White, Sands, and Luke Has the Following Capital Balances and Profit

question 36

Multiple Choice

White, Sands, and Luke has the following capital balances and profit and loss ratios:
$60,000 (30%) , $100,000 (20%) and $200,000 (50%) .
The partnership has received a predistribution plan.

-How would $200,000 be distributed? $\begin{array} { ccc } && \text { White } & { \text { Sands } } && { \text { Luke } } \\\end{array}$
A. $\begin{array} { ccc } & \$ 60,000 & \$ 40,000 & \$ 100,000 \\\end{array}$
B. $\begin{array} { ccc } & \$ 6,000 && \$ 44,000 & \$ 150,000 \\\end{array}$
C. $\begin{array} { ccc } & \$ 48,148 && \$ 65,432 & \$ 86,420 \\\end{array}$
D. $\begin{array} { ccc } & \$ 12,000 && \$ 68,000 & \$ 120,000 \\\end{array}$
E. $\begin{array} { ccc } & \$ 60,000 && \$ 100,000 & \$ 40,000 \\\end{array}$

• A)Option A
• B)Option B
• C)Option C
• D)Option D
• E)Option E

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Definitions:

Conformity

The act of matching attitudes, beliefs, and behaviors to group norms, policies, or societal expectations.

Social Cognition

The mental processes that people use to make sense of the social world around them.

Obedience

The act of following orders or directions from an authority figure, often without question.

Perceived Authority

The extent to which an individual is viewed by others as knowledgeable or powerful in a particular area or situation, affecting their influence over others.