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levacccp [35]
2 years ago
5

Write an e-mail to a client describing situations in which the partnership entity form might be more advantageous (or disadvanta

geous) than operating as a C corporation. Use subheadings and bullet points to highlight your major thoughts.
Business
1 answer:
murzikaleks [220]2 years ago
5 0

<u>Explanation:</u>

Structure and Formation of Corporation and Partnership:

  • Corporation is a independent legal entity whereas partnership in which two or more partners share ownership.
  • The formation of partnership entity requires fulfillment of lesser formalities than corporation.

Powers:

  • A partnership entity can do anything which the partners agree to do and there is no limit to the activities.
  • The powers of the shareholders are limited unlike the partnership entity.

Management:

  • Every member of a partnership entity may take part in the management.
  • Shareholders are not involved but managers run the company.
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Accounts receivable from sales to customers amounted to $40,000 and $32,000 at the beginning and end of the year, respectively.
natima [27]

Answer:

a. $118,000

Explanation:

When preparing a cash flow statement, using indirect method we add decrease in current assets and we deduct increase in current assets.

Here it is provided that income reported = $110,000

Opening balance of accounts receivables = $40,000

Closing balance of accounts Receivables = $32,000

Change in Accounts receivables = Closing - Opening = $32,000 - $40,000 = - $8,000

Therefore there is decrease in accounts receivables which is a current asset.

Thus Cash Flow from operating activities

Net Income = $110,000

Add: Decrease in current assets = $8,000

Net cash flow from operating activity = $118,000

Correct option is

a. $118,000

6 0
3 years ago
After getting a raise at work, Jennie now regularly buys steak instead of hamburger. Based on this behavior, we can assume: Mult
Sauron [17]

Answer:

Steak is a normal good, and hamburger is an inferior good for Jennie

Explanation:

Based on this behavior, we can assume steak is a normal good, and hamburger is an inferior good for Jennie. That is because a normal good is any good who's demand increases when there is a rise in the consumers' income, while an inferior good sees decreased demand due to a rise in income. Therefore, since Jenna buys more (increased demand) steak and less (decreased demand) hamburger due to her increased income this means that steak is a normal good, and hamburger is an inferior good for Jennie

7 0
2 years ago
A description of what the company is capable of becoming is referred to as A. strategic mission. B. strategic flexibility. C. st
bulgar [2K]

Answer:

C.  strategic vision.

Explanation:

Strategic vision -

It provides the overview about the success or failure in the coming future , is referred to as strategic vision.

This helps to forecast the future , goals and th upcoming projects of the company or organisation .

The strategic can be short as well as long term , depending on the time period of the project .

Hence , from the given information of the question,

The correct option is C. strategic vision .

4 0
3 years ago
Legal capital is best defined as
Vanyuwa [196]

Answer:

b. the par value of all capital stock issued.

Explanation:

As per the business format, capital of a company is the value of share capital.

Now, also legal capital means the share capital issued as this reflects the legal share of individual investors in the company.

Authorized capital is the value of maximum capital that can be issued by the company in the form of equity shares.

Issued capital is that part of authorized capital that is actually issued.

And therefore, the par value that is the face value of shares issued, that is equity issued is the legal capital of the company.

7 0
3 years ago
(100 POINTS AND BEAINLYESt)<br> (Question 2 Only)
SpyIntel [72]

Answer:

D

Explanation:

Humans are always looking for things to help improve their daily lives, seeing advertisements showcase new items for them and get them to buy their stuff.

3 0
3 years ago
Read 2 more answers
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