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3 years ago

Why might a someone organize his or her business as a sole proprietorship?

1 answer:

8 0

Some one might prefer to organize his or her business as a sole proprietorship because :
- They had enough capital to fund their business by their own without the help of any investors
- They don't like to give any controls over their business to other people (which will be the case if they formed a corporation or a firm)
- They only run a small scale business

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You have received a proposal for an RFP that was sent to suppliers. One of the vendors has proposed doing the project for $12,50

Ber [7]

Answer:

FIXED PRICE CONTRACT

Explanation:

The type of contract that is most suitable if the type of work is predictable and the requirements are well-defined and not likely to change is FIXED PRICE CONTRACT because it looks as if the vendor is asking for a cost-plus-fixed-fee contract. However, by asking for a fixed $12,500, the vendor is actually asking for a FIXED PRICE CONTRACT. The cost and fee are just the components the vendor has estimated to come up with a final price.

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3 years ago

Luis is giving a presentation at a business conference. So many people have signed up for his session that it is taking place in

katen-ka-za [31]

Answer:

Stand upright behind a podium to project authority.

Explanation:

For Luiz to make a good presentation and meet the expectations of so many people attending his session, it is ideal that he uses a podium in the room to project authority and increase people's visibility. This will help you retain the audience's attention so that your presentation can flow accurately and dynamically, and that communication is delivered effectively.

5 0

3 years ago

Immediately after a hurricane, it is likely that the quantity demanded for tree cutting/removal services will ______ the quantit

kotykmax [81]

Answer:

Immediately after a hurricane, it is likely that the quantity demanded for tree cutting/removal services will "Remain" the quantity supplied, causing the price of tree cutting/removal services to ''Rise''

Explanation:

3 0

3 years ago

A homeowner from State A hired a contractor from State B to build a vacation home for her in State C. The parties signed the con

Katen [24]

Answer:

The Home owner commenced the action in a state A court ( C )

Explanation:

The Defendant ( the contractor) can decide to transfer the case from a state court to a federal court within the same state in which the case was filled by the The home owner if the federal court has the Jurisdiction to rule on the case

Since the contract was signed in state A under the laws of the state the case is definitely a state case and the Homeowner's move to remand the case to a state court with the argument that the Federal court lacks proper Jurisdiction is in order. The court decision on the matter will be based on the fact that the Homeowner commenced the action in a state A court where the contract was signed.

6 0

3 years ago

(a) Bank of Marienfield started its first day of operations with $150 million in capital. It received a total of $100 million i

Juliette [100K]

Here, we are going to prepare the balance sheet of Bank of Marienfield using the information given in the question..

Formula for Total liabilities is Capital + Checkable deposit + Loan from bank

Given Information

Capital = $150 Million

Checkable deposit = $100 Million

Loan from bank= $50 Million

Total liabilities = $150 Million + $100 Million + $50 Million

Total liabilities = $300 Million

Additional given Information

Commercial loan = $150 Million

Investment in shares = $120 Million

Investment in Treasury bonds = $20 Million

Required reserve = Checkable deposit * Required reserve rate

Required reserve = $100 Million * 10%

Required reserve = $10 Million

Excess reserve = Total liabilities - (Commercial loan + Investment in shares + Investment in Treasury bonds + Required reserve)

Excess reserve = $300 Million - ($150 Million + $120 Million + $20 Million + $10 Million)

Excess reserve = $300 Million - $300 Million

Excess reserve = $0 Million

Balance sheet of Bank of Marienfield.

Assets Amount Liability Amount

Required reserves $10 million Bank capital $150 million

Excess Reserve $0 Checkable deposit $100 million

Commercial loan $150 million Loan from bank $50 million

Investment in shares $120 million

Invest. Treasury bond $20 million

Total $300 million Total $300 million

3 0

3 years ago