Task performance varies across jobs and is likely to be role prescribed
Indicate whether the statement is true or false
T
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If goods are sold on terms FOB shipping point, the ________
A) seller normally pays the transportation costs B) buyer normally pays the transportation costs C) buyer and the seller split the transportation costs D) shipping company bears the transportation cost
Wilson and Thomas are partners. Wilson contributed $150,000 to the partnership, and Thomas contributed $50,000. Wilson does 40% of the work, and Thomas does 60%. They do not have a partnership agreement that addresses the sharing of profits and losses. By the end of the year, the partnership has earned a profit of $200,000. What is Wilson's share of the profit under the Revised Uniform Partnership Act?
A. $80,000 B. $100,000 C. $120,000 D. $150,000