Xavier and Yolonda have original investments of $50,000 and $100,000 respectively in a partnership. The articles of partnership include the following provisions regarding the division of net income: interest on original investment at 10%, salary allowances of $27,000 and $18,000 respectively, and the remainder equally. How much of the net loss of $6,000 is allocated to Xavier?
A) $4,000
B) $1,000
C) $3,000
D) $6,000
B
You might also like to view...
Figure 12-4Figure 12-4 above depicts the four most common marketing channels for business products and services. Channel A would be an appropriate marketing channel for ________.
A. Marathon electrical motors B. Boeing aircraft C. John Deere tractors D. Western Fence fencing systems E. Caterpillar lift trucks
In a short essay, discuss why it is important to evaluate a marketing research project. Include a listing of at least five specific questions that should be asked when evaluating the marketing research project
What will be an ideal response?
According to the Montana Wrongful Discharge from Employment Act, what are the three elements of a wrongful discharge?
Selling direct-to-customer is more common with business products than consumer products.
Answer the following statement true (T) or false (F)