The Ace and Deuce partnership has been created to operate a law firm. The partners are attempting to devise a fair
system to allocate profits and losses. Ace plans to work more billable hours each year than Deuce. However, Deuce has more experience and can charge a higher hourly rate. Ace expects to invest more money in the business than Deuce.
Ace and Deuce partnership firm
Net income for the year
Number of billable houre of each partner
Total Bill ( billable…