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IgorC [24]
3 years ago
7

Bob and Rob have started a food delivery business together called Grub Galore in their college town. They have not incorporated

their business and they run it from​ Bob's basement and garage. Grub Galore is an example of which form of business​ ownership?
Business
1 answer:
Neko [114]3 years ago
5 0

Answer:

Partnership Business

Explanation:

Partnership business is a business enterprise owned, managed and financed by a minimum of two individuals for the purpose of making profit.

Grub Galore is owned by Bob and Rob which makes it a partnership business.

Advantages

1) Profit is shared by partners only.

2) It is financed by more than one person which makes capital more available.

3) Decision making is faster company to limited liability companies

Disadvantages

1) Loss is shared among partners only.

2) Death of one partner might lead to the end of the business.

3) Disagreement between partners might end the business.

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The process of determining the present value of future cash flows in order to know their worth today is referred to as:______.
RoseWind [281]

Calculating the present value of a cash flow or series of cash flows that will be received in the future is the process of discounting.

A value obtained in the future is converted to an equivalent value received right away through the process of discounting. Discounting determines this relative value, so a dollar received in 50 years may be worth less than a dollar received today. Using the aforementioned method, the discounting process assists an investor in estimating the investment's value in current dollars at the investor's desired rate of return. Due to the opportunity cost of spending money now and the desire to enjoy advantages now rather than in the future, discounting makes current costs and benefits more valuable than those that will occur in the future. A discount factor in financial modeling is a decimal number multiplied by a cash flow value to reduce it to its present value. As the effect of compounding the discount rate accumulates over time, the factor grows (i.e., the decimal value shrinks).

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3 0
1 year ago
If the company also has $1,000 of petty cash on hand (recorded in a separate account), what total amount should the company repo
vredina [299]

Answer:

Explanation: from the above question, the total of cash and cash equivalent to be recorded in the balance sheet includes all cash balances in the bank and cash balance in the petty cash account.

From the above question, the cash and cash equivalent balance as at April 30 is $1,000 plus all bank balances as at that date.

4 0
3 years ago
Which of the following is a disadvantage of being a private limited company?
inysia [295]
The most likely answer here is B
6 0
3 years ago
A bank reconciliation revealed cash per the bank statement of $1,484, cash per company records of $1,681, bank charges of $11, d
kotegsom [21]

Answer:

Correct cash balance is $  1,580

Explanation:

Balance as per cash book                                                    $ 1,681

Less: Bank charges                                                               $ (    11)  

Less: NSF cheques                                                                <u>$ (   90)</u>

Adjusted balance per cash book                                         <u> $ 1,580</u>

Balance per bank statement                                                  $ 1,484

Add: Deposits in transit                                                          $    317

Less; Outstanding checks                                                      <u>$ (  221)</u>

Adjusted balance per bank statement                                <u>$ 1,580</u>

4 0
3 years ago
What's the difference between current balance and available balance?
pickupchik [31]
Your current balance<span> is the amount of money in your account at the beginning of a business day. This amount does not include any pending deposits or withdrawals. Your </span>available balance<span> is your </span>current balance<span> minus any pending debit card purchases, automatic drafts, processing checks or other debits from your account</span>
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3 years ago
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