A Local Partnership Was in the Process of Liquidating and Reported

question 66

Multiple Choice

A local partnership was in the process of liquidating and reported the following capital balances:
Douglass indicated that the $14,000 deficit would be covered by a forthcoming contribution.However,the two remaining partners asked to receive the $31,000 that was then available.
How much of this money should Justice receive?

• A)$15,000.
• B)$15,467.
• C)$17,333.
• D)$16,533.
• E)$15,867.

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Definitions:

Industrial-Organizational Psychologist

A professional who applies psychological theories and principles to the workplace, aiming to improve productivity, select and retain employees, and enhance organizational effectiveness.

Job Satisfaction

The degree to which an individual feels fulfilled, content, and happy with their job.

Productivity

A measure of the efficiency of production, often quantified as the ratio of outputs to inputs in a production process.

Hindsight Bias

The tendency to believe, after an event has occurred, that one would have foreseen or predicted the event — commonly known as the "I-knew-it-all-along" effect.