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NNADVOKAT [17]
3 years ago
6

Jennifer and Jamie are starting a business and have asked you for advice about whether they should form a partnership, a corpora

tion, or some other type of entity. Prepare a list of questions you would ask in helping them decide which type of entity they should choose. Explain your reasons for asking each of the questions.
Business
1 answer:
sleet_krkn [62]3 years ago
5 0
<h2>Let us understand the definition to shoot the question for better understanding.</h2>

Explanation:

Sole Proprietorship:

  • Owned by single person
  • One person responsible for liable and business
  • Simple to form
  • Nominal cost

Corporations:

  • Legal entities
  • Shared by shareholders
  • More complex type
  • Used for large business

Partnership:

  • Shared by two or more people
  • Types :general partnerships, limited partnerships, joint ventures

Questions: (reason not required as you can self-understand)

  • Are you going to own by oneself or shared?
  • Can you manage if you own with oneself?
  • What is your budget?
  • Do you want to make simple legal procedures?
  • Which type of partnership you prefer?
  • Do you now the "pros and cons" of each one?
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_________________ involves planning, implementing, and controlling the physical flow of goods, services, and related information
gogolik [260]

Answer:

Logistics

Explanation:

Logistics is the process of managing the movement of merchandise or resources from their point of origin to the intended consumer.  Logistics in an organization is the management of mobility and storage activities undertaken by the company. Logistics management will involve the identification of distributors and suppliers of the company's products.

Poor logistics will hurt business performance. If the company's products are not available for consumers to buy,  low sales will be realized. An inefficient logistics system will make company products expensive.  As a result,  the company's goods becomes uncompetitive in the market.

8 0
3 years ago
A project manager has to manage tasks and identify schedule problems during the
BabaBlast [244]
Duration of the project. from start to end

3 0
3 years ago
During 20x8, a firm discontinued a component qualifying for separate disclosure within the income statement. The disposal was co
MAVERICK [17]

Answer:

  1. IFCO for 20x7 as it is reported comparatively in the 20x8 statements  = $5,600
  2. IFCO for 20x8 = $6,800

Explanation:

1) IFCO for 20x7 as it is reported comparatively in the 20x8 statements, should not include the $400 operating income from the component = $6,000 - $400, or $5,600.

2) IFCO for 20x8 should not include the gains resulting from the disposal of the component nor the losses generated by it = $7,000 - $300 + $100 = $6,800

4 0
4 years ago
The problem with fiscal policy that is created because of the recognition, legislative, implementation, effectiveness, and the e
STatiana [176]

Answer:

A matter of timing

Explanation:

The problem with fiscal policy that is created because of the recognition, legislative, implementation, effectiveness, and the evaluation and adjustment lags is called <u>a matter of timing.</u> The reason being that it can be difficult to time fiscal policy to shift the AD curve at the right moments.

4 0
3 years ago
Day Corp. holds 10,000 shares of its $10 par value common stock as treasury stock reacquired in Year 2 for $120,000. On December
Verdich [7]

Answer:

Credit of Additional paid-in capital of $70,000

Explanation:

Under the cost method of accounting for treasury stock, the reissuance resulted in a credit to: Additional paid-in capital of $70,000

Treasury stock reacquired in Year 2 $120,000

Less Year 4, reissued $190,000

Balance $70,000

Hence the $70,000 will be the additional Paid-in capital because the Treasury stock was reacquired in Year 2 $120,000 in which later in Year 4, $190,000 was reissued .

Therefore Under the cost method of accounting for treasury stock, the reissuance resulted in a credit to: Additional paid-in capital of $70,000

5 0
3 years ago
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