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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.

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Cost behavior refers to the methods used to estimate costs for use in managerial decision making. True False
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Answer:

True

Explanation:

It's A.A because it makes more sense then b Falsehood

8 0
2 years ago
Brittany, who is single, cares for her father Raymond. Brittany pays the bills relating to Raymond's home. She also buys groceri
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Answer:

Taxable Income = $29,100

Explanation:

Itemized Deductions=$3000

Standard Deduction for head of household=$8500

Personal and dependency exemptions=2*3700=$7400

Taxable income=45000-7400-8500=$29,100

5 0
3 years ago
Trendz Inc. is a leading brand of fashion clothing and accessories based in Houston. After gaining a strong foothold in the U.S.
lyudmila [28]

Answer:

The correct answer is the option D: product differentiation strategy.

Explanation:

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7 0
3 years ago
You need a 30-year, fixed-rate mortgage to buy a new home for $245,000. Your mortgage bank will lend you the money at an APR of
ivanzaharov [21]

Answer:

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Explanation:

LOL

6 0
2 years ago
Assume that you are the president of Highlight Construction Company. At the end of the first year (December 31, 2014) of operati
yaroslaw [1]

Answer:

   The answer is given below;                                                                      

Explanation:

   Highlight Construction Company  

   Summarized Income Statement

   For the year December 31, 2014

                                                                     Amount in $

Sales Revenue                                        117,000

Expenses                                                  (86,200)

Net Income before taxes                          30,800

Income Tax Expense (30,800*30%)          (9,240)

Net Income                                                  <u>21,560</u>

As per requirement of the question, only summarized income statement is prepared.

                                                                                                                                                         

5 0
3 years ago
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