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levacccp [35]
3 years ago
8

Amanda has always been inclined toward baking and wants to open her own bakery. She takes a loan of $20,000 from the bank and st

arts a bakery in her hometown. In the context of the four forms of business, Amanda most likely _____. owns a limited liability company has a sole proprietorship owns a statutory close corporation has a general partnership
Business
1 answer:
Orlov [11]3 years ago
8 0
Limited Liability Company (LLC): This is a 'mix' between a corporation and a sole proprietorship. Most businesses that have an LLC are partnerships but sole owners can have this as well. There are tax break advantages with an LLC that are more comparable to a sole proprietorship. 
Sole Proprietorship: The most common type of business practice, one sole owner. 
Statutory Close Corporation: Stockholders are actively involved in managing the business.
General Partnership: Two or more people agree to share assets, profits and all legal matters within a business. 

Based on the differences between these types of business practices Amanda most likely has a Sole Proprietorship.

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If a perfectly competitive firm can sell a bushel of soybeans for $25 and it has an average variable cost of $26 per bushel and
Elodia [21]

Answer:

Explanation:

The firm Should decrease the output.

Because as we see selling price P is LESS than Marginal Cost (MC) and in perfect competition P=MC for efficient allocation . So By decreasing output firm can decrease MC ⇒ which leads to output where P=MC.

3 0
3 years ago
Business Law - Case: Contract Law
Brilliant_brown [7]

Answer:

The issue is whether Joe is liable to pay for Bob to Avarice Bank or not.

Joe should prevail.

Explanation:

The original contract is between bank and Bob and in that contract Joe is not involved. Secondly payment on someone' behalf always has to be a written contract.

According to UCC, suretyships have to be written for them to be enforceable. This is mentioned in Statute of Frauds. It clearly states that any gurantee by thrid party for payment of debts has to be in writing.

3 0
3 years ago
In order to sell more goods​ and/or services, what must a monopoly​ do?
Readme [11.4K]
<span>In order to sell more goods​ and/or services, what must a monopoly​ do? Reduce price and increase output. A monopoly is when a company or a product has control in the industry. The supply or trade of this item or service is limited. For a monopoly to sell even more, they should reduce the price and increase their output because they have no competitors. 

</span>
7 0
3 years ago
The individual mechanism that deals with workers' psychological reactions to overtaxing job demands is referred to as?
Mekhanik [1.2K]

The individual mechanism that deals with workers psychological reactions to overtaxing job demands is referred to as stress.

Stress is considered as a defensive mechanism, as it follows the three stages of resistance, alarm, and exhaustion. The psychological stress is usually associated with negative life changes.

So here in this case, the individual mechanism, which is dealing with the workers psychological reactions to overtaxing job demands is considered as stress. As the workers are stressed due to the overtaxing job demands.

Hence, the coping mechanisms are the strategies people often use in the face of stress in order to help manage painful or difficult emotions.

To learn more about stress here:

brainly.com/question/9643296

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5 0
1 year ago
"which expenses would most likely be classified as prepaid expenses (asset) rather than accrued expenses (liability)?"
MakcuM [25]

Expenses likely to be classified as prepaid expense (asset) are Prepaid Rent & Insurance Premiums. Enter a prepaid rent payment on the balance sheet as an asset until the month when the company is actually using the facility to which the rent relates, and then charge it to expense.   Any insurance premium costs that have not expired as of the balance sheet date should be reported as a current asset such as Prepaid Insurance.


8 0
3 years ago
Read 2 more answers
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