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Elena-2011 [213]
4 years ago
6

You have a neighbor, Mr. Peterson, who comes to you for advice. He owns a fish and chips restaurant, "The Codfather, LLC" which

he started and has built up for 25 years in the neighborhood. Mr Peterson is ready to retire and wants to transfer ownership of his business to his 40 year old son. What is the best advice to give Mr. Peterson
Business
2 answers:
Vladimir [108]4 years ago
7 0

The first advice I would give Mr. Peterson would be to formalize the transfer. So the first step in this situation would be to contact a good lawyer to see if the transfer of business to your child would be authorized. This is because the transfer of LLCs has rules that may differ from one location to another.

notka56 [123]4 years ago
6 0

Answer:

call up your attourny to see if transferring is possible because rules vary by  state...

Explanation:

It said I had the correct answer lol

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<span>A.prevents, detects, and prosecutes international
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Carrie, a new salesperson for Brenham Foods, calls in an order for twice the amount of merchandise that Corner Market requested
Svetach [21]

Answer: Opportunity

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Pedro, a sales manager, asks Rafael, one of his new recruits, to send him a sales report by EOD (end of day). Rafael intends on
Tom [10]

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Bypassing

Explanation:

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4 years ago
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Greeley [361]

Answer:

Total period cost for the month $65,240

Explanation:

Product cost under variable costing = Direct materials + Direct labor + Variable overheads

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6 0
3 years ago
F ZMW 51,000 cash is paid to buy land, the land is reported on the buyer's balance sheet at ZMW 51,000.
Tomtit [17]

Answer:

This is made due to the application of the cost principle or historical cost concept.

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The cost principle or historical cost concept states that the assets, equities, and liabilities are required to be recorded on the financial records on the basis of their original cost. Thus as the cash paid is ZMW 51,000, the same is required to be recorded on the balance sheet of the buyer.

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