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
slavikrds [6]
3 years ago
12

Maurice has been operating his business as a sole proprietorship but decides that it is too much work for him to do alone. He do

es not want to file a lot of government forms, but would like to bring in someone to own and operate it with him. Maurice needs a ________.
Business
1 answer:
olganol [36]3 years ago
4 0

Answer:

partnership.

Explanation:

The main advantages of a partnership are:

  • it is very easy and simple to form
  • it is not taxed directly, it passes through taxes to its owners (similar to a sloe proprietorship)
  • more partners mean more capital and more talent

Its main disadvantage is the same main disadvantage of a sole proprietorship, unlimited liability, i.e. partners are responsible for all the debts and obligations of the partnership.

You might be interested in
Landhill Corporation is authorized to issue 49,000 shares of $5 par value common stock. During 2020, Sandhill took part in the f
spayn [35]

Answer: Please see answer in explanation column

Explanation:

1. Journal to record common stock issued

Account title                                             Debit               Credit

  Cash                                                 $210,400

Common stock                                                           $22,500

Paid in capital in excess of par                                  $187,900

common stock

Calculation:

Cash = 4,500 x $45 + $7900= $210,400

Common stock =4,500 x $5=$22,500

Paid in capital in excess of par common stock = Cash - Common stock =$210,400-$22,500=$187,900

 

2) To reccord Land purchased in exchange of common stock

Account title                                             Debit               Credit

  Land                                                     $50,600

Common stock                                                             $ 5,500

Paid in capital in excess of par                                     $45,100

common stock

Calculation:

Land= 1,100 x $46 = $50,600

Common stock =1,100 x $5=$5,500

Paid in capital in excess of par common stock = 1100 x (46-5)$41=45,100

3) To record purchase of treasury stock

Account title                                             Debit               Credit

  Treasury stock                                  $19,270                  

   Cash                                                                              $19,270

Calculation:

Treasury stock       =  470 shares x$41= $19,270

8 0
2 years ago
Good X and Good Y are related goods. When the price of Good X rises by 20 percent, the quantity demanded for Good Y falls by 40
ch4aika [34]

Answer:

-2

Explanation:

Good X and Y are related goods

When the price of Good X rises by 20 percent the quantity for Good Y falls by 40 percent

Therefore the cross price elasticity can be calculated as follows

= -40/20

= -2

Hence the cross price elasticity is -2

4 0
3 years ago
Edna Boyle contracts with The Melonville Times to advertise her garage sale to be held this Saturday. The ad is to run in the Fr
Irina-Kira [14]

Answer:

True

Explanation:

As per the contract details, Melonville Times will telecast and run an advertisement on Friday and in the morning of Saturday, as later during Saturday the sales has to be done.

In case of any failure from Melonvile Times, it is liable to pay $50. Now, by the clause and word enforceable means actionable in real terms.

Since there is a formal written contract between the parties and the purpose of such advertisement and the value in case of any failure is defined, the liquidated damages provided are enforceable.

Note: It is assumed as the organisations are legal and professional all the conditions to make the contract legally valid is true.

Therefore, above stated statement is true.

4 0
3 years ago
Lamar Company is considering a project that would have an eight-year life and require a $2,400,000 investment in equipment. At t
Arada [10]

Paybackperiod=Intial investment / Net annual cash inflow

project's payback period is 4.5 years.

<h3>What is net operating income?</h3>
  • Before deducting any expenditures for financing or taxes, net operational income assesses the profitability of an income-producing asset.
  • Subtract all property-related running costs from all income earned at the property to arrive at NOI.
  • A property owner can manipulate the operational expenditures included in the NOI statistic by delaying or accelerating particular revenue or expense elements.
  • Capital expenses are excluded from the NOI statistic.
  • A property owner can use NOI to determine whether the cost of owning and maintaining a property outweighs the benefits of renting it out.

To learn more about net operating income, refer to the following link:

brainly.com/question/15834358

#SPJ4

5 0
2 years ago
Q. 2:- Choose the correct answer :-
ikadub [295]

Answer:

1) Muhammad (S.A.W)

2) Al- Quran

3) A muslim

5 0
2 years ago
Other questions:
  • Which type of ICS facility is used to temporarily position and account for personnel, supplies, and equipment awaiting assignmen
    7·1 answer
  • Suppose there is a major technological advance in the production of a good that causes production costs to fall. If demand for t
    6·1 answer
  • Which of the following taxes are paid by the employee and the employer?a. FUTAb. SUTAc. FICAd. Federal withholding taxes
    8·1 answer
  • Geneva Company manufactures dolls that are sold to various distributors. The company produces at full capacity for six months ea
    8·1 answer
  • The Rasputin Brewery is considering using a public warehouse loan as part of its​ short-term financing. The firm will require a
    9·1 answer
  • You are the account manager for an Internet service provider. A customer contacts you and complains that her recent billing stat
    13·1 answer
  • Identify the tasks performed by workers in a Production career? Choose all that apply. cleaning and maithaining equipment and to
    5·2 answers
  • Many employment contracts have mandatory arbitration clauses.<br><br><br> False<br><br> True
    8·1 answer
  • I don't know what write here.
    9·2 answers
  • reducing the price of laptop computers is considered a (one word) incentive since the opportunity cost decreases when the price
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!