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GREYUIT [131]
3 years ago
11

Joel and Mike would like to start a new business selling a product new to the U.S., the Peraves Monotracer. Joel and Mike have d

one a considerable amount of research on this product, and think it would be successful in the U.S. However, they are still concerned about the risk of a new venture and both would like to avoid losing any personal assets. They should organize their firm as a:________.
Business
1 answer:
nadezda [96]3 years ago
8 0

<u>Full question:</u>

Joel and Mike would like to start a new business selling a product new to the U.S., the Peraves Monotracer. Joel and Mike have done a considerable amount of research on this product, and think it would be successful in the U.S. However, they are still concerned about the risk of a new venture and both would like to avoid losing any personal assets. They should organize their firm as a

Multiple Choice

corporation.

limited partnership.

general partnership.

sole proprietorship.

<u>Answer:</u>

They should organize their firm as a   corporation.

<u>Explanation:</u>

A corporation is a kind of business process that represents the business as a separate, legitimate entity managed by a group of directors identified as the board of directors.

An essential component of a corporation is confined liability, which indicates that shareholders may practice share in the profits by dividends and stock recognition but are not individually responsible for the company's shares. A corporation's purposes can be for-profit or not, as with donations. Still, the huge preponderance of corporations intends to afford a return for its shareholders.

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Classified ads in newspapers
ZanzabumX [31]

A.are a good source of referrals.

5 0
3 years ago
A company's chart of accounts is: a detailed list of the accounts that make up the five financial statement elements. the set of
polet [3.4K]

Answer:

A detailed list of the accounts that make up the five financial statement elements.

Explanation:

The company's chart of accounts is the listing of all the accounts that the company has included as part of the five financial statement elements during a specific period of time.

The five financial statement elements are: assets, liabilities, equity (part of the balance sheet), expenses and revenues (part of the income statement).

Examples of accounts that can be part of a firm's chart of accounts are: land (asset), cash (asset), notes payable (liabilities), outstanding stock (equity), operating expenses (expenses), and sales revenue (revenues).

The chart of accounts can differ greatly from company to company simply because companies engage in vastly different economic activities.

8 0
3 years ago
To reduce the level of pollution emitted by firms in an industry, the government could use a cap and trade policy or a carbon ta
bija089 [108]

Option D is true, the price of the good sold will rise under either policy and there will be a reduction in the level of production

Explanation:

Carbon-free is an effective way, even though the economy puts a monetary price above it and gives a value to the actual cost. Since the pollutant price is still in place, polluters are motivated to reduce pollution and to decide how far the gasses are produced.

In comparison, the restriction or cap on pollution can be published from industry by the cap-and-trade system. This limit is decreased in many cases after the pollution goal is met. If this is the case, the law requires polluters to buy the remaining quota from others with low emissions and generate more than the allotted quota.

Both methodologies will increase the cost of the good generated because it is distortionary. Production should however be decreased because of the control of pollution.

3 0
3 years ago
As you delelop your child care center, you should ensure that children are well taken care of, but are also
Goshia [24]

Answer:

exposed to an environment that entice their curiosity and learning.

The period of early development of a child is utmost important for the effective and sound development of a child's mind and this early development can affect the child through out his elder years.

because of this, when developing a child care center, as much as concerning about the physical safety of the child, the mental development and the learning abilities of the child must be considered too.

Explanation:

7 0
3 years ago
Besides the actual mortgage payment, which also factors into the monthly payment on a home?
uysha [10]

Answer:

C. property taxes

Explanation:

Along with the actual mortgage payment which the individual has to pay on a monthly basis to the lender, property taxes are the second monthly payment that are to be made alongside. However, it is a common practice for lenders to take a security deposit initially, and make these tax payments on behalf of the person who is taking the loan amount.

4 0
3 years ago
Read 2 more answers
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