Partner A has a capital balance of $20,000 and devotes full time to the partnership. Partner B has a capital balance of $30,000 and devotes half time to the partnership. In what ratio is net income to be divided?
A) 3:5
B) 1:1
C) 2:3
D) 1:2
B
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______ is defined as the capacity of individuals to cooperate with leaders.
A. Compliance B. Commitment C. Followership D. Participating
Which of the following statements about installment notes is correct?
A. With each subsequent payment on an installment note, the amount of the principal paid remains unchanged. B. With each subsequent payment on an installment note, the amount of the principal paid decreases. C. With each subsequent payment on an installment note, the amount of interest expense increases. D. With each subsequent payment on an installment note, the amount of interest expense decreases.
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