully.

Marketing Mix

The combination of factors that can be controlled by a company to influence consumers to purchase its products, often summarized as the four Ps: product, price, place, and promotion.