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Naya [18.7K]
3 years ago
15

Choose an example of a company you could start, and decide which business structure would make the most sense for that type of c

ompany (sole proprietorship, partnership, LLC, C corporation, S corporation, or nonprofit corporation). Explain why this structure would be good for this type of company. Give at least 3 reasons. (3-6 sentences. 6.0 points)
Business
1 answer:
Feliz [49]3 years ago
5 0
An example of a company that I could start is an online curio shop. The business structure that would make the most sense is an S corporation. This is because the S corporation provides protection from personal liability and is not complicated as I can report the profit and loss on my individual tax returns.
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The maturity models presented in this chapter all demonstrate that: a. Project management maturity is an ongoing process based o
Lostsunrise [7]

Answer:

a. Project management maturity is an ongoing process based on continuous improvement.

Explanation:

Maturity models are a prospering approach to improving a company's processes and business process management capabilities. It measures the ability of an organization for continuous improvement in a particular discipline.

Project management maturity models are used to: compare practices against an industry standard, define a systematic route for improving project management practices and evaluate current project management practices.

From the above, we can conclude that the maturity models presented in this chapter all demonstrate that Project management maturity is an ongoing process based on continuous improvement.

6 0
3 years ago
Read 2 more answers
A market system tends to restrict business risk to owners and investors. This results in which of the following benefits?
In-s [12.5K]

Answer: d)Firms have to pay more to attract inputs, as these inputs have to share the risk.

Explanation: When the market system tries to put restriction on the business risk to owner and other investors , the firms have to give more payment to attract them to market business.

The chances of risk have have to be shared by both the parties so the owners or investors are going to indulge in the business when they gain some benefit e.g.-more payment.

Other options are incorrect because entrepreneurship will not be encouraged through this process. Incomes will not be distributed equally and neither the prudent risk management will be aimed.Thus, the correct option is option(d).

7 0
2 years ago
Early in the current year, Tokay Co. purchased the Silverton Mine at a cost of $21,220,000. The mine was estimated to contain 21
algol [13]

Answer:

=$5,230,000

Explanation:

Annual Depreciation=Depreciable Value×Units produced during the year estimated total production

The units of the depreciation method start by calculating the depreciable amount.

Depreciable  amount = Assets cost - salvage value

=$21,220,000.-$4,000,000

=$17,220,000

depreciation expense per unit=  depreciable amount/production capacity

=$17,220,000/210,000 per tone

=$82 per tone

During the year, 195,000 were extracted.

The depreciation value for the year will be

= 82 x 195,000

=$15,990,000

book value will be asset cost minus depreciation expense

=$21,220,000 -$15,990,000

=$5,230,000

.

4 0
2 years ago
Portia Grant is an employee who is paid monthly. For the month of January of the current year, she earned a total of 8,588. The
FromTheMoon [43]

Answer: e) $6,506.04

Explanation:

Employees do not pay FUTA or SUTA. Employers pay those.

Ms. Grant's net pay for the month therefore is;

= Gross earnings - FICA Social Security - FICA Medicare - Federal Income tax withheld

= 8,588 - (6.2% * 8,588) - ( 1.45% * 8,588) - 1,424.97

= 8,588 - ‭532.46 - ‭124.53 - 1,424.97

= $6,506.04‬

3 0
2 years ago
The Silver Center (TSC) produces cups and platters. TSC purchases silver and other metals that are processed into silver alloy t
hoa [83]

The total amount of joint cost is $32,800

Explanation:

Cost to be allocated ÷ Allocation base = Allocation rate

($40,000 + $44,000) ÷ (4,000 platters + 1,000 cups)

                               = $16.80 per unit

Allocation rate x Weight of the base = amount to allocate

$16.80 x 4,000 units = $67,200 to platters

$16.80 x 1,000 units = $16,800 to cups

                                                            Platters         Cups

Sales                                                  $ 100,000     $12,000

Allocated joint cost                             (67,200)      (16,800)

Further processing cost                          0              (2,000)

Income                                                $32,800      $(6,800)

8 0
3 years ago
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