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Erin Carson, Megyn Delaney, and Caitlin Erikson form a partnership as a first step in creating a business.Carson invests most of the capital but does

Erin Carson, Megyn Delaney, and Caitlin Erikson form a partnership as a first step in creating a business.Carson invests most of the capital but does not plan to be actively involved in the day-to-day operations.Delaney has had some experience and is expected to do a majority of the daily work.Erikson has been in this business for some time and has many connections.Therefore, she will devote a majority of her time to getting new clients.Required:Describe at least one way in which the profits of the partnership can be allocated each year in order to be fair to all parties.

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