The answer to this question is C, $5,790. Jeff will need $5,790.
Answer: Proposal Solicitation Step
Explanation: There are Eight (8) stages in organizational buying process, and they inculde:
1. Problem recognition
2. Need description
3. Product Specification
4. Supplier search
5. Proposal Solicitation
6. Supplier selection
7. Order
8. Performance review.
The Proposal solicitation step is were selected potential suppliers will be asked to submit a proposal which will include catalogs and other documents that will give them a better advantage than others for review by the selecting company.
Answer:
A)The student beneficiary will use the money to pay for high school expenses.
Explanation:
A Coverdell Education Savings Account can be used for elementary, secondary, or higher education expenses (college). The money can be used to pay for public, private, or religious schools. On the other hand, 529 plans can only be used to pay for higher education expenses (college).
The maximum contribution to a Coverdell Education Savings Account is $2,000 per year per child and the contribution is not tax deductible. But when the distributions are taken to pay for the child's qualified education expenses, then they are not taxed.
Answer: Partnership
Explanation: In simple words, partnership refers to an agreement between two or more independent parties to join their forces for achieving a common business goal with the ultimate objective of earning profit.
In the given case, Dan and Emily were sole proprietors and now they are joining their forces also the case states their new entity will not be a separate entity and both of the owners will be having unlimited debt.
Hence from the above we can conclude that this is a partnership business.