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kolezko [41]
3 years ago
10

Jorge and Fred have a product they would like to sell. They decide to share the risks and profits by forming an unincorporated b

usiness. The business organization Jorge and Fred have MOST LIKELY formed is a(n)
Business
2 answers:
sukhopar [10]3 years ago
3 0
<span>The business organization Jorge and Fred have most likely formed is an Partnership. Because they share all profits and risks caused by an organisation. There is a major advantage in partnership where we can take decisions and plans together and strive towards the excellence of the organization. Even-though there is a debt problem we can share and solve the debts.Mutual Understanding is the main point in Partnership.</span>
STALIN [3.7K]3 years ago
3 0

The business organization Jorge and Fred have MOST LIKELY formed is a <u>"partnership".</u>


A partnership is a formal course of action in which at least two gatherings participate to oversee and work a business. Different association courses of action are conceivable in which all accomplices may share liabilities and benefits similarly or a few accomplices may have constrained risk. Few out of every odd accomplice is essentially engaged with the administration and everyday tasks of the endeavor, for example, on account of a "silent partner." In a few locales, organizations appreciate great expense treatment in respect to enterprises.

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Which of the following represents the correct order in which the indicated budget documents for a manufacturing company would be
Sonja [21]

Answer:

Explanation:

For representing the budgeted documents in the correct order, the following ordering should be required which is shown below:

1. Sales budget

2. Production budget

3. Direct materials budget

4. Direct labor budget

5. Selling and administrative expense budget

6. Cash budget,

7. The budgeted income statement,

8. Budgeted balance sheet

First, the company has to decide how much sale is to be done in a particular year after that company can decide the purchase amount, after that material, labor and other selling expenses are required.  

Then, the cash budget should be prepared which shows the cash inflow and cash outflow position of a business. At last, the Budgeted income statement and the Budgeted balance sheet should be prepared.

6 0
2 years ago
Goleman sorts leadership styles into six categories. In order for a leader to get results, different styles are used for differe
vagabundo [1.1K]

Answer:

The most appropriate leadership style is the Visionary Leadership style

Explanation:

To successfully implement the new system, The leader needs to get his team mates' buy-in by helping them see the impact of the change on the business and how the change impacts their jobs and also emphasize their role in making the change happen successfully

With this style the leader:  

1) is taking responsibility for facilitating the change and communicating how the change will happen.

2) Selling the vision by explaining and describing the vision and influencing his team.

3) Ensures the appropriate persons align the vision with their jobs and objectives.

7 0
3 years ago
A company paid $150,000, plus a 6% commission and $4,000 in closing costs for a property. The property included land appraised a
Oxana [17]

Answer:

Land $81,500; Land Improvements $32,600; Building $48,900

Explanation:

Calculation for What should be the allocation of this property's costs in the company's accounting records

First step is to calculate the total value

Total value= $87,500 + $35,000 + $52,500

Total value= $175,000

Second step

Land appraised = $87,500 ÷ $175,000

Land appraised= 0.50

Land improvement = $35,000 ÷ $175,000

Land improvement = 0.20

Building appraised = $52,500 ÷ $175,000

Building appraised = 0.30

Third step is to calculate the Total Amount

Total Amount= $150,000 + $150,000 × 0.06 + $4,000

Total Amount= $150,000 + $9,000 + $4,000

Total Amount= $163,000

Last step is to calculate the allocation of this property's costs in the company's accounting records

Land appraised = $163,000 × 50%

Land appraised = = $81,500

Land improvement = $163,000 × 20%

Land improvement= $32,600

Building appraised = $163,000 × 30%

Building appraised = $48,900

Therefore What should be the allocation of this property's costs in the company's accounting records is :

Land $81,500; Land Improvements $32,600; Building $48,900

4 0
3 years ago
brian buys a case of 12 bottled waters for 4.99 and a 12 pack of oreos for 5.99 for his volleyball team. there are a total of 12
RUDIKE [14]

Each player owe Brian 92 cents.

4.99+5.99 = 10.98

10.98/12 = .915 or approximately 92 cents

to check : .915 x 11 =  10.065 + .915 (brian's share) =  10.98

5 0
3 years ago
Grayson (single) is in the 24 percent tax rate bracket and has sold the following stocks in 2019: (Loss amounts should be indica
Anika [276]

Answer:

$8,940

Explanation:

For computing the amount of the gain first we have to need to do the following calculations

a. Net short term gain or loss is shown in the attachment

b. Net long term gain or loss is shown in the attachment

c. Net capital gain arise from these transactions are as follows

= Short term capital gain or loss + Long term capital gain or loss

= -$240 + $9180

= $8,940

d.The whole net capital gain of $8,940 will be taxable at a preferential rate.

7 0
3 years ago
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