New Profit Sharing Ratios Quiz

New Profit Sharing Ratios Quiz

11th Grade

8 Qs

quiz-placeholder

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New Profit Sharing Ratios Quiz

New Profit Sharing Ratios Quiz

Assessment

Quiz

Other

11th Grade

Hard

Created by

Muhammad Javed

FREE Resource

8 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A, B, and C share profits in the ratio 4:3:2. If C retires and A and B decide to share C’s portion equally, what will be the new profit-sharing ratio?

5:4

6:5

7:5

8:6

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

10:5

8:4

9:4

11:5

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

7:4

6:5

8:5

9:6

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

X, Y, and Z share profits in a ratio of 6:4:2. If Z retires and X takes 60% of Z’s share while Y takes 40%, calculate the new profit-sharing ratio.

7:5

8:4

9:5

10:6

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

3:2

4:3

5:3

6:4

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In a partnership, the profit-sharing ratio is 3:2:1. If the partner with the smallest share retires and the remaining partners share the retiring partner's share equally, what is the new ratio?

4:3

5:3

3:2

7:5

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A partnership has a profit-sharing ratio of 5:3:2. If the partner with the middle share retires and the remaining partners agree to share the retiring partner's share in the ratio 2:1, what is the new profit-sharing ratio?

7:3

6:4

8:4

9:3

8.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In a business, partners share profits in the ratio 4:3:3. If the partner with the smallest share retires and the remaining partners decide to share the retiring partner's share equally, what is the new profit-sharing ratio?

5:4

6:5

7:5

8:6