Web Services Is Organized as a Limited Partnership,with Wren Littlefeather

question 133

Multiple Choice

Web Services is organized as a limited partnership,with Wren Littlefeather as one of its partners.Wren's capital account began the year with a balance of $87,000.During the year,Wren's share of the partnership income was $60,000 and she received $25,000 in distributions from the partnership.What is Wren's partner return on equity?

• A)57.42%
• B)49.18%
• C)68.97%
• D)33.49%
• E)40.23%

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Definitions:

Business Communication

The sharing of information between people within an organization or between a company and its customers.

Mistake

An error or fault in action, calculation, opinion, or judgment caused by poor reasoning, carelessness, or insufficient knowledge.

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A writing approach that focuses on the reader, often addressing them directly and prioritizing their interests, needs, or feelings.

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A dishonest technique involves methods or strategies intended to deceive, manipulate, or mislead individuals or groups for various purposes.