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cestrela7 [59]
2 years ago
12

You are headed off to college. Some close family members decide it would be a good idea to buy a house in the college town and t

hen rent it out to students, with you also living there and actively managing it. Assuming you and your family buy it, what form of business would you select? and why?
Business
1 answer:
jek_recluse [69]2 years ago
7 0

The ideal type of business would be the sole proprietorship, as it is a structure that is easy to start and manage.

<h3 /><h3>What is the sole proprietorship?</h3>

It is a simpler business structure, which is managed by an individual, who has the responsibilities for the business, that is, in this configuration there is no legal distinction between the company and the owner.

Therefore, the sole proprietorship is less bureaucratic, being able to close the business at any time, or change type as the business grows and requires greater responsibility.

Find out more about sole proprietorship here:

brainly.com/question/4442710

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Trey Morgan is an employee who is paid monthly. For the month of January of the current year, he earned a total of $4,538. The F
Valentin [98]

Answer:

$1,027.86

Explanation:

Total Taxes = Federal Income Tax + FICA-SS Tax + FICA-Medicare Tax

Total Taxes = $680.70 + ($4,538.00 × 0.062) + ($4,538.00 × 0.0145)

Total Taxes = $680.70 + $281.36 + $65.80

Total Taxes = $1,027.86

Therefore the total amount of taxes withheld from the Trey’s earnings is $1,027.86

5 0
3 years ago
Match the following functions with their descriptions.
drek231 [11]

Answer:

A. ERP

B. RFID

C. Barcodes

D. E-business

E. EDI

Explanation:

Here is the complete question :

Match the following functions with their descriptions.

(E-Business, EDI, Bar Codes, ERP, RFID)

A. It allows companies to organize and share information

B. It provides instantaneous tracking by containing identifying information

C. It provides complete visibility of product location

D. Provides access to global markets, suppliers and distribution channels

E. It enables exchange of documents in a standard format

Enterprise resource planning (ERP) is a software used to organise a business core processes

Electronic Data Interchange (EDI) is used to exchange business documents in a standardised format electronically

Types of EDI

  1. Direct EDI
  2. EDI via value added networks (VANs)
  3. Web EDI
  4. Mobile EDI

Advantages of EDI

  1. It increases business efficiency
  2. It reduces operating costs

Disadvantages of EDI

  1. Initial setup cost is usually quite high

Radio-frequency identification (RFID) is used to identify and track tags that are attached to items

Barcodes are used as a means of identification of a product. They can identify the country a product is manufactured.

Electronic business (E-business) has accelerated the rate of global integration. It has increased the access to global markets, suppliers and distribution channels.

6 0
3 years ago
Companies that spend more time and effort attracting, developing, and retaining the best people often report superior financial
drek231 [11]

Answer:

The statement is correct as well as true

Explanation:

Financial results or the performance, is the subjective measure or criteria of how well the business or the firm could use the assets from the initial mode of the business and create revenues.

In short, it is evaluated through earning or the loss which consequence from the financial affairs.

So, if the company is spending as well as retaining and developing the best people of their company, will often result in superior as well as healthy results, which means generate a good amount of revenue for the company by producing the goods.

6 0
3 years ago
The Village of Seaside Pines prepared the following enterprise fund Trial Balance as of December 31, 2020, the last day of its f
tigry1 [53]

The total net position for Village of Seaside Pines is $10000.

The closing entries for December 31st be:

Debit Charge for Sales and services $550000

Debit Transfer in from General Fund $115000

Debit Non operating revenues $4000

Credit Cost of sales and services $492000

Credit Depreciation expense $45000

Credit Administrative and selling expense $47000

Credit Non operating expense $40000

Credit Net position $45000

The Net Position section of the December 31 balance sheet will be prepared thus:

Capital asset acquired = $705000

Less: Accumulated depreciation = $45000

Less: Revenue bonds = $625000

Net investment in capital = $35000

Therefore, the total net position will be:

= $45000 - $35000

= $10000

Read related link on:

brainly.com/question/25221634

6 0
3 years ago
If an organization replaces its existing hardware infrastructure with hardware in the​ cloud, then installs its own erp software
Julli [10]

When installing its own ERP software and databases on the cloud hardware, it is most likely using the PaaS or also known as the Platform as a Service in which is a category that focuses on services in cloud computing that has benefits for customers as this allows them to manage their applications.

4 0
3 years ago
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