Answer:
Correct option is A.
<u>Not partners, because Carmen does not have an ownership interest or management rights in Bowls Bistro.</u>
Explanation:
Because he has no managerial or ownership rights, That's why they are not partners in the given scenario.
Answer:
Amount of inventory = $28,800
Explanation:
Given:
Current ratio = 2.65
Acid test ratio = 2.01
Current liabilities = $45,000
Prepaid expenses = $0
Find:
Amount of inventory
Computation:
Current ratio = Current assets / Current liabilities
2.65 = Current assets / 45,000
Current assets = $119,250
Acid test ratio = [Current assets - Inventory - Prepaid expenses] / Current liabilities
2.01 = [119,250 - Inventory - 0] / 45,000
90,450 =119,250 - Inventory
Amount of inventory = $28,800
Answer:
The answer is C) 1.25
Explanation:
Operating Leverage= (operating income + fixed expenses) / operating income
Operating Leverage= ($7,200 + $1,800) / $7,200= 1.25
<span><span>1. </span>Discuss the following statement: "Corporations are not
really run by their owners." Corporations are run by everyone who works
for the corporation and without everyone working together, it will not run
smoothly and bring in revenue.
</span>
<span>
2. Why might an investor choose to become a partner in a limited partnership
instead of purchasing the stock of an open corporation? If an investor decided
to join in a limited partnership instead of purchasing the stock on an open
corporation they would have less to do with the business side as they would in
an open corporation. When an investor joins in a limited partnership they have
less management responsibility and little to no liability besides their initial
investment.
</span>
<span>
3. Is growth a good thing for all firms? How does management know when a firm
is ready to grow? Growth is not a good thing for all firms. Depending on what a
company is looking to achieve long term, the financial assets they have now to
achieve their growth and other goals are all subject to what the company is
able to do with the finances and staffing they have. When a corporation is
trying to decide whether or not they should grow, management will examine all
aspects of the company to make sure they align with the growth plan.
</span>
<span>
4. If you were to start a business, which ownership form would you choose? What
factors might affect your choice? If I were to start a business, I would
probably choose a limited liability company (LLC) as the ownership form and
structure. An LLC is where the members within the company are not held personally
liable for the company’s debts or liabilities. Think ownership form works well
if you were to join forces an open up a business with a friend or family member.
An LLC keeps the tax side of the business easier as allowing the individuals to
be self-proprietors. When considering factors that may change this decision
they would include: who I am going in business with, what I am in business for,
my end goals, current goals and current financial status. </span>
The factors are: Lack of experience, Economic depression, Inappropriate comments or behaviour in the interview, Poor use of English language,and low cognitive skills
In general, employers will hire an individual if they <em>believe </em> that the individual would provide more financial value compared to the amount of his/her salary. They would not necessarily higher you based on your academic performance because often times you would had to start learning everything related to the job again from the scratch.
