Three Ladies Form a Partnership

question 54

Essay

Three ladies form a partnership. They contribute the same amount of capital and they have agreed to share equally on the profits. If a loss occurs, need they share equally on the loss? If they each put in roughly the same amount of time, can their salaries be different? Explain your answer in both cases.

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A measure of the time an individual or object has existed, typically expressed in years.

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A developmental period in childhood, often associated with the transition from early childhood to middle childhood, involving significant cognitive, emotional, and social changes.