Steve and Roger Allocate 2/3 of Their Partnership's Profits and Losses

question 157

Multiple Choice

Steve and Roger allocate 2/3 of their partnership's profits and losses to Steve and 1/3 to Roger.If the net income of the firm is $30,000,calculate Roger's share of net income.(Do not round any intermediate calculations.)

• A) $20,000
• B) $10,000
• C) $30,000
• D) $25,000

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Definitions:

Basilar Artery

A major blood vessel located at the base of the brain, supplying blood to the brainstem and posterior part of the brain.

Subclavian Artery

A major artery that supplies blood to the arms and, indirectly, to the chest wall and shoulders.

Vertebral Artery

A major artery that supplies blood to the posterior part of the brain, passing through the transverse foramina of the cervical vertebrae.

Great Saphenous Vein

The longest vein in the body, running along the length of the lower leg and thigh, and often used in coronary artery bypass surgery.