Benson and Orton are partners who share income in the ratio of 2:3 and have capital balances of $50,000 and $30,000 respectively. Ramsey is admitted to the partnership and is given a 40% interest by investing $20,000. What is Benson's capital balance after admitting Ramsey?
A) $20,000
B) $25,000
C) $42,000
D) $18,000
C
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A local hair salon is analyzing its customer data to determine the last time each customer visited the salon, if he or she purchased a hair care product, and how much money the customer spends on the salon's services and products. In essence, it is trying to determine its customers' profit potential so it can target them for marketing efforts. What data analysis tool is the salon using?
A. customer segmentation analysis B. recency-frequency-monetary analysis C. demographic value analysis D. lifetime value analysis E. predictive modeling
________ are usually higher-priced items, which are bought infrequently, and for which customers compare prices.
A. Seasonal goods B. Shopping goods C. Convenience goods D. Fringe goods
In situational leadership, a leader uses a participating style when his followers' maturity level is
A. moderate to high. B. moderate to low. C. low. D. high.
Cecile is an avid cook and enjoys spending time in the kitchen as well as watching shows on the Food Network. She recently remodeled her kitchen and purchased new appliances. Since she enjoys cooking so much, Cecile purchased a commercial range from a local restaurant supply store and it features double ovens and 12 burners. Her contractor had to make some modifications to enhance the safety of this stove for use in her home but no other changes were needed. What type of product is the stove in the context of this example?
a. ?consumer b. ?business c. ?shopping d. ?convenience