Explain how a sole proprietorship differs from a corporation.
Question:
Explain how a sole proprietorship differs from a corporation.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 68% (19 reviews)
A corporation is an artificial l...View the full answer
Answered By
Joseph Mwaura
I have been teaching college students in various subjects for 9 years now. Besides, I have been tutoring online with several tutoring companies from 2010 to date. The 9 years of experience as a tutor has enabled me to develop multiple tutoring skills and see thousands of students excel in their education and in life after school which gives me much pleasure. I have assisted students in essay writing and in doing academic research and this has helped me be well versed with the various writing styles such as APA, MLA, Chicago/ Turabian, Harvard. I am always ready to handle work at any hour and in any way as students specify. In my tutoring journey, excellence has always been my guiding standard.
4.00+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Pete's Pet Products is a sole proprietorship owned by Pete Thompson. The store provides a full-line of pet products, including food, grooming materials, toys, leashes, etc. The company also sells...
-
A sole proprietorship had the following assets and liabilities at the beginning and end of this year. Determine the net income earned or net loss incurred by the business during the year for each of...
-
Agatha is planning to start a new business venture and must decide whether to operate as a sole proprietorship or incorporate. She projects that the business will generate annual cash flow and...
-
Which statement about sociology as a science is true? A) Most sociologists reject the use of the scientific method. B) Sociologists almost always use hypothesis testing in their research. C) Sociolo...
-
Why do you think mergers cluster in time, causing merger waves?
-
The following information is provided for Carla?s Cleaning Company: Additional information: 1. Profit for 2021 was $110,625. 2. Common shares were issued for $53,750. 3. Land with a cost of $53,750...
-
Determine the vertical displacement of joint \(C\). The truss is made from A-36 steel bars having a cross-sectional area of \(150 \mathrm{~mm}^{2}\). Af H F 2 m B -1.5 m 1.5m C 1.5 m-1.5 m 6 kN 6 kN...
-
The return on investment measure may be biased in favor of divisions with older plant and equipment. Explain.
-
A Quincy man was arrested yesterday in connection with his alleged involvement in filing false tax returns on behalf of his company that hid over $10 million in corporate income. Su Nguyen, 60, was...
-
Table 1 shows Apple's online orders for the last week. When shoppers place an online order, several "recommended products" (upsells) are shown as at checkout an attempt to upsell See table 2 in cell...
-
Hal Carrier is experiencing the classic small business cash flow problem. Sales look good and the book balances is always positive, but checks are bouncing. What is causing Hal's cash flow problems?...
-
Many small business owners prefer to borrow money rather than sell equity. Why is this so?
-
Make a rank-order transformation for the scores in problems (a) 2a. (b) 2b.
-
Princeton Enterprises is a diversified cBlasco Distributors has become a large conglomerate. Its board of directors recently concluded that the firm has become so large that it has lost its...
-
You are considering providing a credit facility to a group of businesses, owned by single holding company. The main trading is conducted through the two subsidiary companies, both of which require...
-
In government accounting, what is the the four main bases of accounting is similar to the full accruals basis, but it is simpler because it does not involve the capitalization of fixed assets (nor...
-
Using the financial analysis in this assignment, what is the best business decision that evaluates a growth or ijmprovement opp?
-
Neffer Services Inc. leases access to high-speed computers to small businesses. It provides the following information for the year: Budgeted Actual Overhead cost $2,000,000 $1,900,000 Computer hours...
-
Katsu Corp. distributes property to its shareholders as part of a complete liquidation. The fair market value of the property is $500,000, Katsus adjusted basis in the property is $150,000, and the...
-
A police officer pulls you over and asks to search your vehicle because he suspects you have illegal drugs inside your car. Since he doesn't have reasonable suspicion to search your car, legally he...
-
Whether you hire a part-time or full-time employee, in what ways can you ensure that each type of employee knows and values your companys mission?
-
What are the multiple benefits of hiring virtual employees for your small business? What are some of the ways to manage and foster productivity among your virtual employees? Any drawbacks of these...
-
What are some recommendations you would give Paige Arnof-Fenn, founder and CEO of Mavens & moguls, on how to manage and orchestrate her multiple virtual employees?
-
Required: Martinez Corp's Income statement for the year ended December 31, 2023, had the following condensed information: Service revenue Operating expenses (excluding depreciation) $488,000...
-
The denonimator of a certain fraction is three times the numerator. If two is added to the numerator and subtracted from the denominator, the result is. Find the original fraction.
-
What is the slope of the line that passes through the points (-8,2) and (-11,3) ? Write your answer in simplest form.
Study smarter with the SolutionInn App