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Marcus is to receive 30% of the profits from partnership Cowboy Boots, before taking into account any quaranteed payments, but not less than $15,000. If
Marcus is to receive 30% of the profits from partnership Cowboy Boots, before taking into account any quaranteed payments, but not less than $15,000. If the partnership's income is $30,000 before taking into account guaranteed payments, how much does Marcus receive as a quaranteed payment? A. $0, B. $9,000. C. $15,000. D. $24,000
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