Andre, Beau, and Caroline Share Profits and Losses of Their

question 74

Multiple Choice

Andre, Beau, and Caroline share profits and losses of their partnership as 2:2:5. If the net income is $900,000, calculate the profit share of Caroline.

• A)$200,000
• B)$500,000
• C)$250,000
• D)$100,000

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Definitions:

Representation Votes

A voting process in which employees decide whether they want to be represented by a union.

Bargaining Unit

A group of employees of an employer represented by a trade union recognized or certified as their exclusive bargaining representative.

Collective Agreement

A written contract negotiated between an employer and a union representing the employees, outlining the terms of employment, working conditions, and wages.

Arbitration Boards

Panels established to resolve disputes between parties through the arbitration process rather than through court litigation.