Keith and Jim Are Partners

question 110

Multiple Choice

Keith and Jim are partners. Keith has a capital balance of $50,000 and Jim has a capital balance of $40,000. Bill invested $30,000 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 $3,000 each.
• B)Bill received a bonus of $5,000.
• C)Keith and Jim received a bonus of $2,500 each.
• D)Bill received a bonus of $6,000.

Recognize the importance and goals of comprehensive diversity programs.

Understand the concept and importance of issues management in relation to economic and technological challenges.

Recognize the role and implications of the political-legal environment on business management.

Appreciate the significance of diversity management in achieving organizational goals.