=+Edwards: Ive noticed that your patient load has dropped over the last couple of months. When we

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=+Edwards: I’ve noticed that your patient load has dropped over the last couple of months. When we formed our partnership, we were seeing about the same number of patients per week. However, now our patient records show that you have been seeing about half as many patients as I have. Are there any issues that I should be aware of?

Hayes: There’s nothing going on. When I was working on my own, I was really putting in the hours. One of the reasons I formed this partnership was to enjoy life a little more and scale back a little bit.

Edwards: I see. Well, I find that I’m working as hard as I did when I was on my own, yet making less than I did previously. Essentially, you’re sharing in half of my billings and I’m sharing in half of yours. Since you are working much less than I am, I end up on the short end of the bargain.

Hayes: Well, I don’t know what to say. An agreement is an agreement. The partnership is based on a 50/50 split. That’s what a partnership is all about.

Edwards: If that’s so, then it applies equally well on the effort end of the equation as on the income end.

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Accounting

ISBN: 978-1111001346

23rd Edition

Authors: Carl S. Warren

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