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Reardon and Reese had capital balances of $140,000 and $160,000,respectively,at the beginning of the current fiscal year.The partnership agreement provides for salary allowances of $25,000 and $35,000,respectively; an allowance of interest at 12% on the capital balances at the beginning of the year; and the remaining net income divided equally.Net income for the current year was $120,000.
Great Deprivation
A severe lack of basic necessities or comforts of life, which can include food, shelter, and access to healthcare.
Union Density
A measure of the proportion of workers who are members of labor unions compared to the total workforce, often used to gauge the strength and influence of unions.
Union Representation
The act of a labor union standing in for its members in negotiations and discussions with employers.
Union Organization
An association of workers formed to negotiate collectively with their employer regarding wages, work conditions, and other aspects of their work.
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