Question

Eric, Teri, and Jana formed a partnership. Their cash contributions were $60,000 by Eric, $36,000 by Teri, and $24,000 by Jana. Jana will be responsible for 80% of day-to-day operations. Teri has unlimited liability, and each of the other partners is liable for 25% of the partnership debt. If the partnership agreement does not state how profits are to be shared, the Revised Uniform Partnership Act (RUPA) provides for which arrangement

Answer 1

Answer:

TRIGGU

TRIGGU

TRIGGU

TRIGGU

Answer 2

The Revised Uniform Partnership Act (RUPA) provides for the arrangement when all three = 33 1/3%.

What is profit sharing?

Profit sharing is known to be a term that connote the incentive plans that was introduced by businesses that gives direct or indirect payments to employees based on firm's profitability and others.

Note that based on the scenario given above, the Revised Uniform Partnership Act (RUPA) provides for the arrangement when all three will share 33 1/3%  profits.

Learn more about profit sharing from

https://brainly.com/question/26764420

#SPJ2