Multiple Choice
Design Services is organized as a limited partnership,with Miko Toori as one of its partners.Miko's capital account began the year with a balance of $35,000.During the year,Miko's share of the partnership income was $7,500,and Miko received $4,000 in distributions from the partnership.What is Miko's partner return on equity?
A) 10.2%
B) 22.7%
C) 19.5%
D) 20.4%
E) 21.4%
Correct Answer:

Verified
Correct Answer:
Verified
Q50: Wallace and Simpson formed a partnership with
Q51: Cox,North,and Lee form a partnership.Cox contributes $180,000,North
Q52: Lin and Coral invested $99,000 and $126,000,respectively,in
Q53: Ranger and Sol formed a partnership with
Q55: Peters and Chong are partners and share
Q57: R.Stetson contributed $14,000 in cash plus office
Q59: Bannister invested $110,000 and Wilder invested $99,500
Q61: Partners in a partnership are taxed on
Q86: Tower, Knight, and Spears are partners who
Q108: The withdrawals account of each partner is