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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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Ruth executes a will in 2012 naming her nephew stan as sole beneficiary. in 2014, ruth executes another will, naming her niece t
Slav-nsk [51]

Stan and Tammy will share the estate in equal shares. You are able to have as many beneficiaries as you name, due to this and no change in the first will, both will be heirs to the estate. If Ruth were to have revoked the first will, then it would have left Tammy the sole beneficiary.

5 0
2 years ago
In late​ 2018, malnutrition was widespread in Venezuela. Writing in an opinion column in the New York Times​, Javier Corrales​ a
suter [353]

Answer: B. No. Imposing a price control below the equilibrium price in a market causes the quantity of the good available to consumers to fall because sellers will supply a smaller​ quantity, thereby causing some consumers to go without food that they would have been able to buy in the absence of the price control.

Explanation:

If price controls are introduced below the equilibrium price in the market, farmers or sellers will supply less to the market because they will not be incentivized to produce more seeing as they are not making what they should be making.

This, coupled with increased demand on account of food being cheaper, will lead to shortages which would mean that those that could have been able to afford the food at the equilibrium price would not be able to access food leading to even worse food shortages.

8 0
2 years ago
azra’s position as the manager of natural nutrition gives her the ________ to make many decisions during the course of a week, i
Mama L [17]

The appointment of Azra as manager gives her <u>authority</u> to make many decisions during the course of a week

Let understand that options includes <em>accountability, authority, responsibility, delegation.</em>

<em />

Basically, the main function of an organization manager is increase the efficiency or effectiveness of their employees, processes, projects, organizations etc

However, the four basic functions of manager includes effective planning, organizing, leading, and controlling of units in the company.

Therefore, Azra’s position gives her authority to <em>make decision</em>, <em>assigns tasks</em>, <em>approve budget requests</em> and <em>market the business</em>.

Learn more about Manager function here

<em>brainly.com/question/15351742</em>

6 0
2 years ago
Carlita began 2014 with a taxes payable account balance of $3,000. On December 31, 2014, its taxes payable account balance is $7
aleksandr82 [10.1K]

Answer:

$2,000

Explanation:

The computation of the amount pay to the tax authorities during the year is shown below;

Let us assume the accrued payment be $6,000

Let us assume the amount pay to the tax authorities be X

Beginning Taxes payable account balance + Accrued payment - X = Ending taxes payable account balance

$3,000 + $6,000 - X = $7,000

$9,000 - X = $7,000

So, the X is

= $9,000 - $7,000

= $2,000

hence, the amount pay to the tax authorities is $2,000

4 0
3 years ago
CRANE COMPANY Adjusted Trial Balance January 31, 2020 Debit Credit Supplies $900 Prepaid Insurance 1,800 Salaries and Wages Paya
GREYUIT [131]

Answer:

beginning supplies 1,600

Explanation:

With the following identity we will sovle for beginning supplies:

beginning + purchases = ending + expense

the left side are the input of supplies

and the right side are the output

we will plug into the formula and solve for beginning supplies

beg + 3,400 = 900 + 900

beg = 3,400 - 900 - 900 =  1,600

4 0
2 years ago
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