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3 years ago

What are the three legal forms of business organization? What are the advantages and disadvantages of each one

Business

1 answer:

Vitek1552 [10]3 years ago

7 0

Answer:

There are three basic forms of business ownership: sole proprietorship, partnership and corporation. Each of these forms of business organization has advantages and disadvantages in such areas as setting up the company, paying taxes and assessing liability for business debts.

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Which of the following financial packages has the lowest total cost to the student?

Bezzdna [24]

A. Because grants and scholarships are free money and loans have to be repaid. 25% is the lowest amount of loans

3 0

4 years ago

Read 2 more answers

A company operating under an EOQ policy enjoys rising annual demand for their products for three consecutive years. During this

Oduvanchick [21]

Answer:

Their order quantity will rise but the time between orders will fall.

Explanation:

Let's analyse the EOQ formula:

$Q_{opt} = \sqrt{\frac{2DS}{H}}$

If Demand increases

The dividend increase, so the quotient increase.

EOQ will rise.

<u>Only options b and c are correct on that statment.</u>

Now let's check the time between order:

$\frac{EOQ}{Demand} \times 365$

If we analyze the increase in demand:

√(2xΔDxS/H)/ ΔD

everything else is keep constant so we have:

√(CxΔD)/ ΔDx

If we use L'Hopital we can conclude this function limit is zero.

Anyway a more easy way to do it will be calculate with a demand of 1000

and then with a demand of 50,000 to notice how much the time between order decrease.

√(1000) / 1000 = 0.031622776

√(51000)/ 51000 = 0.004428074

<u>so we have EOQ increase and days between order decrease.</u>

Now only option B is correct !

8 0

3 years ago

What steps can I use to set saving easier?

Akimi4 [234]

Record your expenses. The first step to start saving money is to figure out how much you spend. ...
Budget for savings. ...
Find ways you can cut your spending. ...
Decide on your priorities. ...
Make saving automatic.

6 0

3 years ago

Use the five transactions for Martin Rentals described below to answer the questions that follow Transactions:

Maru [420]

Answer:

I couldn't find the questions that should follow these transactions, the only requirement that I found on similar questions was to journalize them:

Oct. 1 Martin purchases 2 new saws on credit at $375 each; the saws are added to Martin's rental fleet; payment is due in 30 days.

Dr Equipment 750

Cr Accounts payable 750

8 Martin accepts advance deposits for tool rentals of $75.

Dr Cash 75

Cr Unearned revenue 75

15 Martin receives a $150 bill for electricity provided by Local Electric Company; payment is due in 30 days.

Dr Electricity expense 150

Cr Accounts payable 150

20 Customers are charged $750 by Martin for tool rentals; payment is due from customers in 30 days.

Dr Accounts receivable 750

Cr Service revenue 750

31 Payments of $500 are received by Martin from customers billed for rentals on October 20.

Dr Cash 500

Cr Accounts receivable 500

5 0

3 years ago

Jorge would like to open a coffee shop. He should write a(n) ________ to establish the mission and objective of his organizatio

Katen [24]

Answer:

The correct option is C, business plan

Explanation:

Sales proposal is a document sent by a seller to a prospective buyer detailing the nature of the product offered and how the product could serve the interest of the would-be buyer,hence it is a wrong option.

Unsolicited proposal is a proposal sent by a private firm interested in partnering with the government on projects where the proposal was not requested by the government,as a result it is wrong choice as well.

A business plan is document showcasing the aims of objectives of the organization with clear road maps on issues such as what the business is set out to achieve,its target customer and so on

Investment proposal is aimed at bringing to light the potential benefits of a project so as to appeal to financiers.

Grant proposal is a request addressed to the government justifying the need for grant of a subsidy.

6 0

3 years ago