Harding,Jones,and Sandy Is in the Process of Liquidating and the Partners

question 13

Multiple Choice

Harding,Jones,and Sandy is in the process of liquidating and the partners have the following capital balances;20,000,22,000,and (10,000) respectively.The partners share all profits and losses 50%,35%,and 15%,respectively.Sandy has indicated that the (10,000) deficit will be covered with a forthcoming contribution.The remaining partners have requested to receive $18,382 in cash that is available.How should this cash be distributed?

• A)Harding $7,500;Jones $18,882.
• B)Harding $10,813;Jones $7,569.
• C)Harding $8,000;Jones $18,382.
• D)Harding $9,000;Jones $17,382.
• E)Harding $7,000;Jones $19,382.

Determine the impact of price changes on the optimal consumption bundle.

Apply the concept of indifference curves to demonstrate preferences and trade-offs between two goods.

Explain the significance of the rate at which goods are substituted to maintain consumer satisfaction.

Distinguish between points of utility maximization under current and altered budgetary conditions.

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