Lexi Invests $80,000 for a One-Fourth Interest in a Partnership

question 45

Multiple Choice

Lexi invests $80,000 for a one-fourth interest in a partnership in which the other partners have capital totaling $160,000 before admitting Lexi.After distribution of the bonus,what is Lexi's capital balance?

• A)$20,000
• B)$40,000
• C)$60,000
• D)$80,000

Understand the concept and application of naturalistic observation in research.

Recognize the influence of wording effects in survey research.

Grasp the significance of representative samples in accurately reflecting larger populations.

Comprehend the use and impact of big data collection methodologies in contemporary research.

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Definitions:

Output

The total amount of goods or services produced by a person, machine, or industry.

Total Fixed Cost

The sum of all expenses that remain constant regardless of the level of production or output in a business operation.

Average Fixed Cost

the total fixed costs divided by the number of units produced, illustrating how fixed costs dilute with increased production.

Average Variable Cost

The total variable costs of production divided by the number of units produced, representing the variable cost per unit.