Tomas and Saturn are partners who share income in the ratio of 3:1. Their capital balances are $40,000 and $60,000, respectively. The partnership generated net income of $20,000. What is Saturn's capital balance after closing the revenue and expense accounts to the capital accounts

capital balance of Saturn:        65,000

Explanation:

Saturn participation in the net income:

1:3 >> 1 / 4 = 25%

capital balance of Saturn      60,000

net income : 20,000 x 25% =  5,000  

capital balance of                  65,000

We simply add up the percentage of participation in the win/losses to Saturn capital account

answer; ///(d); determining who competes most closely   with whom evaluating whether industry driving forces and competitive pressure favor some strategic groups and hurt others, and ascertaining whether the profit potential of different strategic groups varies due to the strengths and weaknesses in each groups respective market positions;

yes the correct answer was

b.the increased supply will create a surplus.