Cleary, Wasser, and Nolan Formed a Partnership on January 1

question 82

Multiple Choice

Cleary, Wasser, and Nolan formed a partnership on January 1, 2012, with investments of $100,000, $150,000, and $200,000, respectively. For division of income, they agreed to (1) interest of 10% of the beginning capital balance each year, (2) annual compensation of $10,000 to Wasser, and (3) sharing the remainder of the income or loss in a ratio of 20% for Cleary, and 40% each for Wasser and Nolan. Net income was $150,000 in 2012 and $180,000 in 2013. Each partner withdrew $1,000 for personal use every month during 2012 and 2013.
What was Cleary's total share of net income for 2012?

• A) $63,000.
• B) $53,000.
• C) $58,000.
• D) $29,000.
• E) $51,000.

Understand the role of transference in therapeutic settings.

Comprehend methods for associating relaxation with anxiety-arousing situations.

Evaluate the effectiveness of psychotherapy and the influence of factors like the placebo effect.

Differentiate between cognitive therapy and cognitive-behavioral therapy.

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Definitions:

Carload

A shipping term denoting the minimum quantity of cargo required for a shipper to qualify for a reduced rate.

Hormone-Free

Refers to animals raised without the use of growth hormones, often used in reference to meat or dairy products.

Stress-Free

A state or condition where an individual experiences no or minimal stress, leading to a sense of calm and tranquility.

Organic Plant Fertilizer

A natural substance used to enhance plant growth and soil fertility, made from organic materials without synthetic chemicals.