Answer:
southern university, Dillard university, university of new orleans
<span><span>There
is an advantage if a group of medical doctors will invest to incorporate their
business regardless of the costs involved. In fact, many
individuals choose to incorporate to obtain limited liability. In some cases, they may also receive tax savings by doing so</span>.
(FALSE)</span>
Answer:
$123,500
Explanation:
The computation of the amount reported in the financial statements is shown below
= Sales amount - the amount of sales received
= $247,000 - $247,000 × 50%
= $247,000 - $123,500
= $123,500
by deducting the amount of sale received from the sales amount we can get the amount i.e to be reported in the financial statements
Answer;
Sole proprietorship requires one person to do many things, while partnerships requires many people to weigh in on decisions.
Explanation;
Both partnerships and sole proprietorship are forms of business units, and both have disadvantages and advantages;
Some of the disadvantages of partnerships is that; the liability of the partners for the debts of the business is unlimited and also each partner is liable for the partnership's debts; that is each partner is liable for their share of the partnership debts as well as being liable for all the debts.
A sole trader on the other hand; has disadvantages such as having unlimited liability for debts, capacity to raise capital is limited, among others.
Answer:
unique selling propositions
