Carrie and Callie Form a Partnership in Which Carrie Contributes

question 109

Multiple Choice

Carrie and Callie form a partnership in which Carrie contributes $85,000 in assets and agrees to devote half time to the partnership. Callie contributed $50,000 in assets and agrees to devote full time to the partnership. If no additional information is available, how will Carrie and Callie share in the division of income?

• A) 5:8.5
• B) 1:2
• C) 1:1
• D) 2:1

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Definitions:

Rectifier

A device that converts alternating current (AC) to direct current (DC).

Converter

A device that changes electrical energy from one form to another, such as AC to DC or vice versa.

DC Bus

A common electrical pathway used in DC power systems, linking the power supply, converters, and the loads.

VFD

A Variable Frequency Drive is a motor controller device that operates an electric motor by adjusting the voltage and frequency provided to it.