Franco, Maria and Gomez Entered into a Partnership to Buy

question 193

Multiple Choice

Franco, Maria and Gomez entered into a partnership to buy a steel manufacturing plant. They agreed to distribute profits in the same proportion as their respective capital investments in the partnership. How will recent period's profit of $287 800 be allocated to Maria, if Franco's capital investment shows a balance of $34 million, Maria's shows $49 million and Gomez's shows $54.5 million?

• A) $75 165
• B) $102 561
• C) $114 074
• D) $257 800
• E) $110 000

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Definitions:

Employment Equity

A policy aimed at promoting fair treatment and eliminating discrimination in the workplace, ensuring equal opportunities for all employees.

Designated Group

Specific categories of individuals identified for special attention or treatment in policies or programs, often related to employment equity.

Employment Equity Plan

A strategic document outlining specific actions an organization will take to achieve employment equity and fair treatment for all employees.