Que, Rae, and Sye Are in the Process of Liquidating

question 3

Multiple Choice

Que, Rae, and Sye are in the process of liquidating their partnership.Sye has agreed to accept the inventory, which has a fair value of $60,000, as part of her settlement.A balance sheet and the residual profit and loss sharing percentages are as follows: If the partners then distribute the available cash using a safe payments schedule, Sye will receive

• A) $ 41,000 cash.
• B) $ 51,000 cash.
• C) $107,000 cash.
• D) $175,000 cash.

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Definitions:

Performance Evaluation

The result of an annual or biannual process in which a manager evaluates an employee’s performance relative to the requirements of his or her job and uses the information to show the person where improvements are needed and why

Evaluation Training

The systematic assessment of the design, implementation, and outcomes of training programs to determine their effectiveness and to make informed decisions on their improvement.

Correlation Analyses

Statistical techniques used to measure and describe the strength and direction of the relationship between two variables.

Reliability

The consistency and dependability of a process, system, or measurement.