Tracy has a 25% profit interest and a 20% loss interest in the Dupont Partnership.The Dupont Partnership reports the following income and loss items for the current year:
What is Tracy's distributive share?
Definitions:
Median
The central figure in an arranged sequence of values, splitting the collection of data into two equal parts.
Magnitudes
Measures or levels of size, volume, amount, or extent of physical quantities or statistical values, often used in comparisons.
Variance
A statistical measure of the dispersion or spread of data points in a data set, indicating how far each data point in the set is from the mean.
Mean
The arithmetic average of a set of numbers, calculated by adding them together and dividing by the count of numbers.
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