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Genrish500 [490]
2 years ago
12

Explain the differences between a partnership and a corporation

Business
1 answer:
Radda [10]2 years ago
8 0
A corporation is an independent legal entity owned by shareholders, in which the shareholders decide on how the company is run and who manages it. A partnership is a business in which two or more individuals share ownership.
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Justin Company's budget includes the following credit sales for the current year: September, $40,000; October, $51,000; November
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$45,350

Explanation:

Follow the Company`s collection history to determine the November Cash Collection.

November Cash Collection :

Collected in month of sale - 15% x $45,000                       $6,750

Collected for 1st month after sale - 60% x $51,000         $30,600

Collected for 2nd month after sale - 20% x $40,000        $8,000

Total                                                                                     $45,350

Therefore,

The cash Justin can expect to collect in November is $45,350

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According to Kotter, leadership and management are two different aspects but however they are complementary systems of action in organization.

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