Answer and explanation:
In Joan's case, a general partnership will provide her control over her business that will be shared with the older gentleman who owns a jewelry store. Profits would be distributed evenly regardless of the contribution of each partner in the business. However, the older gentleman has offered Joan the chance of purchasing his share later on which would provide her the total control of the business and the patent of her creation.
The other option Joan has available is purchasing a franchise. This will allow Joan to avoid the initial costs of introducing her products to the market and the risks of not having enough consumers since her brand name is new. Though she will lose access to the patent of her creation and periodically Joan will need to pay NewJewelry a fee for using its name.
Therefore, <em>as Joan prefers to have control over her designs, it would be more convenient for her to choose the general partnership.</em>
Answer:
Net Income for the year is $23,175
Explanation:
The Company's income Statement is prepared below. In relation to the following please note that:
- Total Revenue is considered Section A while Total Expense is Section B and the Net Income is the difference of the same (A - B).
<u>Income Statement on December 31st:</u>
HOME REALTY, CORPORATION
Income statement
For period ended December 31st
Revenue $
Sales Revenue 166,000
Other Revenue -
Total Revenue (A) 166,000
Expenses: $
Salaries and Wages Expense 97,000
Interest Expense 6,300
Advertising Expenses 9,025
Income Tax Expense 18,500
Dividends 12,000
Total Expenses (B) 142,825
Net Income (A-B) $23,175
Answer:
2. Infrastructure
Explanation:
Infraestructure is the collection of physical facilities that a business needs to perform an economic activity in a particular enviroment.
The needs described in the question are infraestructure needs because they refer to physical facilities such as telecommunications infraestructure, transporation means, power (electricity) facilities.
The availability of technically skilled talent is not a physical asset, but it is human capital that is needed to build the infraestructure.
Answer:
The correct answer is (D) business model
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