Nguyen Invested $100,000 and Hansen Invested $200,000 in a Partnership

question 35

Multiple Choice

Nguyen invested $100,000 and Hansen invested $200,000 in a partnership.They agreed to share income and loss by allowing a $60,000 per year salary allowance to Nguyen and a $40,000 per year salary allowance to Hansen,plus an interest allowance on the partners' beginning-year capital investments at 10%,with the balance to be shared equally.Under this agreement,the shares of the partners when the partnership earns a $105,000 in income are:

• A)$52,500 to Nguyen; $52,500 to Hansen.
• B)$35,000 to Nguyen; $70,000 to Hansen.
• C)$57,500 to Nguyen; $47,500 to Hansen.
• D)$42,500 to Nguyen; $62,500 to Hansen.
• E)$70,000 to Nguyen; $60,000 to Hansen.

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Definitions:

Sociobiology

An interdisciplinary science that studies the biological bases of social behavior, across species, drawing from ethology, evolutionary theory, and genetics.

Evolutionary Psychology

A theoretical approach in the social and natural sciences that examines psychological structure from a modern evolutionary perspective.

Natural Selection

A fundamental mechanism of evolution, whereby individuals with traits better suited to their environment are more likely to survive and reproduce, passing those traits to future generations.

Evolutionary Process

The gradual development of organisms and species over time through mechanisms such as natural selection and genetic drift.