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
NNADVOKAT [17]
2 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]2 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?
You might be interested in
In the AD partnership, Allen's capital is $140,000 and Daniel's is $40,000 and they share income in a 3:1 ratio, respectively. T
Mamont248 [21]

Answer:

D) 137000 39000

Explanation:

Allen  140,000

Daniel 40,000

Capital before admission 180,000

share ratio 3:1

Capital after admission:

180,000 + 40,000 = 220,000

David participation: 20%

220,000 x 20% = 44,000

David investment  40,000

goodwill: 4,000

There is a difference in goodwill which will be supported for the old partner as their current share ratio

Allen 4,000 x 3/4 = 3,000

Daniel 4,000 x 1/4 = 1,000

Capital after David admission:

140,000 - 3,000 = 137,000

40,000 - 1,000 = 39,000

6 0
3 years ago
If a country's GDP is $10 billion and its population is 250,000, what is<br> its per capita GDP?
ruslelena [56]

Answer:

4000

Explanation:

7 0
3 years ago
A 10% rise consumer income results in a 4% decrease in the quantity demanded for pasta. the income elasticity of demand for past
Stells [14]
The income elasticity of demand for pasta is -0.4 based on the data from the question above. The answer to this problem can be solved using the elasticity formula which stated as ED = Q percent change / I percentage change where ED is the elasticity of demand, Q is the quantity of the product, and I is the consumer's income<span>. (Calculation: -4%/10%=-0.4)</span>
5 0
2 years ago
Suppose one economist believes the target rate of unemployment is 4.5 percent while another believes it is 5.5 percent. Using Ok
Arlecino [84]

Answer:

$200 billion

Explanation:

Okun's law (or rule of thumb) states that for every 1% point drop in unemployment, the total output of the economy will increase by two percent.

In this case, since unemployment varies by 1% (= 5.5% - 4.5%), that would mean that the potential GDP differs in $200 billion (= $10 trillion x 2%) depending on which economist's unemployment estimation we use.

6 0
3 years ago
As the company prepares to sell and open more stores in the Indian and Chinese markets, which type of strategy would you recomme
aleksandr82 [10.1K]

Answer:

Business Environment Research

Explanation:

Very intensive 'business environment research' strategy is important for any company trying to open more stores in any new market. Business Environment refers to external factors that affect a business.

All the aspects of market environment

  • Economic (Growth, Income, Monetary Policy, Interest etc)
  • Political (Political stability, business community trust)
  • Legal  (Laws, Rules & Regulations, Mandates etc)
  • Social (Customs, Beliefs, Lifestyles, Values etc)
  • Technological (Ongoing scientific & technical upgradations)

It is important to understand all these aspects to be able to understand a market better, & sell (expand) their successfully.

7 0
3 years ago
Other questions:
  • The ________________________ is the amount for goods and services that the international assignee is expected to spend in the ho
    5·1 answer
  • Williamsburg Nursing Home is investing in a restricted fund for a new assisted-living home that will cost $6 million. How much m
    14·1 answer
  • A worker in which career pathway might need to memorize lines
    9·1 answer
  • The SOC categorizes occupations according to _____.
    10·1 answer
  • 2 Points
    14·1 answer
  • Flare, an electronics company, created a low-cost, handheld washer that could run on solar-powered battery. The product was also
    11·1 answer
  • Five days after signing a contract to purchase a new timeshare in North Carolina, the buyer cancels the timeshare contract. Acco
    12·1 answer
  • Which of the following is NOT considered to be one of the three primary functions that all organizations​ perform? A. research a
    14·1 answer
  • A ________ is a story of how the firm will create value for customers and, more important, how it will do so profitably.
    14·1 answer
  • An analyst obtains a market quote for the two-year forward rate two years from now. to derive the next point on a theoretical an
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!