1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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.
You might be interested in
Check My Work Dressed to a Tee received a promissory note of $8,000 for 10 months at 6% simple interest from one of its customer
nikklg [1K]

Answer:

$8,120

Explanation:

<em>To calculate the proceeds, the gross proceed  less the discount charged by the bank. The gross proceed is the total amount that would have been received should the note is held to maturity.</em>

Gross proceed= P + (P×R×T)

P- 8,000 R- 6%, T- 10/12

Gross proceed = (8,000 + 8,000× 6%× 10/12)

                         = $8,400

Discount charges = Gross proceed × discount rate × time to maturity

Time to maturity = 10 - 5 = 5 months

Discount rate - 8%, Time- 5/12

Discount charges =  8400× 5/12× 8% = $280

Proceeds to be received = $8,400 - $280

                 = $8,120

5 0
3 years ago
Best font for a business document
docker41 [41]

Answer:

wats this question for bro

Explanation:

6 0
3 years ago
Read 2 more answers
When someone owns an asset (such as a share of stock) that rises in value, he has an "accrued" capital gain. If he sells the ass
puteri [66]

Answer:

Please check the answer below

Explanation:

a. One issue is the "locking-in" of assets. If I hold shares of Corporation X, then I can delay paying taxes as long as I don't sell. Effectively, I get to keep all of the interest/dividend payments on my tax liability. However, if I discover that X is really a poor investment and Corporation Y is better, then selling X and buying Y means that I have to pay taxes. This might discourage me from making a switch to a more profitable/efficient investment decision. This is the "locking-in" effect.

b. A short-run cut might cause many people to sell stocks that they had felt "locked-in" with. The penalty for switching is smaller, so more people will do it -- resulting in a great deal of cap gains tax revenue collected.

c. Taxing realized gains, even when the stock is not sold, rather than just accrued gains would eliminate this locking-in effect. Investors would not be penalized for switching to a better investment, and long-term capital gains revenue (as well as efficiency) would rise.

6 0
3 years ago
Wombles corporation is contemplating purchasing equipment that would increase sales revenues by $478,000 per year and cash opera
Katarina [22]
The simple rate of return on the investment is closest

19.9%
4 0
3 years ago
Gerard Company reported sales of $300,000 for 201 0; $330,000 for 2011; and $360,000 for 2012. If the company uses 2010 as the b
nevsk [136]

Answer:

%variation 2011= 10%

%variation 2012= 20%

Explanation:

Giving the following information:

Gerard Company reported sales of $300,000 for 2010; $330,000 for 2011; and $360,000 for 2012.

The percentual variation is calculated by the following formula:

%variation(2010 year base)= [(sales 1 - sales 0)/sales 0]*100

%variation 2011= [(330,000 - 300,000)/300,000]*100= 10%

%variation 2012= [(360,000 - 300,000)/300,000]*100= 20%

5 0
3 years ago
Other questions:
  • Zolezzi Inc. is preparing its cash budget for March. The budgeted beginning cash balance is $26,000. Budgeted cash receipts tota
    5·2 answers
  • The part of staffing that involves seeking out and attracting qualified potential job
    12·1 answer
  • Last year Madd Hatter, Inc. bought baseball caps for $3 each and sold them for $9. This year, the company’s supplier is charging
    12·1 answer
  • Alex is at the hardware store comparing different types of piping for a repair in his home kitchen. He can choose between copper
    6·2 answers
  • Lancencus, a software company, plans to double its workforce in the next 10 years. To achieve this goal, the human resources man
    9·1 answer
  • Business behavior is derived in large part from the basic cultural environment in which the business operates and, as such, is s
    6·1 answer
  • A company's flexible budget for 44,000 units of production showed variable overhead costs of $57,200 and fixed overhead costs of
    11·1 answer
  • JL.62 Durabright wants to establish kanbans to feed a newly installed work cell for its line of LED traffic signal lamps. The da
    6·1 answer
  • The Weimer Corporation wants to accumulate a sum of money to repay certain debts due on December 31, 2030. Weimer will make annu
    11·1 answer
  • Marcy and Liz developed a new jewelry design. They were fortunate to get the attention of a large online retailer who was willin
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!