Gary,Peter and Chris and Have Capital Balances of $27,000,$43,000,and $31,000,respectively

question 14

Multiple Choice

Gary,Peter and Chris and have capital balances of $27,000,$43,000,and $31,000,respectively.As per the partnership agreement,Gary gets a profit share of 2/9;Peter gets 4/9;and Chris gets 3/9.The partnership agrees to pay $21,000 as the final settlement to Gary.How much bonus does Peter receive as a result of this transaction?

• A)$2667
• B)$3429
• C)$2571
• D)$3333

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Definitions:

PWM Signal

A PWM (Pulse Width Modulation) signal is a method used in electrical control systems to regulate the amount of power delivered to a device by modifying the width of the pulse of the signal.

Allison TC10

A model of a fully automatic transmission designed by Allison Transmission, often used in heavy-duty commercial vehicles for optimized performance.

Countershafts

Secondary shafts in a gearbox that rotate to transfer motion from the main shaft to various gears, altering the output speed and torque.

Torque Split

The distribution of engine torque between the front and rear axles in an all-wheel drive or four-wheel drive system.