Gary and Felix Are Partners of a General Partnership

question 77

Multiple Choice

Gary and Felix are partners of a general partnership.Gary does two-thirds of the partnership work,while Felix does one-third of the work.Last year the partnership earned $300,000 in profits.Under the RUPA,how much of the $300,000 is Felix entitled to receive?

• A)$200,000
• B)$150,000
• C)$100,000
• D)$250,000

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Definitions:

In Situ Conservation

The conservation of genetic resources in natural populations of plant or animal species, such as the conservation of endangered species in their natural habitat.

Ex Situ Conservation

The strategy of conserving biological diversity by preserving genetic material or entire organisms outside their natural habitats.

Ozone Molecules

A molecule made up of three oxygen atoms, playing a crucial role in absorbing the sun's ultraviolet radiation in the stratosphere, thus protecting life on Earth.

Stratosphere

The layer of the atmosphere between the troposphere and the mesosphere. It contains a thin ozone layer that protects life by filtering out much of the sun’s ultraviolet radiation.