Why do you think that three different types of business enterprise (sole traders, partnerships and limited companies)

Question:

Why do you think that three different types of business enterprise (sole traders, partnerships and limited companies) exist?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Accounting

ISBN: 9781119977186

3rd Edition

Authors: Michael J. Jones

See More Books

Question Posted: May 19, 2024 02:05 AM

See More Questions

Building and Construction BSBSMB401 Establish legal and risk management requirements of small business Learner Materials and Assessment Tasks Table of Contents About BSBSMB401 Establish legal and...
1 What are the main components of personal financial planning? Solve What is the purpose of a financial plan? Solve Identify some common actions taken to achieve financial goals. How does a job...
Arcturus Corporation and Aschere Energy, LLC are two companies owned by Leon Parvizian. The companies were Texas corporations based in Dallas that offered and sold interests in gas and oil drilling...
Jake, a single taxpayer, has $100,000 of ordinary income, a $10,000 net short-term capital loss, and $7,000 of qualified dividends. What is the result?
Dicyclohexylcarbodiimide (DCCD) is a reagent that reacts with Asp or Glu residues. Explain why the reaction of DCCD with the c subunits of F1F0 ATPase blocks its ATP-synthesizing activity....
Mountain Home Systems, Inc. is a well-known and reputable supplier of integrated circuits to manufacturers of telecommunications devices. The firm is currently debating whether to expand its sales to...
Make-or-buy product component (Learning Objective 6) Fiber Systems manufactures an optical switch that it uses in its final product. Fiber Systems incurred the following manufacturing costs when it...
Several independent audit situations are presented here. Assume that everything other than what is described would have resulted in an unqualified opinion. Required Indicate the type of opinion you...
Bell Company produces stainless steel drink tumblers, its only product. These tumblers are stamped with company logos and used as promotional items. Following are simplified job cost sheets for two...
Discuss the view that the accounts of partnerships are much like those of sole traders except for the need to share out the equity and profi t between more than one partner.
Bernard Ruegel has drawn up a trial balance which is presented below. You have the following extra information: 1. Closing inventory is 13,206. 2. There are the following amounts owing: advertising...
How can the entrepreneur use debt terms to signal confidence in the venture?
Use logarithm properties to write 12log2y+7logw-15logz as a single logarithm.
Imagine / assume you are running a merchandizing firm with a capital of $100,000-$500,000. You are free to assume / invest within the range of $ 100,000 - $ 500,000, depending on the size of the...
Jack submitted his 2 0 2 1 / 2 2 tax return on 1 December 2 0 2 2 . He deliberately omitted to include a new source of income - rental income - of 1 5 , 0 0 0 as he did not think that HMRC would find...
The quarterly dividend for Tiffany, a jewelry company, was $0.40 during the first quarter of 2016. What was the annual dividend for 2,000 shares at that time? $200 $400 $1,600 $800
A manufacturing company runs two productions centers C1 and C2 and two services centers S1 and S2. The total allocations and apportioned overheads for each is as follows. C1. C2. S1. S2. $. $. $. $...
If an asset is sold at a gain, why is the gain deducted from net income when computing the net cash provided by operating activities under the indirect method?
Proposals have been made to ?sail? spacecraft to the outer solar system using the pressure of sunlight, or even to propel interstellar spacecraft with high-powered, Earth-based lasers. Sailing...
Jacob was hired as the Chief Marketing Officer (CMO) of Theta Corporation, a publicly-traded company in the retail sector, effective July 1, 2022. Throughout the fiscal year 2023, Theta Corporation...
Your company has purchased a large new truck - tractor for over - the - road use ( asset class 0 0 . 2 6 ) . It has a cost basis of $ 1 8 0 , 0 0 0 . With additional options costing $ 1 5 , 0 0 0 ....
A company produces and sells three products. \ table [ [ , Product 1 , Product 2 , Product 3 ] , [ Selling price per unit,$ 1 0 0 , $ 2 0 0 , $ 1 5 0

Why do you think that three different types of business enterprise (sole traders, partnerships and limited companies)

Question:

Step by Step Answer:

Accounting

Students also viewed these Business questions