Explain how allocating the profits evenly between the partners would work. Consider the fairness to each of the partners in your response.

Answer and Explanation:

Allocation of profit to partners is all dependent on partnership agreement also called partnership deed where sharing ratio as well as role and participation of partners are stated clearly. The sharing ratio states how profits or losses in the partnership is shared amongst partners. If there is ratio to share profit equally or higher and lower for certain partners, it is made and stated clear in partnership deed before business commences, this ensures there is fairness in partners' dealings and everyone gets his share according to agreement

answer; a large down payment,a longer term loan, would result in a lower monthly payment;