Describe the circumstances in which it may make sense for an entrepreneur to operate their business as
Question:
Describe the circumstances in which it may make sense for an entrepreneur to operate their business as a proprietorship rather than as a corporation.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (9 reviews)
If an entrepreneur has a relatively simple business with low liability risk it may be ...View the full answer
Answered By
Rehab Rahim
I am well versed in communicating and teaching in areas of all business subjects. I have helped many students in different ways from answering answers to writing their academic papers.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Understanding Financial Accounting
ISBN: 9781119406921
2nd Canadian Edition
Authors: Christopher D. Burnley
Question Posted:
Students also viewed these Business questions
-
Indicate whether each of the following items will be reported on the statement of financial position (SFP), statement of income (SI), both the statement of financial position and statement of income...
-
Explain how the cost constraint is applied by companies when determining what financial information should be reported.
-
Financial statement information about four different companies is as follows. Instructions a. Determine the missing amounts. For example, to solve for (a), Assets Liabilities = Equity = HK$250,000....
-
You have extracted a trial balance and drawn up accounts for the year ended 31 December 20X7. There was a shortage of 78 on the credit side of the trial balance, a suspense account being opened for...
-
Consider the perturbation treatment of the helium configurations 1s3s, 1s3p, and 1s3d. Without setting up the secular equation, but simply by analogy to the results of Section 9.7, write down the 18...
-
The partnership of Bauer, Ohtani, and Souza has elected to cease all operations and liquidate its business property. A balance sheet drawn up at this time shows the following account balances: Part A...
-
From 2008 to 2015, auto loan rates in the United States declined from around 8% to near historic lows of around 4%. At the same time, auto sales increased dramatically. How, if at all, does this...
-
Kim Hotels is interested in developing a new hotel in Seoul. The company estimates that the hotel would require an initial investment of $20 million. Kim expects that the hotel will produce positive...
-
Consider the following set for n N: F = {f : {1, . . . , n} {0, 1, 2} :1 i n 1, f(i) + f(i + 1)4}. (a) Given a recurrence and boundary conditions for |F|. (b) Solve the recurrence and give an...
-
Calculate the number of days for the workshops. 11 In cell E5, enter a formula to calculate the number of days for the first workshop. Add 1 to the results to include the total number of days,...
-
Cineplex Inc. is currently Canadas largest film exhibition organization, with theatres in six provinces. Excerpts from its 2016 financial statements are in Exhibits 2.24A to 2.24E. EXHIBIT 2.24A...
-
The change in retained earnings from the beginning of the year to the end of the year is the result of net earnings minus dividends for the year. These changes are part of the information presented...
-
In the Baldwin Computer Sales case, visited previously in Chapters 3 and 5, one of the areas of concern regarding the student purchase program was whether defaulting on the computer payments is...
-
We wrap a light, non-stretching cable around a solid cylinder of mass 50 kg and diameter 0.120 m, which rotates in frictionless bearings about a stationary horizontal axis. We pull the free end of...
-
Are Insider trading laws in place to provide a method for insiders (of companies with stocks traded among the public) to trade stock among themselves?
-
Provide explanations/comments in the code. Display screenshots of the running output. FLOWCHART and SOURCE CODE are needed for this. COPY-PASTE codes from the internet are prohibited. Don't ANSWER if...
-
Choose the best definition of residual risk. O Residual risk is the risk to a business process of a cybersecurity leak. O Residual risk is the risk to a business process of a natural disaster, such...
-
Consider the following showing the three-bar assembly. Nodes 1 and 4 are fixed. At node 2, a horizontal force of 50 kN is exerted. The modulus of elasticity of elements 1 and 2 is 200 GPa and that of...
-
Slope Style Snowboarding Company, a public company, purchased equipment on January 10, 2013, for $750,000. At that time, management estimated that the equipment would have a useful life of 10 years...
-
How do network effects help Facebook fend off smaller social-networking rivals? Could an online retailer doing half as much business compete on an equal footing with Amazon in terms of costs? Explain.
-
Explain why preparing the operating activities section using the indirect method is useful in understanding a companys management of its noncash working capital.
-
In general, would you expect a growing, healthy company to report cash provided by or used by its operating, investing, and financing activities? Explain.
-
If a companys free cash flow has declined because of lower operating cash flows and management cannot find ways to improve operating cash flows, what cash flowrelated steps might that company take to...
-
A 1 kg metal block is heated to 200 C and then dropped into a thermally isolated container with 4 kg of water and 100 gr of ice both at a temperature of 0 C. If the specific heat of water is cw=4186...
-
Why are both ER Diagrams and Relational Modeling needed when a database system is developed?
-
Which data model provides a user with the best "program-data independence"? A. Hierarchial Model B. Network Model C. Relational Model D. Entity Relationship Model Why?
Study smarter with the SolutionInn App