Answer:
<u>Sole proprietorship.</u>
Explanation:
The best property choice for Fred's business would be <em>a sole proprietorship.</em>
This corresponds to a popular commercial form due to the simplicity of business operations, ease of implementation and relatively low cost.
In the sole proprietorship, a single owner will be able to register the name of his business (which can be the name of the owner or a fictitious name) and obtain the necessary licenses for the start of operations. It is an easy way to start a new business without the greatest risks found in some type of business partnership, since in exclusive ownership, the business responsibilities are solely of the owner, including gains and losses.
I believe the answer to this will be a
Answer:
Hannah's Pool Service Company
Statement of owner equity for the year ended December 31
Particulars Amount
Capital (January 1) $309,170
Investment during the year $22,040
Net Income $55,080
Withdrawals during the year (-<u>$39,010</u>)
Increase in the owner equity <u>$38,110</u>
Capital (December 31) <u>$347.280</u>
<u>Workings</u>
a. Increase in the owner equity = Investment during the year + Net income - withdrawal during the year
=$22040+$55080 -$39010
=$38110
b. Capital (December 31) = Capital on January 1 + Increase in owner equity
=$309170 +$38110
=$347280
Answer:
I dont think anybodys going to answer this
Explanation:
Answer:process of preserving and increasing the wealth
Explanation:The Financial Planning Life Cycle
Financial planning cycle outlines to us how one goes about starting to build wealthy,through their lifetime and how are they able to actual preserver what the have accumulated while they keep accumulating more.
It comprises of the following stages the first one being the starting point where one is focused on building wealthy. Second focusing on how one aims at preserving and increasing what they have already accumulated and third stage focuses on how one continues to live and grow from what they have saved.