Benson Is a Partner in B&D Company

question 88

True/False

Benson is a partner in B&D Company. Benson's share of the partnership income is $18,600 and her average partnership equity is $155,000. Her partner return on equity equals 8.33.
$18,600/$155,000 = 12%

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Definitions:

Percent Less

A term used to indicate a reduction or discount applied to a price or value, expressed as a percentage of the original amount.

Percent More

A comparative measure indicating how much higher one quantity is than another, expressed as a percentage.

Percent Change

The measure of the degree of change of a quantity, expressed as a percentage.

Nitrogen Fertilizer

A type of fertilizer that is high in nitrogen content, used to enhance soil fertility and stimulate plant growth.