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3 years ago

List the four ways to become a business owner

Business

2 answers:

777dan777 [17]3 years ago

8 0

1. Start your own business2. Take over a family-owned business3. Buy a franchise4. Buy an existing operating business.

Serjik [45]3 years ago

5 0

Answer:

In the United States, there are four basic structures: sole proprietorship, partnership, limited liability company and corporation.

Explanation:

Sole proprietorship (Single owner )

The business is owned by its owner. The advantage of this structure is the ease with which income is calculated and taxes are presented. The owner of a sole proprietorship is considered one with his signature. Your earnings are your earnings and are reported on your personal tax return. The disadvantage of the structure is that the owner is considered one with his signature. As such, it is responsible for all financial obligations incurred by the company, such as debts and lawsuits.

Association

An association is made up of more than one individual. Similar to an individual company, a business of this structure is considered one with its owners.

Limited Liability Company 

The latest type of business, limited liability companies (LLCs), has become a very popular structure used in the founding of a company. The ownership of an LLC is not limited to an individual, but is open to corporations, foreign entities and other LLCs. L

Corporation 

The corporation is an entity separate from its owners. This means that it can potentially live forever, regardless of the life of its founders. The property can be easily transferred and the funds can be collected simply by selling shares. A Subchapter S corporation is an alternative form of this business structure used by many smaller companies. The earnings of S corporations can be reported on personal income tax returns on their owners' income. As a standard corporation, however, the S corporation is subject to many government-administered regulations.

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Describe a "rite of initiation" that you experienced at a place of work. This could be described via a situation in which you be

SCORPION-xisa [38]

Answer: Rites of initiation is a good thing at the workplace. The answer is explained further below.

Explanation:

Initiation is the rite of passage marking the entrance or acceptance into an organization, a group or a society. The rite of initiation I experienced at a place of work was when I worked as an intern for a firm and I was told that the rite of initiation was for me to sing my favourite song. I actually sang my favorite song and it was fun and I was welcomed into the organization and introduced myself.

I believe rites of initiation are important at the workplace. It helps to increase engagement, boost employee moral, and also foster a supportive culture. It also enable the organization reach its goals as the workers are united and work as a team.

3 0

3 years ago

Samson's purchased a lot four years ago at a cost of $398,000. At that time, the firm spent $289,000 to build a small retail out

vladimir1956 [14]

Answer:

initial cash flow is 2,929,000

Explanation:

Attached is the table

3 0

3 years ago

Gail K. Company manufactures waterproof cell phone covers. During the current month, the purchasing manager purchased $26,700 of

Marianna [84]

Answer:

D : $88,800

Explanation:

Cost of goods manufactured :

Direct Material used in production $ 21,300

Indirect Material used in production $ 3,700

Direct Labour $ 34,100

Direct Labour $ 5,900

Manufacturing overhead $ 16,600

Total Manufacturing cost $ 75100

Add:Beginning Work in process inventory $7,200

Less: Ending Work in process inventory $ 0

Cost of Goods Manufactured $88,800

6 0

3 years ago

A company is obligated to pay its creditors $6,100 at the end of the year. If the value of the company's assets equals $5,800 at

Korvikt [17]

Answer:

The value of shareholders' equity is -$300

Explanation:

Shareholders' equity is the corporation's owners' residual claim on assets after debts have been paid.

Total assets= Total liability + shareholders' equity

Shareholders' equity = Total assets - Total liability

Shareholders' equity = $5,800 - $6,100

Shareholders' equity = -$300

6 0

3 years ago

Which food was received in the temperature danger zone

Luba_88 [7]

Temperature danger zone is defined as the specified range of temperature at which micro organisms grow rapidly in food. The danger zone ranges from 40F to 140F. To keep food out of danger zone, cold food must be kept at or below 40F while hot food must be kept at or above 140F. From the question given above, three of the food fall in the temperature danger zone, but cottage cheese is still safe at 40F because of the fermentation process by which it was made and shell egg is still safe at 43F because it has shell to protect it. Thus, the correct answer is POTATO SALAD AT 46F.

5 0

3 years ago