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Blaser,Lukins,and Franko formed a partnership with Blaser contributing $160,000,Lukins contributing $520,000,and Franko contributing $240,000.Their partnership agreement called for the income (loss) division to be based on the ratio of capital investments.If the partnership had income of $275,000 for its first year of operation,what amount of income (rounded to the nearest dollar) would be credited to Franko's capital account?
Work Hours
The specific hours during a day in which an employee is expected to conduct their work duties.
Average Workweek
The typical number of hours worked by employees in a specific period, commonly calculated on a weekly basis.
Malthusian Theory
A principle suggesting that population growth is potentially exponential while the growth of the food supply or other resources is linear, leading to inevitable shortages.
Least Developed Nations
Countries that meet criteria based on income, human assets, and economic vulnerability, recognized as being the most economically and socially challenged globally.
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