Donald consulted with Joey, a business analyst, and Joey suggested doing business as a corporation. Briefly...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Donald consulted with Joey, a business analyst, and Joey suggested doing business as a corporation. Briefly discuss three possible advantages and three possible disadvantages of Joey's advice to Donald. b) Which form of business ownership would you recommend for Donald: sole proprietorship, partnership, or corporation? Give at least three reasons to support your answer. Hint: Don't just repeat the advantages and disadvantages of each form. Instead, consider important factors such as the financial resources required, the magnitude of the risk, etc. Donald consulted with Joey, a business analyst, and Joey suggested doing business as a corporation. Briefly discuss three possible advantages and three possible disadvantages of Joey's advice to Donald. b) Which form of business ownership would you recommend for Donald: sole proprietorship, partnership, or corporation? Give at least three reasons to support your answer. Hint: Don't just repeat the advantages and disadvantages of each form. Instead, consider important factors such as the financial resources required, the magnitude of the risk, etc.
Expert Answer:
Posted Date:
Students also viewed these general management questions
-
The Yoran Yacht Company (YYC), a prominent sailboat builder in Newport, may design a new 30-foot sailboat based on the "winged" keels first introduced on the 12-meter yachts that raced for the...
-
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...
-
Question: What as the average weekly safety inventory level of refined sugar from the beginning January 2022 to the end of July 2022? A. 512,465.9691 metric tons per week B. 316,002.1474 metric tons...
-
Swift - iOS Xcode 9.4 Write a function that: - takes in an array of integers and separates each element ofthe array into odd and even numbers - then splits the array into lists that are sorted in...
-
Refer to the financial statements of Canadian Tire Corporation (Appendix A) and RONA Inc. (on Connect) and the Industry Ratio Report (Appendix B on Connect). Required: 1. Compute the ratio of...
-
Suppose that the population model determining y is and this model satisifies Assumptions MLR.1 through MLR.4. However, we estimate the model that omits x3. Let ea pi and 02 be the OLS estimators from...
-
List and briefly explain four advantages of budgeting.
-
1. For a company with operations in a difficult country, what would be the advantages of hiring manager from that country? What would be the disadvantages? 2. What would be the advantages of sending...
-
All of the practices would promote sustainability, particularly of agricultural and food resources, EXCEPT: promoting job growth and innovation within the food industry. having clean water sources...
-
Determine the osmotic pressure of a solution prepared by dissolving 25 mg of K.SO, in 2 liter of water at 25 C, assuming that it is completely dissociated.
-
2) If you strike a pool ball with just the right amount of back spin, it will come to a perfect stop. (a) What is the appropriate relationship between the initial velocity, vi, and the initial...
-
1. Explain how intoxication can affect mental capacity, culpability and defenses to crime. What changes does the brain undergo while subject to intoxication? Should criminal defendants be held...
-
Dr. Foot has been using the name "ACHILLES PILLOW" for his "medical shoe" for the last five years. He wants to register ACHILLES PILLOW as a domain name for his web site. A "whois" search has,...
-
EcoFabrics has budgeted overhead costs of $1,171,800. It has assigned overhead on a plantwide basis to its two products (wool and cotton) using direct labor hours which are estimated to be 558,000...
-
According to section 588G of Corporation Act 2001, when directors make a company incur a debt, and any reasonable director, in the same position, would have known the company would be insolvent if it...
-
Use the Rational Zeros Theorem to find all the real zeros of each polynomial function. Use the zeros to factor f over the real numbers. f(x) = 2x 3 -x 2 +2x-1
-
Why do markets typically lead to an efficient outcome for buyers and sellers?
-
Vernon Enterprises designs and manufactures toys. Past experience indicates that the product life cycle of a toy is three years. Promotional advertising produces large sales in the early years, but...
-
The Baxter Company manufactures short-lived fad-type items. The R \& D Department has developed an item that would be an interesting promotional gift for office equipment dealers. Aggressive and...
-
Drexel Company is considering the purchase of a new machine costing \(\$ 15,000\). The new machine is to be depreciated on the sum-of-the-years'-digits method. The salvage value at the end of 5 years...
Study smarter with the SolutionInn App