Floyd and Merriam Start a Partnership Business on June 12

question 84

Multiple Choice

Floyd and Merriam start a partnership business on June 12, 2019. Their capital account balances as of December 31, 2020 stood as follows: They agreed to admit Ramelow into the business for a one-third interest in the new partnership. He had to bring in a cash contribution of $20,000 for the same. Which of the following is the correct capital account balance of Ramelow after he enters the business?

• A)$20,000
• B)$30,000
• C)$25,000
• D)$50,000

Understand the concept of vulnerable populations in the community health context.

Prioritize patient goals in situations of abuse and homelessness.

Comprehend the scope and goals of national health initiatives like Healthy People 2020.

Assess the prioritization of health problems in culturally diverse populations.

---

Definitions:

Treatment Programs

Treatment programs are structured plans or interventions designed to address specific health issues, disorders, or diseases, and may include medication, therapy, counseling, or lifestyle modifications.

Attendance Sheet

is a document used to record the presence of individuals at an event, meeting, or class.

Compound Interest

Interest calculated on the initial principal, which also includes all of the accumulated interest from previous periods on a deposit or loan.

Simple Interest

Interest calculated on the principal portion of a loan or deposit, without compounding on the interest previously earned.