Albert,Billy,and Cathy Share Profits and Losses of Their Partnership in a 1:6:3,ratio

question 83

Multiple Choice

Albert,Billy,and Cathy share profits and losses of their partnership in a 1:6:3,ratio respectively.If the net income is $60,000,calculate Billy's share of the profits.(Do not round any intermediate calculations.)

• A) $12,000
• B) $18,000
• C) $36,000
• D) $6000

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Definitions:

Integration

The process of combining or coordinating separate elements so they work together effectively.

Trade Barriers

Measures imposed by governments to restrict or control the flow of goods and services across borders, affecting international trade.

Specialization

The process of focusing on and becoming expert in a specific area of work, study, or business, often leading to increased efficiency and productivity.

Economies of Scale

Cost advantages obtained due to the scale of operation, with cost per unit of output generally decreasing with increasing scale.