Before Liquidating Any Assets, the Partners Determined the Amount of Cash

question 66

Multiple Choice

Before liquidating any assets, the partners determined the amount of cash available for safe payments.How should the amount of safe cash payments be distributed?

• A) In a ratio of 2:4:4 among all the partners.
• B) $18,333 to Henry and $16,667 to Jacobs.
• C) In a ratio of 1:2 between Henry and Jacobs.
• D) $15,000 to Henry and $10,000 to Jacobs.
• E) $21,667 to Henry and $3,333 to Jacobs.

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Definitions:

Nonvolatile Storage

Permanent storage, as in read-only memory (ROM).

RAM Memory

Volatile computer memory where data can be read and written, used for storing the operating system, application programs, and data in current use.

Read/Write Head

A component of a disk drive, such as a hard drive, that reads data from and writes data to the disk.

Mechanical Hard Disk

A data storage device that uses mechanical platters and a moving read/write head to access data.