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Keith and Jim Are Partners

question 83

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Keith and Jim are partners.Keith has a capital balance of $50,000 and Jim has a capital balance of $38,000.Bill invested a building worth $30,000 to the partnership for an ownership interest of 20%.How much is the total bonus for the existing partners?


Definitions:

Open Practices

Practices in research and scholarship that promote accessibility, transparency, and accountability, which include open access publishing, open data, and open methodology.

Transparency

The quality of being open, communicative, and accountable, making actions, decisions, and processes easy to understand and scrutinize.

Independent Variable

A variable that is manipulated in an experiment to see if it causes a change in another variable.

Confounding Variable

A factor other than the independent variable that might produce an effect in an experimental design, thus confounding the results.

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