Lesson 1-1 Review

Tomika owns 3/5 of a law partnership. What percent of the partnership does she own?

• 0.6%

• 6%

• 60%

Ryan owns three-eighths of a florist shop worth $76,000. What is the value of Ryan´s share of the business?

(a)  

A corporation issues 1,200,000 shares of stock at its beginning to shareholders. How many shares must a shareholder own to have a majority of the shares?

• half of the shares

• more than half of the shares

• less than half of the shares

Elisa owns 28% of the Grudman Corporation. The rest of the shares are owned equally by the remaining six shareholders. What percent of the corporation does each of the other shareholders own?

• 12%

• 28%

• 72%

Julie and Kristen are the partners in a local sporting goods shop. They needed $51,000 to start the business. They invested in the ratio 5:12, respectively. How much money did each invest?

• Julie invested $15,000.

• Kristen invested $15,000.

• Julie invested $36,000.

• Kristen invested $36,000.