Web Services Is Organized as a Limited Partnership, with David

question 73

Multiple Choice

Web Services is organized as a limited partnership, with David White as one of its partners. David's capital account began the year with a balance of $45,000. During the year, David's share of the partnership income was $7,500, and David received $4,000 in distributions from the partnership. What is David's partner return on equity?

• A) 7.8%
• B) 8.9%
• C) 15.4%
• D) 16.0%
• E) 16.7%

---

Definitions:

Observational Learning

The process of learning behaviors through observing and imitating others, also known as social learning or modeling.

Attitude

A psychological construct that represents an individual's degree of like or dislike, favor or disfavor, towards an object, person, thing, or event.

Evaluation

The systematic assessment of the value, importance, or quality of something, often for the purpose of making decisions or improvements.

Object Of Thought

The content or subject matter that is being considered or mentally represented by an individual.