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lions [1.4K]
3 years ago
15

Franklin, John, Henry, and Harry have decided to pool their financial resources and business skills in order to open up and run

a coffee shop. They will share any profits or losses that the business generates and will be personally responsible for making good on any debt that their business undertakes.
Their business should be classified as a
Business
1 answer:
Finger [1]3 years ago
7 0

Answer:

Their business should be classified as a  Partnership.

Explanation:

The three major types of businesses are Sole Proprietorship, Partnership & Corporation. Sole Proprietorship has only one member and corporations have shared ownership and big in size. Partnerships are businesses in which a small number of people decide to pool in and start a business and are personally liable for any business debts. In this case the coffee shop opened by Franklin, John, Henry, and Harry would be classified as a Partnership.

Partnerships have a limited life and it will dissolve if any of Franklin, John, Henry, and Harry decide to leave the partnership unless stated otherwise in the charter of the partnership.

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marshall27 [118]
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Use the average cost per unit of $18.00 and multiply it by 3,000.
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$54,000 
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5 0
3 years ago
An approach that recognizes that, with every interaction, customers learn something about a company that will affect their desir
Allushta [10]

Answer: Customer experience management.

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3 years ago
Bob has a $50,000 stock portfolio with a beta of 1.2, an expected return of 10.8%, and a standard deviation of 25%. Becky also h
4vir4ik [10]

Answer:

Combined Beta =  1

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Explanation:

given data

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to find out

combination

solution

we get here first Combined Beta that is express as

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Combined Beta =  1

and

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5 0
3 years ago
t is often costly to obtain the information necessary to make good decisions. yet your own interests can be best served by ratio
goldenfox [79]

Answer:

The answer is below

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5 0
3 years ago
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