Question: can you tell me what i did wrong there please. Ben Conway, Ida Chan, and Clair Scott formed CCS Consulting this year by making capital
can you tell me what i did wrong there please. Ben Conway, Ida Chan, and Clair Scott formed CCS Consulting this year by making capital contributions of $ $ and $ respectively. They anticipate annual profit of $ and are considering the following alternative plans of sharing profits and losses: a Equally; b In the ratio of their initial investments; or c Salary allowances of $ to Conway, $ to Chan, and $ to Scott and interest allowances of on initial investments, with any remaining balance shared equally. Required : Use the schedule to show how a profit of $ would be distributed under each of the alternative plans being considered. Enter all amounts as positive values.
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