You have decided to start a business. What will you sell? Identify the three forms of business

Question:

You have decided to start a business. What will you sell? Identify the three forms of business organization you could choose and describe their characteristics. Which form of business is best for your business and why?

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

Step by Step Answer:

Related Book For answer-question

Fundamental Accounting Principles Volume I

ISBN: 978-1260305821

16th Canadian edition

Authors: Kermit Larson, Tilly Jensen, Heidi Dieckmann

See More Books

Question Posted: Dec 06, 2019 10:30 AM

See More Questions

You and four of your closest friends have decided to start a business that will purchase from banks and other financial institutions high-risk, subprime mortgage loans that are in default. You...
Maria Gutierrez and Devin Duzan recently graduated from the same university. After graduation they decided not to seek jobs at established organizations but, rather, to start their own small business...
Nancy Pinedo and Justin Johnson recently graduated from the same university. After graduation they decided not to seek jobs at established organizations but, rather, to start their own small business...
A coil with 190 turns, a radius of 5.0 cm, and a resistance of 12 Î© surrounds a solenoid with 230 turns / cm and a radius of 4.5 cm (Fig. 21-65). The current in the solenoid changes at a...
A student in your class claims that magnesium oxide actually consists of Mg+ and O- ions, not Mg2+ and O2- ions. Suggest some experiments one could do to show that your classmate is wrong
Radio stations, tornado sirens, light houses, and street lights are all public goods in that all are nonrivalrous and nonexclusionary. Therefore why does the government provide tornado sirens, street...
On January 2, 2018, The Register, a science and technology news site based in Britain, published an article revealing the existence of two major bugs leaving virtually all computers and smartphones...
The following partial work sheet is taken from Kevin's Gift Shop for the year ended December 31, 20--. The ending merchandise inventory is $50,000. 1. Complete the Adjustments columns for the...
Consider the HMM where the underlying Markov chain is given by the state transition diagram below. The observations are such that the true state is observed 50% of the time and each other state is...
1. What type of MBTI decision style do you think Cynde has? Explain. 2. Based on your answer to question 1, what are Cyndes strengths and blind spots when making important decisions? 3. Help Cynde...
On January 1, 2020, Fireworks Fantasia entered its third year of operations. On December 31, 2020, Wes Gandalf, the owner, finalized the company?s records that showed the following items. The ending...
Part A: 1. Refer to Appendix III at the end of the textbook for the December 31, 2017, balance sheet for WestJet, a Canadian airline based in Calgary. What types of assets does WestJet have? 2. To...
Compare and contrast alpha testing and beta testing.
In the Figure below, the density of fluid 1, p=700 kg/m and the density of fluid 2, p2=950 kg/m In addition, h=0.9 m and h=0.75 m. Assume g=9.81 m/s and Patm = 101.3 kPa. By first writing the...
There are two identical wind turbines. The speed ratio of these wind turbines is as given below: Speed of Turbine 1/Speed of Turbine 2 = 1/1.5 What is the ratio of maximum possible power generated by...
Which is a characteristic of current liabilities: O Includes obligations payable within one year O Can be satisfied only with the payment of cash O Does not include obligations to taxing authorities...
The requirements of GAAP relevant to accounting for income taxes are applicable to O Federal income taxes only. O Federal and state income taxes only. Domestic income taxes only. Federal, state,...
Shoppers can rely on fraud protection provided by credit card issuers to protect them from identity theft. O TRUE FALSE 1 point Confidentiality, integrity, and awareness are the three components of...
Len Thomas, the accountant for Lancaster Consulting, prepared the worksheet shown on the next page on a computer spreadsheet but has lost much of the data. The only particular item Thomas can recall...
What is a manufacturing system?
During 2017, Harmony Co. sold $520,000 of merchandise at marked retail prices. At the end of 2017, the following information was available from its records: Use the retail method to estimate Harmonys...
On December 31, 2017, Jen & Mink Clothing (J&M) performed the inventory count and determined the year-end ending inventory value to be $75,500. It is now January 8, 2018, and you have been asked to...
Jozefs Roofing Services showed the following post-closing trial balance after the posting of the closing entries on June 30, 2017: Required 1. Identify the error(s) in the post-closing trial balance....
Sweeten Company had no jobs in progress at the beginning of the year and no beginning inventories. It started, completed, and sold only two jobs during the year-Job P and Job Q. The company uses a...
1. Review the following tracings, identify the type of BBB, and then explain how you determined your answers 2. Review the following tracing. Do you suspect left ventricular hypertrophy? Explain how...
What are signs that its time to cut corners to get the product launched, and what would you cut?

You have decided to start a business. What will you sell? Identify the three forms of business

Question:

Step by Step Answer:

Business organizations can be organized in one of three forms sole proprietorship par...View the full answer

Fundamental Accounting Principles Volume I

Students also viewed these Business questions