Zeno, zella, and zorro wish to form a partnership. zeno is putting up 60% of the capital; zella is putting up 40%, and zorro is putting in no capital but will manage the business. in the absence of a provision in the partnership agreement, how will the liability and profits be distributed? according to the input of capital according to the amount of work each does in the business equally according to the laws of the state where the partnership is formed

Asmall town wants to build some new recreational facilities. the proposed facilities include a swimming pool, recreation center, basketball court and baseball field. the town council wants to provide the facilities which will be used by the most people, but they face budget and land limitations. the town has $400,000 and 14 acres of land. the pool requires locker facilities which would be in the recreation center, so if the swimming pool is built the recreation center must also be built. also, the council has only enough flat land to build the basketball court or the baseball field. the daily usage and cost of the facilities (in $1,000) are shown below. which facilities should they build? facilityusagecost ($1,000)landswimming pool4001002recreation center5002003basketball court3001504baseball field2001005