8. Ted and Fred are the owners of a gas station. They invested $150,000 each and pay...
Question:
8. Ted and Fred are the owners of a gas station. They invested
$150,000 each and pay an employee named Lawrence $35,000 per year. This year revenues are $900,000, while costs are
$940,000. Who is legally responsible for bearing the $40,000 loss? LO2.6
a. Lawrence.
b. Ted.
c. Fred.
d. Ted and Fred.
e. Lawrence, Ted, and Fred.
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Related Book For
Macroeconomics
ISBN: 9781259915673
21st Edition
Authors: Campbell McConnell, Stanley Brue , Sean Flynn
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