Danny Ortiz and Angela Hufford Are Partners, and Each Has

question 91

Multiple Choice

Danny Ortiz and Angela Hufford are partners, and each has a capital balance of $25,000. To gain admission to the partnership, Derek Peters pays $15,000 directly to Ortiz for one-half of his equity. After the admission of Peters, Ortiz' share of the partnership equity will be

• A)$40,000.
• B)$15,000.
• C)$32,500.
• D)$12,500.

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Definitions:

Token Economies

A behavioral modification system used in various settings where individuals earn tokens for exhibiting desired behaviors, which can later be exchanged for rewards.

Contingency Management

A behavioral therapy technique that rewards positive behavior and punishes negative behavior to encourage desired behavioral changes.

Extinction

In behavioral psychology, the process by which a conditioned response decreases in frequency and eventually disappears when the reinforcement is withheld.

Yelling Behavior

Vocal expressions performed at a high volume, often indicative of anger, distress, or attempting to command attention.