Carter Pearson Is a Partner in Event Promoters

question 39

Multiple Choice

Carter Pearson is a partner in Event Promoters. His beginning partnership capital balance for the current year is $55,000, and his ending partnership capital balance for the current year is $62,000. His share of this year's partnership income was $6,250. What is his partner return on equity?

• A) 5.34%
• B) 10.08%
• C) 10.68%
• D) 8.93%
• E) 11.36%

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Definitions:

Court of International Trade

The Court of International Trade is a federal court in the United States that deals with cases involving international trade and customs laws.

Worldwide Jurisdiction

The assertion of legal authority to prosecute or impose legal judgments regardless of geographical boundaries.

International Trade

The exchange of goods and services between countries, vital for the global economy, driven by comparative advantage, and subject to regulations and tariffs.

Customs Issues

Problems or disputes that arise in the process of importing or exporting goods, often related to the payment of tariffs, adherence to regulations, or the classification of goods.