All categories

4 years ago

1. Discuss the following statement: "Corporations are not really run by their owners."

1 answer:

3 0

1. 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.
 
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.
 
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.
 

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.

You might be interested in

David used part of $100,000 to purchase a house. Of the remaining portion, he invested 1 3 of it at 4 percent simple annual inte

VikaD [51]

Answer:

The purchase price of the house is $94,000

Explanation:

Let the amount invested by David be b, then the amount used to purchase the house would be 100,000 - b

If he invested 1/3 of it at 4 percent simple annual interest and 2/3 of it at 6 percent simple annual interest. If after a year the income from the two investments totaled $320

Then,

$\frac{1}{3}b × 4% + \frac{2}{3}b × 6% = 320$

$\frac{b}{3} × \frac{4}{100} + \frac{2b}{3} × \frac{6}{100} = 320$

$\frac{4b}{300} + \frac{12b}{300} = 320$

$\frac{16b}{300} = 320$

16b = 320 × 300

b = 320 × 300/16

b = 6,000

Therefore, the cost of the house (100,000 - b)

= 100,000 - 6,000

= $94,000

4 0

4 years ago

What is an example of the kinds of choices that person might have to make because of scarcity?

Nostrana [21]

Answer: Sharing food their homes giving out water and helping the sick as best as they can.

Explanation:

6 0

3 years ago

Tony decides to hold the company’s first adventure race on December 15. Four-person teams will race from checkpoint to checkpoin

coldgirl [10]

Answer:

Dr. Cash $2,200

Cr. Unearned revenue $2,200

Explanation:

As the entry fee for the the racing event is received in advance. The event is on December 15 and the entry fee is received earlier to decide the participants of the race. This receipt is not considered as the revenue income until the event held and race is over. The unearned revenue is considered as the liability and recorded in unearned revenue account as action from the tony side is due. as Tony completes action which is the racing event, the revenue will be recorded.

7 0

3 years ago

The upward-sloping portion of the long-run average cost curve is a result of:.

iogann1982 [59]

Answer:

average cost is increasing

Explanation:

7 0

2 years ago

What is a recent trend relating to sustainability worldwide?

kykrilka [37]

Answer:

reduction of energy consumption

Explanation:

6 0

2 years ago