Use the Following Information to Answer the Question(s) Below

question 6

Multiple Choice

Use the following information to answer the question(s) below.

Bertram and Ernest share profits and losses equally after salary and interest allowances. Bertram and Ernest receive salary allowances of $40,000 and $60,000, respectively, and both partners receive 10% interest on their average capital balances. Average capital balances are calculated at the beginning of each month, regardless of when additional capital contributions or permanent withdrawals are made subsequently within the month. Partners' drawings of $3,000 per month are not used in determining the average capital balances. Total net income for 2014 is $240,000.
Permanent withdrawals of capital:
Additional investments of capital:

-If the average capital balances for Bertram and Ernest are $200,000 and $240,000,what will the total partnership profit allocations be for Bertram and Ernest in 2014?

• A)$100,000 and $140,000
• B)$108,000 and $132,000
• C)$120,000 and $120,000
• D)$140,000 and $100,000

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Definitions:

Dopamine Activation

The process by which dopamine, a neurotransmitter associated with pleasure and reward, is released and binds to its receptors in the brain.

Reinforced Behavior

Behavior that is strengthened and likely to be repeated due to the application of rewards or removal of negative stimuli.

Delusions of Persecution

A type of delusion where an individual believes they are being plotted against, spied on, slandered, or harassed.

Cognitive-Behavioral View

A psychological approach that combines cognitive and behavioral techniques to address dysfunctional emotions, behaviors, and thoughts.