Debbie and Alex Formed a New Partnership $\$ 45,000$ ; Alex- $\$ 45,000$

question 166

Short Answer

Debbie and Alex formed a new partnership.The partnership agreement specified that income should be allocated in a 2-to-1 ratio, with Debbie receiving the larger portion.If revenue for the first year was $90,000 and expenses were $60,000, how much would be allocated to each partner? a. Debbie- $\$ 45,000$ ; Alex- $\$ 45,000$
b. Debbie- $\$ 20,000 ;$ Alex- $\$ 10,000$
c. Debbie- $\$ 60,000 ;$ Alex- $\$ 30,000$
d. Debbie- $\$ 40,000 ;$ Alex- $\$ 20,000$

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Definitions:

Intellectual Courage

The willingness to engage with challenging ideas or questions, even when it involves personal risk or challenges to one’s own beliefs.

Rural Area

A region located outside towns and cities, often characterized by lower population density, agricultural, or natural settings.

Critical Thinking

The objective analysis and evaluation of an issue in order to form a judgment.

Decision-Making Process

Refers to the steps involved in choosing a course of action among various alternatives, typically involving problem identification, option analysis, and selecting the most suitable solution.