Xavier and Yolonda Have Original Investments of $50,000 and $100,000

question 26

Multiple Choice

Xavier and Yolonda have original investments of $50,000 and $100,000 respectively in a partnership. The articles of partnership include the following provisions regarding the division of net income: interest on original investment at 10%, salary allowances of $27,000 and $18,000 respectively, and the remainder equally. How much of the net loss of $6,000 is allocated to Xavier?

• A) $4,000
• B) $1,000
• C) $3,000
• D) $6,000

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Definitions:

Cytoskeleton

A network of protein fibers within a cell that gives it shape, offers support, and facilitates movement.

Substance P

A neuropeptide involved in the transmission of pain and other functions such as mood and inflammation.

Alpha Waves

Brain waves detected by electroencephalography (EEG) that are typically associated with a state of relaxed, awake alertness.

Beta Waves

Brainwave patterns associated with active, alert consciousness and cognitive processes.