General Widget's partnership assets amount to $34,000 after liquidation. Frank, Gene, and Hank, equal partners, each contributed $3,000 into the capital pool at the inception of the business. Gene later loaned the business $5,000 . The partnership owes $23,000 to creditors for inventory. Under the UPA, what will Gene get in distribution, assuming there is no agreement on the distribution of
profits?
a. $5,000.
b. $7,000.
c. $8,000.
d. $11,000.
b
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Which of the following is an example of an arbitrary trademark?
a. Camel b. Kodak c. Exxon d. Clorox
Harris Corporation's before-tax income was $400,000. It does business entirely in Pennsylvania, which has a 6% corporate income tax. Compute Harris' federal income tax.
A. $78,960 B. $84,000 C. $136,000 D. $102,960
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a. Data Analysis b. Goal Seeker c. Excel Solver d. Watch Window
According to Johnson, which of the following is NOT an element of the cultural web?
A. The paradigm B. Stories C. Symbols D. Attitude