Carter Pearson Is a Partner in Event Promoters

question 41

Multiple Choice

Carter Pearson is a partner in Event Promoters.His beginning partnership capital balance for the current year is $55,000,and his ending partnership capital balance for the current year is $62,000.His share of this year's partnership income was $6,250.What is his partner return on equity?

• A)5.34%
• B)8.93%
• C)10.08%
• D)11.36%
• E)10.68%

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Definitions:

Forming Stage

The initial phase of team development where members meet and start to work together for the first time.

Accepted

Recognized as valid or suitable within a particular context or community; generally agreed upon.

Understood

Refers to the state or condition of being comprehended or grasped mentally.

Final Stage

The last phase in a process or lifecycle where objectives are finalized or outcomes are fully realized.