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This assignment provides an opportunity to apply your knowledge of partnership types, including differences in the handiling of capital accounts. You will apply your knowledge
This assignment provides an opportunity to apply your knowledge of partnership types, including differences in the handiling of capital accounts. You will apply your knowledge to a case study to discover the advantages and disadvantages of each partnership type, as well as their operational and ethical implications Scenario Debra and Lori operate a nail salon business as partners who share profits and losses equally. The success of their business has exceeded their expectations, and the nail salon is operating at a profitable level The partners have quite different approaches to operating the business, however. Lori is anxious to maximize profits, so she schedules appointments from 8.00AM to 6:00 PM dally. She even sacrifices some lunch hours to accommodate regular customers. Debra, by contrast. schedules her appointments from 9:00 AM to 5:00 PM and takes long lunch hours. Debra regularty makes significantly larger withdrawals of cash than Lori does. She tells Lori not to worry, however. I never make a withdrawal without letting you know, so it is properly recorded in my drawing account and charged against my capital at the end of the year." To date, Debra's withdrawals are twice as much as Lori's withdrawals Imagine that you are an accountant who has been hired by the nail salon owners to provide recommendations regarding their partnership. ethical considerations, and financial reporting. You will provide your findings to the clients in a PowerPoint presentation that you complete in the Week 8 Assignment - Partnership Dilemma template provided Instructions Download the template. Week 8 Assignment - Partnership Dilemma. Complete the following in your presentation: Explain 4 factors from the scenario that contribute to the partnership dilemma. Include all details needed to show both partners" obligations to the Dartnershib anl the nafure of tho dilommo thn nam ... c
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