Partnership Case Study:

Dexter and Jake are brothers who manage "Beauty Cosmetic Clinic\" as partners who share prots and losses equally. The clinic is performing profitably as the success of their business exceeded their expectations. Dexter is keen on boosting profits, and schedules appointments from 8am. to 6p.m. daily, at the expense of sacricing some lunch hours to accommodate regular patients. Contrarily, Jake schedules his appointments from 9am. to 5p.m. and takes long lunch hours. Jake frequently makes significantly larger withdrawals of cash than Dexter does, but he assures him, "Dexter, don't worry. I never make withdrawals without your knowledge. It is properly recorded in my drawing account.\" Jake's withdrawals to date are double compared with Dexter