The Following Information Is Available on PDC Enterprises, a Partnership

question 8

Multiple Choice

The following information is available on PDC Enterprises, a partnership, for the most recent fiscal year: $$\begin{array} { l r } \text { Total partnership capital at beginning of the year } & \$ 1,080,000 \\\text { Partnership net income for the year } & \$ 1,250,000 \\\text { Withdrawals by partners during the year } & \$ 320,000 \\\text { Additional investments by partners during the year } & \$ 70,000\end{array}$$ There are three partners in TGR Enterprises: Pearson, Darling and Cathay. At the end of the year, the partners' capital accounts were in the ratio of 2:2:1, respectively. Compute the ending capital balances of Cathay.

• A)$544,000.
• B)$416,000.
• C)$402,000.
• D)$466,000.
• E)$388,000.

---

Definitions:

Normal Distribution

A bell-shaped probability distribution that is symmetric about the mean, describing how continuous data is dispersed around the average value.

Standard Deviation

A gauge for determining the level of difference or scattering in a series of amounts.

Mean High Temperature

The average of the highest temperatures observed over a specified period.

Normal Distribution

A symmetric, bell-shaped distribution of values in which the mean, median, and mode are all equal and located at the center of the distribution.