According to the textbook, ________ of the American workforce will be temporary or contract-based workers by 2008
A) 50% B) 20% C) 30% D) 75%
A
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Singer and McMann are partners in a business. Singer's original capital was $40,000 and McMann's was $60,000. They agree to salaries of $12,000 and $18,000 for Singer and McMann respectively and 10% interest on original capital. If they agree to share remaining profits and losses on a 3:2 ratio, what will McMann's share of the income be if the income for the year was $15,000?
A) $6,000 B) $9,400 C) $12,600 D) $14,000
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Indicate whether the statement is true or false