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anyanavicka [17]
3 years ago
7

A new form of business ownership (not a corporation) approved in most states since approximately 1994- combines aspects of partn

erships with the limited liability of a corporation; owners know as members:
Business
1 answer:
Amanda [17]3 years ago
6 0

Answer:

If you’re starting a new business, you have to decide which legal form of ownership is best for you and your business. Do you want to own the business yourself and operate as a sole proprietorship? Or, do you want to share ownership, operating as a partnership or a corporation? Before we discuss the pros and cons of these three types of ownership, let’s address some of the questions that you’d probably ask yourself in choosing the appropriate legal form for your business.

In setting up your business, do you want to minimize the costs of getting started? Do you hope to avoid complex government regulations and reporting requirements?

How much control would you like? How much responsibility for running the business are you willing to share? What about sharing the profits?

Do you want to avoid special taxes?

Do you have all the skills needed to run the business?

Are you likely to get along with your co-owners over an extended period of time?

Is it important to you that the business survive you?

What are your financing needs and how do you plan to finance your company?

How much personal exposure to liability are you willing to accept? Do you feel uneasy about accepting personal liability for the actions of fellow owners?

No single form of ownership will give you everything you desire. You’ll have to make some trade-offs. Because each option has both advantages and disadvantages, your job is to decide which one offers the features that are most important to you. In the following sections we’ll compare three ownership options (sole proprietorship, partnership, corporation) on these eight dimensions.

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Florence is a highly paid fashion consultant who earns $100 per hour. She has 16 hours per day that she can allocate to work or
Dmitry_Shevchenko [17]

Answer:

Please see attachment

Explanation:

Please see attachment

8 0
2 years ago
Grossnickle Corporation issued 20-year, noncallable, 7.5% annual coupon bonds at their par value of $1,000 one year ago. Today,
Aleks04 [339]

Answer:

correct option is e.  $1,232.15

Explanation:

given data

Future value = $1,000

Rate of interest = 5.5%

NPER = 19 years

annual coupon bonds = 7.5%

solution

We will use here Present value formula for get current price of the bonds.

so  here PMT is

PMT = Future value  × annual coupon bonds   ................1

put here value

PMT = $1,000 × 7.5%

PMT = $75

The formula we use in excel =  -PV(Rate,NPER,PMT,FV,type)

so we will get here

after solving we get current price of the bond is $1,232.15

correct option is e.  $1,232.15

6 0
3 years ago
Anthropology Corp. issued 6-year, 8% bonds with a face value of $850,000 on October 1, 2021. The bonds are dated October 1, 2021
babymother [125]

Answer:

8983

Explanation:

Total Premium (934609-850000) 84609

Divide: Periods total   12

Premium amortized each period  7050.75

Interest expense for Nov21 (Two months)  

Cash Interest payable (850000*8%*2/12) 11333.33

Less: Premium amortized (7050.75*2/6) 2350.25

Interest expense for year ending 30.11.21 8983.08

Total Premium (934609-850000) 84609

Divide: Periods total   12

Premium amortized each period  7050.75

Interest expense for Nov21 (Two months)  

Cash Interest payable (850000*8%*2/12) 11333.33

Less: Premium amortized (7050.75*2/6) 2350.25

Interest expense for year ending 30.11.21 8983.08

Answer is $8983

3 0
3 years ago
Although it brings many benefits to a firm, ___________ also limits a firm’s ability to realize significant experience curve cos
Anastasy [175]

Answer:

B. Customization

Explanation:

-Standardization refers to developing guidelines that establish how a product is created which allows the company to decrease costs.

-Customization refers to adapting a product to adjust to the request of customers.

-Assembly line production is when the production process is arranged in workstations and the parts are added in each of them until the product is finished.

-Exporting refers to selling products manufactured in one country to another one.

According to this, the answer is that customization also limits a firm’s ability to realize significant experience curve cost economies and location economies because as the company has to adapt the products and the features are not standard, it is not able to optimize the manufacturing process and establish the operation in any place to minimize the costs.

5 0
3 years ago
On page 23 of the textbook, the discussion of Cost Management Systems suggest that currently the focus is on proactive versus re
Elina [12.6K]

Answer:

1. <u>Reactive management</u> as the name implies refers to management having an approach of acting only after a problem has occurred while

<u> Proactive management</u> is preventive method of management that prevents problems from happening by acting in advance to avoid their occurrence.

Explanation:

1.

<u>Reactive management</u> as the name implies refers to management having an approach of acting only after a problem has occurred while

<u>Proactive management</u> is preventive method of management that prevents problems from happening by acting in advance to avoid their occurrence.

Applying proactive management to McDonalds, management will be open to new ideas and quickly adapt, from customer feedback and make changes to their menu but in reactive management it will refuse to do so until the customers begin to complain or disappear then it will take measures to repair the damage of lost customers. At what time, making changes to the menu may be coming too late.

2

Activity accounting does not only report financial information but other qualitative information based on the activities of people and departments which is why it is also called responsibility accounting.

Such being applied to Mcdonalds will consider number of clients served per staff or department, number of customer complaints per period etc

5 0
3 years ago
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