All categories

3 years ago

Which of the following is an advantage of the corporate form of business when compared to sole proprietorships and partnerships?

Business

1 answer:

Rudiy273 years ago

5 0

Answer:

D. Limited Partnership

Explanation:

Sole proprietorship is business owned , run & managed by single owner. Partnership is a business owned , run & managed by small group of people - deciding to share its profits .

Entrepreneurs in these have Unlimited Liability on personal assets, in case business assets are insufficient to settle business liabilities .

Corporation is a separate legal entity, distinct from its huge group of owners , guided by a board of directors. In case of any claim / sue case : it is against corporate entity & not the people, so they don't have any unlimited liability risk on personal assets to fulfil company's claims .

You might be interested in

In PowerPoint, where do you enter data for a chart?

sammy [17]

The answer is b. In a table that is provided

8 0

3 years ago

Read 2 more answers

Which piece of information would you find on an income statement?

Tatiana [17]

The answer is cost of goods sold... brainliest plz

3 0

3 years ago

what budgeting review for the next fiscal year occurs while one FY budget is being executed and the next fiscal year is being en

guajiro [1.7K]

Planning, Programming, Budgeting and Execution (PPBE) is the budgeting review for the next fiscal year occurs while one FY budget is being executed and the next fiscal year is being enacted.

<h3> <u>What is a budget?</u></h3>

A budget is an estimate of income and expenditures for a given future period of time, and it is often created and updated on a regular basis.
A individual, a group of people, a corporation, a government, or pretty much anything else that makes and spends money can all have budgets.
Budgeting is essential if you want to control your monthly spending, be ready for life's unforeseen events, and be able to buy expensive products without falling into debt.

It doesn't have to be tedious, you don't have to be brilliant at arithmetic, and keeping track of your income and expenses doesn't mean you can't buy the items you want. Simply put, it means you'll be more in charge of your finances and know where your money is going.

Know more about budget with the help of the given link:

brainly.com/question/15683430

#SPJ4

7 0

1 year ago

The _____________ define(s) what the system does.

labwork [276]

1.A.The mission of the System
2.C.Losses
3.B.Operational Characteristics

6 0

2 years ago

Blaney Clothing Store had a balance in the Accounts Receivable account of $437,500 at the beginning of the year and a balance of

Alexandra [31]

Answer:

Average Collection Period = 57.03

Explanation:

given data

Accounts Receivable beginning = $437,500

Accounts Receivable ending = $500,000

Net credit sales = $3,000,000

to find out

average collection period

solution

we get here first average account receivable that is express as

average account receivable = $\frac{437,500+500,000}{2}$

average account receivable = $468750

and we consider No of Days in a year is = 365

so Average Collection Period will be

Average Collection Period = $\frac{468750}{3000000}$ × 365

Average Collection Period = 57.03

7 0

2 years ago