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dsp73
4 years ago
9

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 by a:_______.A) Corporation.B) Sole proprietorship.C) Partnership.D) None of the above.
Business
1 answer:
Sliva [168]4 years ago
7 0

Answer:

The correct answer is letter "C": Partnership.

Explanation:

A Partnership is an organization where two or more owners operate a business. They share the profits in proportion to their percentage partnership interest. There are two types of partnerships: <em>General Partnerships</em> (unlimited liability) and <em>Limited partnerships</em> (liability proportional to the percentage contribution of the partnership).

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You have decided to enter the candy business. You are considering producing two types of candies: Slugger candy and Easy Out can
lions [1.4K]

Answer:

$8000

Explanation:

Assume he uses sugar equally

For slugger candy must contain sugar and 20% nuts

5000*(30000*0.2)

=8000 ounces

For easy out candy  must contain sugar and 10% nuts and 10% chocolates

5000+(30000*0.1)+(30000*0.1)

=8000 ounces

Revenue= 8000*$0.6 +8000*$0.4

               $8000

4 0
3 years ago
How do you depreciate a building? ​
alexdok [17]

Answer:

depriciation..it is the process of deducting the total cost of something expensive you bought for your business

Explanation:

calculations...purchase price-salvage value=depricable cost

5 0
3 years ago
At Bayside Financial, where you work as a project manager, you have been asked to conduct user training sessions for a new infor
Otrada [13]

Answer:

The correct total time is nineteen (19) days instead of twenty-one days.

Explanation:

Given the analysis of time for the project in parenthesis, it is feasible to merge some of the activities together by carrying them out simultaneously.

For example:

In the course of arranging and confirming the training facility to use which will last for 3 days, the development of the training material that ought to last for 5 days is brought down to a 2 days work because the initial 3 days for arrangement becomes vacant pending the reply on the final day. This brings the total days from 8 to 5.

Other days remain thus:

• Send an e-mail message to all department managers (1 day)  

• Print copies of handout (2 days)

• Develop a set of PowerPoint slides (5 days)

• Conduct a practice training session with the instructor (2 days)

• Conduct the user training sessions (4 days).

Hence, total days are as follow:

5 +1 + 2 + 5 + 2 + 4 = 19 days.

5 0
3 years ago
Sylvia records the purchases of inventory in the current accounting period even though she will actually pay for the inventory i
Sergio [31]

The answer is: C.accrual basis of accounting

Accrual basis of accounting would record a certain transaction as soon as it happen, even though an exchange of payment has not been made. Compared to any other basis, accrued basis tend to the most likely to represent the actual financial condition of a company. This is why this basis is used as the current industry standard.

6 0
3 years ago
Which situation is ideal for an entrepreneur to buy an existing business?
hodyreva [135]

Downturn and exceeds. If the economy in a market down turns more busisinesses fail and come up for sale.

5 0
3 years ago
Read 2 more answers
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