Benson and Orton are partners who share income in the ratio of 2:3 and have capital balances of $60,000 and $40,000, 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?

Traffic flows are one dominant factor in locating manufacturing location

Indicate whether the statement is true or false

Which of the following statements is TRUE regarding arbitration?

a. Arbitration takes place in a private forum. b. An arbitrator can render a binding decision. c. Arbitration does not involve a third party. d. An arbitrator cannot be required to testify in court.