Adriana and Belen are partners who share income in the ratio of 3:2 and have capital balances of $50,000 and $90,000 at the time they decide to terminate the partnership. After all noncash assets are sold and all liabilities are paid, there is a cash balance of $90,000. How much cash should be distributed to Adriana?

A) $50,000
B) $20,000
C) $30,000
D) $45,000


B

Business

You might also like to view...

Answer the following statements true (T) or false (F)

1. Disabilities always have visible signs. 2. Most people with disabilities do not face communication challenges in their everyday lives. 3. White people cannot be discriminated against. 4. Ethnocentrism refers to insulting discourse, phrases, terms, cartoons, or organized campaigns used to humiliate people based on age, gender, race, ethnicity, culture, sexual orientation, and more. 5. Hate speech has never been seen in the United States.

Business

A 50 percent markup at retail is equivalent to a 100 percent markup at cost

Indicate whether the statement is true or false

Business

Milly owns a car rental business that nets over $2 million. How is Milly contributing to the CERCLA trust fund?

Business

For a sample size of 21 at 95% confidence, the chi-square values needed for interval estimation are

a. 9.591 and 34.170. b. 2.700 and 19.023. c. 8.260 and 37.566. d. 10.283 and 35.479.

Business