Web Services Is Organized as a Limited Partnership,with Wren Littlefeather

question 133

Multiple Choice

Web Services is organized as a limited partnership,with Wren Littlefeather as one of its partners.Wren's capital account began the year with a balance of $87,000.During the year,Wren's share of the partnership income was $60,000 and she received $25,000 in distributions from the partnership.What is Wren's partner return on equity?

• A)57.42%
• B)49.18%
• C)68.97%
• D)33.49%
• E)40.23%

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Definitions:

Secured Transactions

Financial transactions in which the borrower pledges collateral to ensure repayment of a loan.

Credit

A financial term denoting an arrangement where goods, services, or money is received with the promise of future payment.

Sellers

Individuals or entities engaged in providing goods or services to buyers in exchange for payment.

Priority

Priority refers to the state of being earlier in order, time, or importance, often determining the sequence for dealing with multiple items or tasks.