Singer and McMann are partners in a business. Singer's original capital was $40,000 and McMann's was $60,000 . They agree to salaries of $12,000 and $18,000 for Singer and McMann, respectively, and 10% interest on original capital. If they agree to share remaining profits and losses on a 3:2 ratio, what will McMann‘s share of the income be if the income for the year is $30,000?
a. $20,000
b. $18,000
c. $18,600
d. $17,400
a
Business
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Identify the method that accounts for the majority of resolutions in international commercial transaction disputes.
A. criminal suits B. arbitration C. litigation D. conciliation E. coercion
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The inaccurate expectancy perceptions in the sales force can be improved:
A. Through less restrictive supervision B. By eliminating time allocation schedules C. Through expanded sales training programs D. By hiring only experienced salespeople E. By recruiting inexperienced salespeople that can be trained from the beginning to have accurate expectancy perceptions
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