Cleary, Wasser, and Nolan Formed a Partnership on January 1

question 19

Multiple Choice

Cleary, Wasser, and Nolan formed a partnership on January 1, 2012, with investments of $100,000, $150,000, and $200,000, respectively. For division of income, they agreed to (1) interest of 10% of the beginning capital balance each year, (2) annual compensation of $10,000 to Wasser, and (3) sharing the remainder of the income or loss in a ratio of 20% for Cleary, and 40% each for Wasser and Nolan. Net income was $150,000 in 2012 and $180,000 in 2013. Each partner withdrew $1,000 for personal use every month during 2012 and 2013.
What was Wasser's total share of net income for 2013?

• A) $34,420.
• B) $75,540.
• C) $65,540.
• D) $70,040.
• E) $61,420.

Explain the effects of parental and societal influences on gender roles and expectations.

Comprehend the nature of sexual aggression, its forms, and its psychological and physical consequences.

Understand the significance of gender identity and the diversity of gender expressions across cultures.

Discuss the impact of gender on occupational choices and career aspirations.

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