Xavier and Yolonda have original investments of $50,000 and $100,000 respectively in a partnership. The articles of partnership include the following provisions regarding the division of net income: interest on original investment at 10%, salary allowances of $27,000 and $18,000 respectively, and the remainder equally. How much of the net loss of $6,000 is allocated to Xavier?
A) $4,000
B) $1,000
C) $3,000
D) $6,000
B
Business
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Which word below is in a typeface with serifs?
a. example b. example c. both of the above d. none of the above
Business
An international joint venture is:
A. A company owned by two or more companies from different countries. B. A contractual agreement between a company and a foreign party. C. A company that owns 100 percent of a foreign company. D. A company that owns more than 75 percent of a foreign company.
Business