Keith and Jim Are Partners

question 38

Multiple Choice

Keith and Jim are partners.Keith has a capital balance of $51,000 and Jim has a capital balance of $37,000.Bill invested $27,000 to acquire an ownership interest of 30%.Which of the following statements is true of this transaction?

• A)Keith and Jim received a bonus of $2550 each.
• B)Keith and Jim received a bonus of $3750 each.
• C)Bill received a bonus of $5100.
• D)Bill received a bonus of $7500.

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Definitions:

Primitive Type

Basic data types provided by a programming language as building blocks, such as int, char, and float in Java.

Unboxing

The automatic conversion of an object of a wrapper class (like Integer or Boolean) back into its corresponding primitive type.

Math Method

Functions or routines in programming that perform mathematical operations such as addition, subtraction, multiplication, and division.

Whole Number

An integer value that is non-negative, including zero and all positive integers.