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

question 6

Multiple Choice

Xavier and Yolanda 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 $38,000 and $28,000 respectively, and the remainder equally. How much of the net income of $75,000 is allocated to Yolanda?

• A) $66,000
• B) $40,000
• C) $35,000
• D) $43,000

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Definitions:

Humanistic Approach

A psychological perspective emphasizing empathy and stresses the good in human behavior, focusing on self-actualization and personal growth.

Free Will

The ability to make choices that are not predestined by past events, genetics, or environmental influences, highlighting human autonomy.

Poorly Defined

Refers to concepts, terms, or ideas that are not clearly elaborated or explained, making their understanding vague or incomplete.

Rogers

A reference to Carl Rogers, a prominent psychologist known for his contributions to humanistic psychology and the concept of person-centered therapy.