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NEW QUESTION: 1
A. Option D
B. Option A
C. Option B
D. Option C
Answer: D
NEW QUESTION: 2
In 1992, Anchor, Chain, and Hook created ACH Associates, a general partnership. The partners orally
agreed that they would work full time for the partnership and would distribute profits based on their capital
contributions. Anchor contributed $5,000; Chain $10,000; and Hook $15,000. For the year ended
December 31, 1993, ACH Associates had profits of $60,000 that were distributed to the partners. During
1 994, ACH Associates was operating at a loss. In September 1994, the partnership dissolved.
In October 1994, Hook contracted in writing with Ace Automobile Co. to purchase a car for the partnership.
Hook had previously purchased cars from Ace Automobile Co. for use by ACH Associates partners. ACH
Associates did not honor the contract with Ace Automobile Co. and Ace Automobile Co. sued the
partnership and the individual partners.
A. Hook's share of ACH Associates' 1993 profits was $30,000.
B. Anchor's share of ACH Associates' 1993 profits was $20,000.
Answer: A
Explanation:
Choice "b" is correct. Unless otherwise agreed, partners share profits equally. Here, the partners agreed
to share profits on the basis of their contributions, which were in a ratio of 1:2:3 respectively for Anchor,
Chain, and Hook. Thus, Anchor's share of the 1993 profits was $10,000, Chain's share was $20,000, and
Hook's share was $30,000.
NEW QUESTION: 3
Directly connected to the specified port of the peer device, does not forward any packets, but which port is the port that receives BPDUs to monitor network changes?
A. Root Port
B. Alternate Port
C. Disable Port
D. Designated Port
Answer: D