1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
ollegr [7]
3 years ago
5

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:
sergij07 [2.7K]3 years ago
6 0

Answer:

The correct answer is C

Explanation:

Partnership is the form of business which is followed by the Harry, Franklin, John and Henry, who decided to pool their resources in order to open a coffee shop.

Under the partnership, it is legal form of business where the operations of the business is carried out among two or more individuals who are ready to share the profits as well as management. Under this form, they are personally liable for the debt as well if the business undertakes any.

You might be interested in
Fund flows that occur within a quarterly reporting period are referred to as _______________ cash flows.
valentina_108 [34]

Answer:

The options are

A. Inter period

B. Intra period

C. Regular

D. Irregular

The answer is B. Intra period

Intra period cash flow is defined as the flow which occurred in a certain period of time. In the example above , the cash flow occurred within quarterly reporting period of time.

6 0
3 years ago
To promote accountability, which document outlines the method for coordinating response operations?
Kamila [148]

Answer:

Incident Action Plan

Explanation:

6 0
3 years ago
Support staff in the office of the president include who?
Alina [70]
In the question mentioned above, we are asked who are the support staff in the office of the president and this includes different people when different job description. These people are the following list enumerated below:
1. Administrators
2. The Cabinet Members
3. The reporters
4. The party leaders
7 0
3 years ago
Which best describes the role of financial planning?
4vir4ik [10]
<span>Which best describes the role of financial planning? Allow someone to have fewer economic obstacles. A financial plan is important to have because it allows someone to be best set up for the future. A financial plan allows you to predict your future cash flows, asset values and save for unfortunate events. Those who actively participate in financial planning tend to overcome the fewer economic obstacles thrown their way. </span>
7 0
3 years ago
Read 2 more answers
Is a treehouse considered "a house" if i was like 30-40 and wanted to buy a house and settle down do you think i could like stil
antiseptic1488 [7]
Technically you could live in a tree house if you wanted to. 
5 0
3 years ago
Other questions:
  • Jeff wishes to accumulate $5,000 in 5 years. Use the appropriate formula to find the sinking fund payment she would need to make
    8·1 answer
  • As a manager seeks to develop her leadership skills, she should be aware that:
    12·1 answer
  • Inventory records for Marvin Company revealed the following: Date Num of units unit cost Mar. 1 Beginning Inventory 1000 7.20 Ma
    12·1 answer
  • Select the correct answer.
    11·1 answer
  • If the demand and supply curves for product X are stable, a goverment mandated increase in the price of X will:_______
    5·1 answer
  • Sales and purchase-related transactions using perpetual inventory system The following were selected from among the transactions
    8·1 answer
  • A truck was purchased for $180,000 and it was estimated to have a $36,000 salvage value at the end of its useful life. Monthly d
    6·1 answer
  • Novak Corp. developed the following information about its inventories in applying the lower-of-cost-or-net-realizable-value(LCNR
    10·1 answer
  • According to the eTextbook, in the world of sustainability, the triple bottom line refers to an organization that makes decision
    10·1 answer
  • The introduction into your real estate market of many hud and va foreclosed properties will probably cause the value of similar
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!