Three Joint Operators Are Involved in a Joint Operation That

question 9

Multiple Choice

Three joint operators are involved in a joint operation that manufactures ships chandlery. At the beginning of the year the joint operation held €50 000 in cash. During the year the joint operation incurred the following expenses: Wages paid €20 000, Overheads accrued €10 000. Additionally creditors amounting to €40 000 were paid and the joint operators contributed €15 000 cash each to the joint operation. The balance of cash held by the joint operation at the end of the year is:

• A) € 5000;
• B) €25 000;
• C) €35 000;
• D) €75 000.

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Definitions:

Commonsense Understanding

The natural ability to make practical judgments and decisions based on the simple perception of the situation or facts.

Clinical Psychologist

A professional specializing in diagnosing and treating mental illness, emotional disturbances, and dysfunctional behavior through therapy.

Tense And Anxious

Feeling a state of nervousness or worry, often characterized by physical symptoms like increased heart rate and sweating.

Stays Home

The act of remaining in one's living residence instead of going out to social or public places.