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Evgen [1.6K]
3 years ago
14

Lois is selling her needlework shop to Simon. Simon is also purchasing the name of the business from Lois, all of the fixtures,

and the inventory. Lois is essentially handing over the entire business, from top to bottom, to Simon, who is planning continuing what she had started. What are the essential elements of this business opportunity sale? A Bill of Sale
A. A Bill of Sale
B. Financial Statements
C. Goodwill
D. Both A and B
Business
2 answers:
Phoenix [80]3 years ago
5 0

Answer:

The correct answer is letter "D": Both A and B.

Explanation:

A Bill of Sale is a financial document provided to an individual who is being transferred the title of proprietorship over certain assets that must be listed in the document. The Financial Statements of an organization are the results of a company's performance during a certain period that allow investors to determine how healthy the organization is and determines if the firm is meeting its objectives or not.

<em>As Lois is transferring her business to Simon including all the operations inherent, she must provide Simon a Bill of Sale for the transfer of the business assets and the Financial Statements so Simon can verify how Lois's organization performed during the last period.</em>

Ira Lisetskai [31]3 years ago
3 0

Answer:

D. Both A and B

That is bill of sale and financial statements.

Explanation:

Bill of sale is a document that is used to transfer ownership of goods and services to another person.

Financial statement shows activity and a business's financial position at a given point in time.

When selling the business to Simon, Lois will provide him the financial statements and bill of sale.

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A commission is a fee paid by a business to a seller in return for services in promoting, directing, or completing a sale. Fees may be based on a flat fee or (more commonly) based on a percentage of revenue generated.

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1 year ago
What is the definition of liability
ohaa [14]
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2 years ago
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The Upjohn Company first targeted men for its Rogaine topical solution, a drug to restore hair growth, but later marketed this p
gogolik [260]

Answer:

finding new users

Explanation:

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In the given case, the product which was initially targeted at men, providing solution to the problem of hair loss, was later marketed to women too. So in this case, the company basically specified i.e informed the customers that it is not specific to a particular gender as the problem is common to all and anybody who seeks remedy to the problem, can use the product.

Thereby, the company found new users in the form of women, to whom such products can be extended and sold.

6 0
2 years ago
Which theory suggests that workers with more education earn higher wages because the extra schooling has given them additional s
san4es73 [151]

Answer:

The human capital theory

Explanation

The human capital theory explores the relationship between investment in human capital and earnings.

Investment in human capital can take the form of education or training.

The theory suggest that those that invest in human capital earn higher income

The human capital theory also explores pattern of earnings. The theory suggests that the earnings of young people would be low as they would forgo earnings to invest in human capital . Earnings would increase as one gets older because old people invest less in education and training

7 0
3 years ago
Kelchner Corporation has provided the following contribution format income statement. Assume that the following information is w
Juliette [100K]

Answer:

The contribution margin ratio is closest to 40%

Explanation:

The contribution margin ratio calculates the percentage of sales that will contribute to cover fixed costs and earn a profit. The contribution margin is the difference between the selling price per unit and the variable cost per unit of a product. The contribution margin ratio is the contribution margin per unit represented as a percentage of selling price per unit or total contribution margin represented as a percentage of total sales revenue.

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