Determine whether each characteristic describes a sole proprietorship, a general partnership, or a corporation. Note that a characteristic may apply to more than one type of business structure. (2 points)
Answers
It's important to note that each type of business structure has its own unique advantages and disadvantages, and choosing the right structure depends on a variety of factors, including the size and scope of the business, the goals of the owner(s), and the industry in which the business operates.
The common characteristics of each type of business structure are as follows:
Sole Proprietorship:
Owned and operated by one individualSimple to set up and maintainUnlimited personal liability for business debts and obligationsTaxed as personal income for the ownerLimited ability to raise capital or attract investorsLimited lifespan tied to the owner's lifespanGeneral Partnership:
Owned and operated by two or more individualsSimple to set up and maintainUnlimited personal liability for business debts and obligationsTaxed as personal income for the partnersPartners share profits and losses equally, unless otherwise specified in a partnership agreementLimited ability to raise capital or attract investorsLimited lifespan tied to the partners' agreement or the departure of a partnerCorporation:
Separate legal entity owned by shareholdersMore complex to set up and maintain than sole proprietorships or partnershipsLimited personal liability for shareholdersTaxed as a separate entity, with potential for double taxation on profits and dividendsAbility to raise capital through the sale of stock and attract investorsPotential for perpetual lifespan, separate from the lifespan of its owners or managersManagement structure typically includes a board of directors and officers
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Related Questions
The role of the forward FX contract is to offset the uncertainty regarding the future spot rate on a particular currency at the end of the investment horizon.
True or False?
Answers
True.
A forward FX contract allows an investor to lock in a future exchange rate for a specific currency, which helps to mitigate the risk of uncertainty surrounding the spot rate at the end of the investment horizon.
By entering into a forward contract, the investor can secure a known exchange rate and reduce their exposure to fluctuations in the currency market. However, it's important to note that forward contracts are not foolproof and there is still some risk involved.
Factors such as unexpected political or economic events can impact exchange rates, even if they are locked in through a forward contract.
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Indicate whether the situation below will lead to a surplus, shortage, or neither.
The price of a product falls to a level that consumers consider a bargain.
O Neither
Surplus
Shortage
Answers
If the price of a product falls to what is considered a bargain price, a shortage would occur.
A shortage occurs when the quantity demanded exceeds the quantity supplied. A shortage occurs when price is below the equilibrium price.
A surplus is when the quantity supplied exceeds the quantity demanded. A surplus occurs when price is above the equilibrium price.
When the price of a good falls to what is considered a bargain price by consumers, it means that the price of the good is below the equilibrium price.
When the price of a good is below equilibrium, quantity supplied would fall and the quantity demanded would exceed supply. As a result, there would be a shortage.
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[blank] is when a firm provides the rights to sell its products and use its trademark to an another firm.
Answers
Franchising is when a firm provides the rights to sell its products and use its trademark to another firm.
Franchising is a popular business model that enables a company to expand its reach without taking on the full cost and risk of opening new locations. When a firm franchises, it allows another company to operate under its brand name and use its established business systems, products, and services. The franchisor provides training and ongoing support to the franchisee, who in turn pays a fee to the franchisor for the right to use the brand name and operating system. This arrangement benefits both parties, as the franchisor can rapidly expand its presence and the franchisee can take advantage of an established brand and business model. Trademarks are crucial to franchising because they provide legal protection for the brand name and prevent others from using it without permission.
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what is business?????????????
Answers
A business is defined as an organisation or enterprising entity engaged in commercial, industrial,or professional activities.
Commercially reasonable means Multiple Choice observing industry standards and practices that are generally accepted throughout various industries as proper business practices. charging a fair price for goods and not taking advantage of others in the industry. getting the highest price possible for goods without violating the law. observing industry standards and practices that may be unique to the particular industry.
Answers
Answer:
observing industry standards and practices that may be unique to the particular industry.
Explanation:
Commercially reasonable activities are based on a standard of reasonableness. It gauges what a reasonable person or entity will do in a given situation.
For example a standard for operation is defined in an industry and used as a basis the determine if business practices of a company are reasonable or not.
It involves good faiths effort on the part of the actors to meet as much as possible a similar objective or activity under similar circumstances.
In this instance commercially reasonable is defined as observing industry standards and practices that may be unique to the particular industry.
What are the primary reasons people choose to invest and trade stocks?
(Select all that apply.)
to earn a dividend to earn a dividend , ,
to earn capital gains to earn capital gains , ,
to earn predictable quarterly interest to earn predictable quarterly interest , ,
to earn money that is liquid
Answers
Answer:
to earn a dividend
to earn capital gains
Explanation:
Stocks represent ownership in a corporation. Shareholders are entitled to share in the profits of the business. The portion of profits that shareholders get for contributing capital is the dividend.
Investing in stocks makes one a shareholder and gives them the right to dividends. Investors always select the stocks of companies likely to declare high dividends. Dividends is an important reason why investors opt for shares or stocks.
Stocks of corporations that are performing well financially are likely to increase in price. Investors buy stocks when prices are low and selling them when prices appreciate. That way, they can profit through capital gain.
Dividends and capital gains are the rewards that investors gain from stocks. Interest is earned on deposits and loans.
What types of planning can be done to improve a nation’s economy?
A nation can undergo ____ planning or ___ planning in order to improve its economy.
Answers
Answer:
A nation can undergo long-term planning or constructive planning in order to improve its economy. Long-term planning involves setting goals and implementing policies that will have an impact over a period of several years. This type of planning may involve investments in education, infrastructure, and research and development, among other areas. Constructive planning involves implementing policies that encourage economic growth and development, such as reducing barriers to trade, promoting entrepreneurship and innovation, and investing in key industries. These types of planning can help a nation to create jobs, increase productivity, and improve living standards for its citizens. THANK YOUWalmart can achieve a _____ using its relationships with suppliers to create an advantage that, ultimately, allows it to give customers low prices and good customer service.
Answers
Answer:
cost leadership/competitive advantage
Most people are very willing to help out others with job leads and advice, because at one point, someone helped them
with job leads and advice as well.
Answers
Answer:
Yes I agree with you!
Explanation:
what is the single biggest benefit of interest groups to policy makers?
Answers
Answer:information
Explanation:
Lopez Corporation, a manufacturer of household paints, is preparing annual financial statements at December 31, 2007. Because of a recently proven health hazard in one of its paints, the government has clearly indicated its intention of having Lopez recall all cans of this paint sold in the last six months. The management of Lopez estimates that this recall would cost $800,000.
Requried:
What accounting recognition, if any, should be accorded this situation?
Answers
The accounting recognition to be accorded in this situation is operating expense of $800,000 and liability of $800,000.
Basically, an accounting recognition refers to the act of recording a business transaction in the firm's accounting records.
Because the management of Lopez estimates that this recall of all cans of paint sold in the last six months would cost $800,000, then, the entry will be as followsIn conclusion, the accounting recognition to be accorded in this situation is operating expense of $800,000 and liability of $800,000
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A significant summer drought takes place in several states, including lowa, Nebraska, Illinois, Minnesota, Indiana, and others. Because
of the drought, the corn crop is severely damaged and limited for market. How will the drought and damage to the corn market likely
affect the overall price of goods?
A)
The drought and damage to the corn market will likely have little effect on
the overall price of goods, since corn production is extremely small in the
United States.
B)
The drought and damage to the corn market will likely have little effect on
the overall price of goods, as most Americans have excluded starches, Like
corn, from their diets.
The drought and damage to the corn market will likely have a great effect
on the overall price of goods, as corn-producers are required members of
the Federal Reserve Board of Governors.
D)
The drought and damage to the corn market will likely have a great effect
on the overall price of goods, as corn is used as a component for many
goods produced and sold in the United States
Answers
Answer: D
Explanation:
Sasha has the new responsibility of initiating strategies that would help safeguarding her company against recession. She conducts a meeting with all the employees in which she explains how she would go about implementing her plans. She also motivates and encourages employees to follow through with her plan. Sasha is a ________.
Answers
Answer:
Strategic leader
Explanation:
Leadership can be defined as a process which typically involves motivating, encouraging and inspiring employees working under an individual to be innovative and create positive changes that will foster growth and enhance the success of a business firm or company in the future.
A leader can be defined as an individual who is saddled with the responsibility of controlling, managing and maintaining a group of people under him or her. Some types of power expressed by leaders are referent power, legitimate power, coercive power, etc.
Generally, leaders use their powers to get other people to follow them. Some forms of power result from a formalized position in the organization while others are derived from personal characteristics or knowledge.
A strategic leader refers to an individual that utilizes strategy in the management of people without the use of threats and force to make them follow.
In this scenario, Sasha is a strategic leader because she motivates and encourages the employees to follow through with her plan.
what are some supply chain formulas for cscp
Answers
Some supply chain formulas for CSCP are total cost of ownership, economic order quantity, days of inventory, inventory turnover ratio, order time, lead time, perfect order rate, capacity utilization rate, and total cost of logistics.
How to use supply chain formulas that might be useful for CSCP:
1. Total Cost of Ownership (TCO) = Purchase Price + Operating Costs + Maintenance Costs + Disposal Costs
2. Economic Order Quantity (EOQ) = sqrt((2DS)/H), where D is demand, S is setup cost, and H is holding cost
3. Days of Inventory = (Average Inventory / Cost of Goods Sold) x 365
4. Inventory Turnover Ratio = Cost of Goods Sold / Average Inventory
5. Order Cycle Time = Time between placing and receiving an order
6. Lead Time = Time between placing an order and receiving it
7. Perfect Order Rate = (Number of Perfect Orders / Total Number of Orders) x 100%
8. Capacity Utilization Rate = (Actual Output / Potential Output) x 100%
9. Total Cost of Logistics (TCL) = Transportation Cost + Warehousing Cost + Inventory Cost
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thanh purchased a stock last year for $25 per share. the stock increased in value to $29 per share before declining to its current value of $20. thanh has decided to sell the stock, but only if he can receive $25 per share or better. this behavior best illustrates which one of the following characteristics?
Answers
The behavior exhibited by Thanh, where he decides to sell the stock only if he can receive $25 per share or better, illustrates the characteristic known as "anchoring bias."
This bias refers to the tendency of individuals to rely heavily on the initial information they receive when making decisions, even if it may not be the most relevant or rational consideration.
In this case, Thanh's anchor point is the original purchase price of $25 per share. Despite the stock's increase in value to $29 per share and subsequent decline to $20, Thanh is still fixated on his initial purchase price and seeks to sell the stock only if he can recoup that amount or obtain a higher price.
This behavior demonstrates how individuals can be influenced by an arbitrary reference point and may make decisions based on it, even when market conditions and other factors suggest a different course of action.
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What's the difference between product and brand?
Answers
Answer:
A product is made by a company and can be purchased by a consumer in exchange for money while brands are built through consumer perceptions, expectations, and experiences with all products or services under a brand umbrella. For example, Toyota's product is cars. ... Without a product, there is no need for a brand.
A contribution is considered conditional if the donor agreement includes a barrier that the not-for-profit (NFP) must overcome before being entitled to the contribution. Which of the following would not indicate that a barrier exists?
A) A stipulation limiting the discretion a NFP has to conduct an activity.
B) A stipulation that the NFP must use the contribution to support the mission of the organization.
C) A stipulation that the NFP must achieve a specified level of service or a specific outcome.
D) A stipulation that the NFP must report a summary of the results from a research grant.
Answers
The following would not indicate that a barrier exists : A stipulation that the NFP must use the contribution to support the mission of the organization.
What is organization?An organization refers to a group of people working together, such as a neighborhood association, charity, union, or business. The word organization can be used to refer to a group of forming something. We all know what an organization is - see an example: Tata Motors, Goldman Sachs, Amazon, Australian Government, International Monetary Fund, Amnesty International, FIFA and more. But being organized can have a positive effect on your health and make you feel happier and more relaxed. Confusion can ruin your life. It can lead to increased stress levels and depression. Disruption can pose a physical threat, pose a fire hazard, and cause mold and dust buildup.To learn more about organization from the given link :
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What is gross pay?
when the cost of living rises
salary before taxes
salary after taxes
legal payment for work completed
Answers
Why do you feel we should choose to hire you over other candidates?*
1
Answers
Answer:
Because you have a unique skill that they will need.
Explanation:
The production era marked a time when companies were able to increase their profits because they were able to decrease their production costs.
True
False
Answers
Answer:
true
Explanation:
it was the time of the production line making it easy to make expensive things with people that are lower skilled and cheaper overall
Answer:
True
Explanation:
have a good day
The organization established by Congress to narrow the options in cost accounting that are available under generally accepted accounting principles is the:
a. Cost Accounting Standards Board.
b. Financial Accounting Standards Board.
c. Public Company Accounting Oversight Board.
d. Securities and Exchange Commission.
Answers
Congress established the Cost Accounting Standards Board to impose limitations on cost accounting options that are compliant with generally accepted accounting standards.
Congress created the Cost Accounting Standards Board to limit the cost accounting choices that can be used in accordance with generally accepted accounting principles. The U.S. federal government agency known as the Cost Accounting Standards Board (CASB) is in charge of promulgating cost accounting regulations that apply to businesses who sign contracts with the government of the United States to provide products or services.
A private sector organization known as the Financial Accounting Standards Board (FASB) is in charge of creating generally accepted accounting principles (GAAP) for American businesses.
b. Public Company Accounting Oversight Board: The Sarbanes-Oxley Act of 2002 established the PCAOB, a private sector organization, to supervise the auditing of public businesses.
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Why do you think people start their business? EXPLAIN
Answers
Answer:
People start their own businesses for a variety of reasons. Some people may be looking to take control of their professional lives and create a career path that is tailored to their individual goals. Others may have an idea that they believe could be successful and have the entrepreneurial drive to make it happen. Starting a business can also provide an opportunity to make a living while doing something that you are passionate about. Additionally, many people start businesses in order to create a financial legacy and provide for their families. Ultimately, the reasons for starting a business vary from person to person but often involve a combination of professional, financial, and personal goals.
Explanation:
Answer-people should start their own business it has many reasons.
I think it is more flexible because we can work in our own hours and we can spend more times without family and friends and we can do whatever with think we don't need to work under someone else and we can make rules what we want there is no need to work under someone else and there will be no boundation of timings like this I think there's a lot of reason and profit to start our own business instead of working under someone others business so I think it will be a great plan to start our own business it will be more profitable.
Thank you
that's all.
A new business is likely to need what bank service(s)? *
Answers
Answer:
Checking Account tell me if i'm wrong
Explanation:
37. vertigo, inc., has a 2021 net code section 1231 loss of $ 64,000 and had a â 22,000 net code section 1231 gain in 2020. for 2021, vertigo's net code section 1231 loss is treated as:
Answers
Section 1231 gains and losses are calculated by subtracting the total amount of Section 1231 losses from the total amount of Section 1231 gains in a tax year. Section 1231 assets are depreciable business assets such as machinery, buildings, and land that are held for more than one year and used in a trade or business.
In order to determine how the net Section 1231 loss will be treated, we need to calculate the overall net Section 1231 gain or loss for the past three years (2021, 2020, and 2019). If the overall result is a net Section 1231 gain, then the net Section 1231 loss will be treated as an ordinary loss. However, if the overall result is a net Section 1231 loss, then the loss will be treated as a Section 1231 loss.
Assuming that Vertigo, Inc. did not have any Section 1231 gains or losses in 2019, we can calculate the overall net Section 1231 gain or loss for the past three years as follows:
Net Section 1231 gain in 2020 = $22,000
Net Section 1231 loss in 2021 = -$64,000
Overall net Section 1231 loss = -$42,000
Since the overall result is a net Section 1231 loss, the net Section 1231 loss of $64,000 in 2021 will be treated as a Section 1231 loss. This means that the loss can be used to offset any Section 1231 gains in future tax years and can be carried back or forward to other tax years as allowed by law.
In summary, the net Section 1231 loss of $64,000 in 2021 for Vertigo, Inc. will be treated as a Section 1231 loss, which can be used to offset any Section 1231 gains in future tax years and can be carried back or forward to other tax years as allowed by law.
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img world’s products and services are geared toward colleges and students, the students of which may be considered young achievers. this designation can be best described as which influential factor of consumer buying behavior?
Answers
Answer:
Answer: A. Age and life stages
Explanation:
Treasury spot interest rates are as follows: Maturity (years) 1 2 3 4 Spot rate (EAR) 1.4% 2.8% 3.6% 4.5% What is the price of a risk-free zero-coupon bond with 3 years to maturity and a face value of $1,000 (in $)? (answer,0+ decimals)
Answers
Answer: $868
Explanation:
Given the following :
Maturity (years) - - - - - - 1 - - 2 - - - 3 - - - 4
Spot rate (EAR) - - - - 1.4% - 2.8% - 3.6% - - 4.5%
What is the price of a risk-free zero-coupon bond with 3 years to maturity and a face value of $1,000 (in $)?
Face value / ( 1 + spot rate)^p+1
Where P = year
=1000/(1+3.6%)^4
1000 / ( 1 + 0.036)^4
1000/(1.036)^4
1000/1.151964303616
=$868.08245
Two way how the government impacts/affects the economy?
Answers
Explanation:
The government may also adjust spending, tax rates, or introduce tax incentives. ... As a result, these elected members of the government have a great deal of influence on the economy. Fiscal and monetary policies are intended to either slow down or ramp up the speed of the economy's rate of growth
Answer:
adjusting the cost of borrowing money (by lowering or raising the interest rate)
managing the money supply
and controlling the use of credit.
When United Airlines considered putting pilots in its boardroom and when
Northwest Airlines provided their workers an employee ownership system, they
were:
-making outcome statements as part of the planning
-identifying a purpose statement as part of their planning
-making action statements as part of their planning
-testing the type of relationship they had with key inputs
-controlling their employees
Answers
United Airlines and Northwest Airlines demonstrated different aspects of strategic planning. United Airlines considered putting pilots in its boardroom and Northwest Airlines provided an employee ownership system.
These actions reflect elements such as making outcome statements, identifying a purpose statement, making action statements, testing relationships with key inputs, and exercising control over employees.
In the case of United Airlines considering putting pilots in its boardroom, they were making outcome statements as part of their planning. This means that they were envisioning a desired future state where pilots would have a more direct role in decision-making processes. By involving pilots at the board level, United Airlines aimed to improve collaboration and decision-making, ultimately leading to better outcomes for the company.
On the other hand, Northwest Airlines provided their workers an employee ownership system, which aligns with identifying a purpose statement as part of their planning. This action signifies a clear purpose of empowering and involving employees in the company's success. By offering an employee ownership system, Northwest Airlines aimed to create a sense of ownership and motivation among their workers, fostering a stronger commitment to the company's goals.
Additionally, both airlines demonstrated the aspect of making action statements as part of their planning. United Airlines proposed the action of including pilots in the boardroom, while Northwest Airlines implemented the action of introducing an employee ownership system. These action statements indicate a proactive approach towards realizing their strategic objectives.
Furthermore, the actions of both airlines can be seen as testing the type of relationship they had with key inputs. United Airlines explored the potential benefits of a closer relationship with pilots by considering their involvement in the boardroom. Northwest Airlines, on the other hand, assessed the impact of an employee ownership system on their workforce dynamics and performance. These actions allowed both companies to evaluate and adjust their relationships with important stakeholders.
Lastly, while the given information does not explicitly mention employee control, it can be inferred that Northwest Airlines' implementation of an employee ownership system indicates a level of control over their employees. By offering ownership shares, the company granted employees a certain degree of influence and control in decision-making processes, potentially increasing their commitment and loyalty.
In summary, United Airlines and Northwest Airlines exhibited different elements of strategic planning. United Airlines focused on making outcome statements and testing relationships with key inputs by considering pilot involvement in the boardroom. Northwest Airlines identified a purpose statement by implementing an employee ownership system, while also making action statements to drive their strategic objectives. The actions taken by both airlines also suggest a level of control over employees, albeit in different ways.
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The lowest rate of return is required by which type of investor or lender?
A. Bank B. Preferred stockholder
C. Common stockholder D. Bondholder
Answers
The lowest rate of return is required by the type of investor or lender is "Bank". The correct option is A.
The rate of return is the rate in which the company gets profit on an investing or investment. The rate of return comprises the value of investment or the cash flow that the investor gets from that investment.
The rate of return is calculated by the formula which states the rate of return is equal to the value of final value minus initial value upon the initial value. The rate of return formula in the final value is including the dividends and interest.
So, that the low or low interest is taken from the borrower is bank.
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thomas longbow is the only employee of presido, incorporated during the first week of january, longbow earned $2,000.00 and had federal and state income tax withholdings of $100.00 and $37.50, respectively. fica taxes are 7.65% on earnings up to $132,900. state and federal unemployment taxes for the period are $125.00 and $20.00, respectively. what is presido's payroll tax expense for the week?
Answers
Presido's payroll tax expense for the week is $282.15.
What is tax?Tax is a mandatory financial charge or some other type of levy imposed upon a taxpayer by a governmental organization in order to fund various public expenditures. The two most common types of taxes are income taxes and sales taxes. Income taxes are based on the taxpayer’s income and are typically paid annually. Sales taxes are based on the purchase price of goods and services and are typically paid at the time of purchase. Other taxes, such as property taxes, are based on the value of property owned by the taxpayer and are typically paid annually.
Taxation is an important source of revenue for governments, enabling them to fund public services and meet their financial obligations
This includes the federal and state income tax withholdings of $100.00 and $37.50, respectively, as well as the FICA taxes of $45.15 (7.65% of $2,000), the state unemployment tax of $125.00, and the federal unemployment tax of $20.00. The total payroll tax expense can be calculated as follows:
$100.00 (federal income tax withholdings) + $37.50 (state income tax withholdings) + $45.15 (FICA taxes) + $125.00 (state unemployment tax) + $20.00 (federal unemployment tax) = $282.15
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