The Capital Accounts of Hawk and Martin Have Balances of $160,000

question 41

Multiple Choice

The capital accounts of Hawk and Martin have balances of $160,000 and $140,000, respectively, on January 1, 2010, the beginning of the current fiscal year. On April 10, Hawk invested an additional $10,000. During the year, Hawk and Martin withdrew $86,000 and $68,000, respectively, and net income for the year was $258,000. The articles of partnership make no reference to the division of net income. Based on this information, the statement of partners' equity for 2010 would show what amount in the capital account for Hawk on December 31, 2010?

• A) $211,600
• B) $213,000
• C) $201,000
• D) $203,000

Recognize significant figures and their contributions to the abolitionist movement and the struggle for freedom.

Understand the determinants of social status and wealth in the South.

Describe the legal and social conditions of free blacks in the antebellum South.

Analyze the unique multiracial societies in southern cities.

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Definitions:

Strict Route Designs

Planned and fixed paths or schedules designated for logistics, sales, or service visits to ensure efficiency and coverage.

Frequency of Sales Calls

The number of times sales representatives contact prospects or customers within a given period to promote their products or services.

Development Sales Territories

The process of organizing and dividing a geographical area or market into specific segments or territories for more efficient sales management and targeting.

Inefficient

Lacking in effectiveness or the ability to produce a desired outcome without wasting materials, time, or energy.