Bill and Bob Share Profits of Their Partnership Firm in the Ratio

question 96

Multiple Choice

Bill and Bob share profits of their partnership firm in the ratio of 5:1. If the net income of the firm is $30,000, calculate the share of Bill's net income.

• A)$20,000
• B)$5,000
• C)$30,000
• D)$25,000

Grasp the effects and mechanisms of capital flight on a country's economy.

Comprehend the principles of self-regulation and how it can be learned and applied.

Recognize the impact of acknowledging errors on personal impressions.

Identify self-defeating behaviors and strategies for self-presentation.

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Definitions:

Cafeteria

A type of food service location within an institution where there is a selection of different meals available, generally serving food in a self-service manner.

Service Department

A division within a company that performs support functions, aiding the production or sales departments but not generating revenue directly.

Information Technology

The use of computers, storage, networking and other physical devices, infrastructure, and processes to create, process, store, secure, and exchange all forms of electronic data.

Operating Departments

Divisions within an organization directly involved in its core business activities, such as production or sales.