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Bess [88]
3 years ago
7

Mandy has perfected the art of glass-blowing. She has made gifts for her friends for years and has always gotten rave reviews. S

he decided to make a business out of her craft. She plans to run the business out of her home so she can be there to raise her children and still participate in all of their activities. Mandy is not interested in growing a large business; she just wants to make extra income. Mandy is best described as a(n) ________.
Business
1 answer:
OLEGan [10]3 years ago
8 0

Answer: Micropreneur

Explanation: In simple words, micropreneur refers to an individual who is willing to start a business at a very small level. Usually these individuals pursue their hobbies as their business so that they can gain some profit while living a balanced life style.

In the given case, Mandy is willing to start a business out of an art she is perfect in. Also she is going to start it at a very small level o that she can take care of her children at the same time.

Hence from the above we can conclude that Mandy is a micropreneur.

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1. Discuss the following statement: "Corporations are not really run by their owners."
sergij07 [2.7K]
<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.
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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.
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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.
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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>
3 0
3 years ago
Pierce Company sold to Stanton Company merchandise on account FOB shipping point, 2/10, net 30, for $20,000. Pierce prepaid the
polet [3.4K]

Answer:

D. Accounts ReceivableStanton, debit $20,000; Sales, credit $20,000, and Delivery Expense, debit $500; Cash, credit $500

Explanation:

The Sale transaction must be ;

Trade Receivable -  Stanton Company  $20,000 (debit)

Revenue $20,000 (credit)

<em>Recognise the Revenue and Asset -  Stanton Company</em>

Shipping Cost  $500 (debit)

Bank $500  (credit)

<em>Recognise the shipping cost and de-recognise the cash asset</em>

3 0
3 years ago
There were a total of 90 people in the households, 10 of the people were children under 16, 10 of the people were retired but st
Vlad1618 [11]

Answer:

The unemployment rate is 42.85.

Explanation:

The formula to calculate the unemployment rate is:

Unemployment Rate = (Unemployed People / Total Labor) x 100 -- (1)

where total labor is the sum of the unemployed people and employed people.

Unemployed People = 10 Retired persons + 5 stay-at home parents + 10 persons with no job + 5 persons who wanted job

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Putting the values in equation 1,

Unemployment Rate = ( 30/ 70) x 100

Unemployment Rate = 42.85

7 0
3 years ago
Mauve company permits employees to occasionally use the copying machine for personal purposes. the copying machine is located in
serg [7]
That means they arnt paying you a lot or there not making more that there selling
6 0
3 years ago
Cassandra's Boutique has 2,100 shares outstanding at a market price per share of $26. Sally's has 3,000 shares outstanding at a
Schach [20]

Answer:

E. $60,500

Explanation:

The value of Cassandra's Boutique to Sally's = Cash paid for the acquisition + Incremental cost = $58,000 + $2,500 =  $60,500

Therefore, the value of Cassandra's Boutique to Sally's is $60,500.

7 0
3 years ago
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