The Partnership of Smith and Jones,who Have Average Capital Balances

question 101

Essay

The partnership of Smith and Jones,who have average capital balances of $11,000 and $19,000,respectively,earned $90,000 net income.Under each of the following independent situations,calculate the distribution of the $90,000.
a)No agreement was established.
b)Share based on their average capital balances.

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Definitions:

Stimulus Generalization

A psychological phenomenon where a response to a specific stimulus becomes associated with other stimuli that are similar, leading to a similar response even in the absence of the original stimulus.

Response Generalization

The process by which the effects of a learned behavior spread to similar behaviors not directly targeted by the initial intervention.

Generalization Tactics

Strategies used to apply learned behaviors or skills across different settings or stimuli.

Training Diversely

The approach of using a variety of methods, strategies, and contexts to teach or train, enhancing adaptability and generalization of learned skills.