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pickupchik [31]
3 years ago
13

Three sisters are interested in forming a business together. They have three initial concerns: How to maximize their benefits fr

om the fact that the business is not expected to earn money for at least the first 2 years Making sure that the business will be able to continue in the event one or two of the sisters dies Minimizing their personal liability for the obligations of the business On the basis of the sister's concerns, which form of business is appropriate for the situation
Business
1 answer:
blsea [12.9K]3 years ago
3 0

Answer:

Limited liability company

Explanation:

A limited liability company is one that the owners are not personally liable for the business. Rather the company is a legal entity on its own and can be sued legally as a sepearte entity from its owners.

It combines features of a corporation and a partnership or sole proprietorship.

This will be the best type of business given that the business will not be expected to earn for the first two years. The sisters will not be personally liable for any debt incurred.

Also the business will continue even if only one of the sisters remains.

So an LLC is the best option for them.

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T. Hillcrest Co. sold $500 of merchandise on a bank credit card with a 5% fee. The entry to record this sales transaction would
Rufina [12.5K]

Answer:

Cash for $475 and Credit Card Expense for $25

Explanation:

Cash for $475 and Credit Card Expense for $25

8 0
3 years ago
Dell is a product of the Digby company. Digby's sales forecast for Dell is 2079 units. Digby wants to have an extra 10% of units
Thepotemich [5.8K]

Answer:

Option (B) is correct.

Explanation:

Sales forecast = 2079 units

Ending Inventory to be maintained:

= 10% of forecast sales

= 10% (2079 units)

= 208 units

Production:

= Sales + Ending Inventory - Beginning Inventory

= 2079 units + 208 units - Nil  

= 2,287 units

Taking current inventory into account, Dell's Production of 2,287 units After Adjustment have to be in order to have a 10% reserve of units available for sale.

8 0
3 years ago
utilizing the models of marketing communication-- tactic used in the one-to-one model which is a more personal level of marketin
Ghella [55]

Direct marketing tactic.

Direct marketing is a method used by companies that directly targets the potential customers they want to reach through things like direct mail, text advertisements, custom ads on social media, email marketing, and direct selling.

6 0
3 years ago
Read 2 more answers
A securities analyst reports that a cyclical change in non-durable goods has occurred on the downside over the last quarter. Whi
Stella [2.4K]

Answer:

D) Shares in a brewery

Explanation:

Beer is not a durable good, and the security analyst reported non-durable goods are not going to perform well. The analyst didn't specify which non-durable goods would not perform well, but beer is the only possible option. The other three alternatives all relate to durable goods (steel, industries, home appliances).

6 0
3 years ago
Periodic outlays for inventory control software at Baron Chemicals are expected to be $150,000 immediately, $200,000 in 1 year,
Nady [450]

Answer:

Total present value=$617,523.24

Explanation:

The formula for calculating continuous compounding is given as follows

F=P(e^it)

F=future value

P=present value

i=interest rate

t=time involved i.e 1 year or 2 year

e=Mathematical constant=2.7183

By applying above mentioned formula, the present value of inventory control software by Baron Chemicals shall be calculated as follows:

Present value of year 2 Cash flow= $286,555.76

($350,000/e^10%*2)

Present value of year 1 Cash flow=  $180,967.48

($200,000/e^10%*1)

Present value of year 0 Cash flow= $150,000

Total present value=$617,523.24

7 0
3 years ago
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