A ratio of 4:2:1 is the same as

a.4/10:2/10:1/20

b.40%:20%:10%

c.4/7:2/7:1/7

d.7/4:7/2:7/1

Seth and Beth have original investments of $50,000 and $100,000, respectively, in a partnership. The articles of partnership include the following provisions regarding the division of net income: interest on original investment at 10%; salary allowances of $27,000 and $18,000, respectively; and the remainder to be divided equally. How much of the net income of $42,000 is allocated to Seth?

a.$23,000

b.$0

c.$32,000

d.$20,000

Immediately prior to the admission of Allen, the Sanson-Jeremy Partnership assets had been adjusted to current market prices and the capital balances of Sanson and Jeremy were $80,000 and $120,000, respectively. If the parties agree that the business is worth $240,000, what is the amount of bonus that should be recognized in the accounts at the admission of Allen?

a.$40,000

b.$100,000

c.$80,000

d.$60,000