Which one of the following situations is most apt to create an agency conflict? a. compensating a manger based on his or her division's net incomeb. giving all employees a bonus if a certain level of efficiency is maintainedc. hiring an independent consultant to study the operating efficiency of the firmd. rejecting a profitable project to protect employee jobse. selling an underproducing segment of the firm

Tri fecta, a partnership, had revenues of $369,000 in its first year of operations. the partnership has not collected on $45,000 of its sales and still owes $39,500 on $155,000 of merchandise it purchased. there was no inventory on hand at the end of the year. the partnership paid $27,000 in salaries. the partners invested $48,000 in the business and $23,000 was borrowed on a five-year note. the partnership paid $2,070 in interest that was the amount owed for the year and paid $9,500 for a two-year insurance policy on the first day of business. compute net income for the first year for tri fecta.