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Job Enlargement packaging employee package an entire product to reduce boredom from repetitively doing a single task. The term "job enlargement".
Refers to expanding the scope of a job's responsibilities while generally keeping the same level and boundaries. Job expansion entails combining several organizationally equivalent tasks and adding them to the existing job. Job expansion is defined as adding new duties to an existing role that are on the single task. This implies that a person's current profession will require them to perform more and diverse tasks. For instance, a worker who will now handle her own plans instead of having her manager do it.
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Steve Reese is a well-known interior designer in Fort Worth, Texas. He wants to start his own business and convinces Rob O’Donnell, a local merchant, to contribute the capital to form a partnership. On January 1, 2016, O’Donnell invests a building worth $130,000 and equipment valued at $140,000 as well as $60,000 in cash. Although Reese makes no tangible contribution to the partnership, he will operate the business and be an equal partner in the beginning capital balances.
To entice O'Donnell to join this partnership, Reese draws up the following profit and loss agreement:
- O'Donnell will be credited annually with interest equal to 10 percent of the beginning capital balance for the year
- O'Donnell will also have added to his capital account 15 percent of partnership income each year (without regard for the preceding interest figure) or $7,000, whichever is larger. All remaining income is credited to Reese.
- Neither partner is allowed to withdraw funds from the partnership during 2013. Thereafter, each can draw $5,000 annually or 20 percent of the beginning capital balance for the year, whichever is larger.
The partnership reported a net loss of $8,000 during the first year of its operation. On January 1, 2014, Terri Dunn becomes a third partner in this business by contributing $10,000 cash to the partnership. Dunn receives a 20 percent share of the business's capital. The profit and loss agreement is altered as follows:
- O'Donnell is still entitled to (1) interest on his beginning capital balance as well as (2) the share of partnership income just specified.
- Any remaining profit or loss will be split on a 5:5 basis between Reese and Dunn, respectively.
Partnership income for 2014 is reported as $64,000. Each partner withdraws the full amount that is allowed. On January 1, 2015, Dunn becomes ill and sells her interest in the partnership (with the consent of the other two partners) to Judy Postner. Postner pays $75,000 directly to Dunn. Net income for 2015 is $64,000 with the partners again taking their full drawing allowance On January 1, 2016, Postner withdraws from the business for personal reasons. The articles of partnership state that any partner may leave the partnership at any time and is entitled to receive cash in an amount equal to the recorded capital balance at that time plus 10 percent
a. Prepare journal entries to record the preceding transactions on the assumption that the bonus (or no revaluation) method is used. Drawings need not be recorded, although the balances should be included in the closing entries. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round your answers to the nearest dollar amount.)
b. Prepare journal entries to record the previous transactions on the assumption that the goodwill (or revaluation) method is used. Drawings need not be recorded, although the balances should be included in the closing entries. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round your answers to the nearest dollar amount.)
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Being a mason requires a five-year apprenticeship, a program that requires trainees to work for an experienced mason in order to learn the trade.
A. True
B. False
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It is a false statement that to become a mason requires a five-year apprenticeship,
Who is a mason?These are people that have some skills to carry out some of their responsibilities.
The profession is known as one uses that uses bricks, concrete blocks etc build structures such as walls, walkways, etc
The apprenticeship years for mason varies from people to people, therefore, it is a false statement.
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An energy guide label is NOT required in which of the following items?
Refrigerator
Water heater
Washing machine
Blender
Answers
Answer: i would say a blender
Explanation: most small appliances don't have them
What helps keep inflation under control
Answers
Answer:
money
Explanation:
money does the job oka
Trả lời câu hỏi “vì sao “ dùng phỏng vấn hay anket
Answers
Explain the meaning of environmental scanning. Illustrate with examples the
relevance of technological, political, economic, social, and regulatory environments
in the context of marketing strategy. How managers are involved in environmental
scanning?
Answers
Environmental scanning refers to the process of gathering and analyzing information about the external factors that can impact an organization's business environment.
Technological factors include advancements in technology, such as the rise of e-commerce, mobile applications, or automation, which can create new marketing channels or change consumer behaviors.
Political factors encompass government policies, regulations, and political stability that can impact marketing strategies. For example, changes in trade policies or regulations related to data privacy can influence international marketing activities.
Economic factors include economic conditions, such as inflation rates, exchange rates, or consumer purchasing power, which can affect consumer behavior and demand for products or services.
Social factors refer to societal trends, cultural norms, and consumer preferences that can influence marketing strategies. For instance, shifts in consumer values towards sustainability or increased focus on health and wellness can shape product development and advertising campaigns.
Regulatory factors involve laws and regulations that organizations must comply with, such as consumer protection laws or industry-specific regulations. These can impact marketing activities, advertising content, or product labeling.
Managers play a crucial role in environmental scanning. They are responsible for monitoring and analyzing the external environment, identifying relevant trends and potential opportunities, and making informed decisions based on the insights gained.
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in a 3 - 4 page essay, discuss warren Buffett's approach to business dealings, especially as they relate to business ethics.
Compare that approach to Benie Madoff's.
Apply ethical philosophies that you have learned about in this module and state which you think apply to Mr. Buffett.
Which ethical philosophies apply to Mr. Madoff? Why?
Answers
In this essay, we explore Warren Buffett's ethical approach to business, compare it to Bernie Madoff's, and analyze the applicable ethical philosophies for each.
Here are the steps to be followed:
1. Introduction:
2. Warren Buffett's Approach to Business Dealings and Business Ethics:
Explain Warren Buffett's overall approach to business dealings.Discuss his stance on business ethics, emphasizing any specific principles or values he adheres to.Provide examples or case studies that demonstrate Buffett's ethical decision-making in his business practices.Discuss the impact of his ethical approach on his reputation and long-term success.3. Bernie Madoff's Approach to Business Dealings and Comparison to Buffett:
Describe Bernie Madoff's approach to business dealings, specifically in relation to ethics.Highlight any unethical practices or actions committed by Madoff, such as his infamous Ponzi scheme.Compare and contrast Madoff's approach to Buffett's approach, pointing out the key differences in their ethical standards and behaviors.Discuss the consequences of Madoff's unethical actions, including the financial losses and damage to investors.4. Application of Ethical Philosophies to Warren Buffett:
Introduce the ethical philosophies that you have learned in the module.Identify which ethical philosophies apply to Warren Buffett based on his approach to business dealings.Explain why you believe these philosophies are applicable and provide supporting evidence or examples from Buffett's actions or statements.Discuss the implications and benefits of Buffett aligning with these ethical philosophies.5. Ethical Philosophies Applicable to Bernie Madoff and Reasons:
Analyze the ethical philosophies that can be applied to Bernie Madoff's actions.Discuss which ethical philosophies are relevant to understanding Madoff's unethical behavior.Provide justifications and explanations for the selected ethical philosophies, considering how they align with Madoff's actions or motivations.Reflect on the consequences of Madoff's departure from ethical principles.6. Conclusion:
Summarize the key points discussed in the essay regarding Warren Buffett's approach to business dealings and ethics, as well as the comparison to Bernie Madoff.Emphasize the importance of ethical decision-making in business and the long-term implications it can have.Offer any final thoughts or insights on the topic.Remember to support your arguments with evidence, examples, and references to credible sources. Properly cite any sources used in your essay according to the appropriate citation style.
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Why do companies wish to have financial slack?
Answers
This extra money is available to help a company survive difficult times, such as decreases in sales, revenues or profits
Mark Goldsmith's broker has shown him two bonds issued by different companies. Each has a maturity of 4 years, a par value of $1000, and a yield to maturity of 8.70. The first bond is issued by Crabbe Waste Disposal and has a coupon interest rate of %6.315 paid annually. The second bond, issued by Malfoy Enterprises, has a coupon interest rate of 8.90 % paid annually.
a. Calculate the selling price for each of the bonds.
Answers
1. Selling Price of Bond 1 issued by Crabbe Waste Disposal = $1031.08
2. Selling Price of Bond 2 issued by Malfoy Enterprises = $1269.50
How can we calculate the selling price (SP) for each bond?Bond 1: Issued by Crabbe Waste Disposal
Coupon Interest Rate (CIR) = 6.315%
Yield to Maturity (YTM) = 8.70%
Maturity (n) = 4 years
Par Value (PV) = $1000
To calculate the selling price of Bond 1, we can use the following formula:
SP = (CIR/100) * PV + [(PV - (CIR/100) * PV) / (1 + YTM/100)^n]
Putting the values:
CIR = 6.315%
PV = $1000
YTM = 8.70%
n = 4 years
SP for Bond 1 = (6.315/100) * 1000 + [(1000 - (6.315/100) * 1000) / (1 + 8.70/100)^4]
SP = $632.36 + $398.72
Selling Price of Bond 1 issued by Crabbe Waste Disposal = $1031.08
Bond 2: Issued by Malfoy Enterprises
Now, let's calculate the selling price for Bond 2 issued by Malfoy Enterprises.
Coupon Interest Rate (CIR) = 8.90%
Yield to Maturity (YTM) = 8.70%
Maturity (n) = 4 years
Par Value (PV) = $1000
Using the same formula as above:
SP = (CIR/100) * PV + [(PV - (CIR/100) * PV) / (1 + YTM/100)^n]
Putting the values:
CIR = 8.90%
PV = $1000
YTM = 8.70%
n = 4 years
SP of Bond 2 = (8.90/100) * 1000 + [(1000 - (8.90/100) * 1000) / (1 + 8.70/100)^4]
SP = $889 + $380.50
Selling Price of Bond 2 issued by Malfoy Enterprises = $1269.50
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Identifying the effects of a transaction
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Answer: All transactions are recorded in the books of accounts on the basis of the dual-aspect concept.
Explanation: A transaction is a completed agreement between a buyer and a seller to exchange goods, services, or financial assets in return for money. The term is also commonly used in corporate accounting. In business bookkeeping, this plain definition can get tricky.
Thus, every transaction affects at least two accounts in opposite directions. There can be no transactions in a business that affect only one account or have only one aspect because the double-entry system of accounting is followed while recording the transactions in the books of accounts. For example, if furniture is purchased for cash, the transaction will affect two accounts. i.e. Furniture A/c, as furniture is increased and Cash A/c as cash is decreased.
Each transaction has two effects on a balance sheet - one that increases an asset and one that decreases a liability. These two effects cancel each other out, so the balance sheet always remains in balance.
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the impact of monitoring and evaluating quality process on the motor industry
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Impact of monitoring and evaluating quality process on the motor industry is improved product quality and customer satisfaction.
How does monitoring and evaluating quality processes helps?Monitoring and evaluating quality processes in the motor industry can have a significant impact on product quality and customer satisfaction. By closely monitoring the production process, manufacturers can identify any issues or defects early on and take corrective actions to ensure that the final product meets the desired quality standards.
This can help to reduce the number of defective products and improve customer satisfaction by delivering high-quality products that meet their expectations. So. it also help to identify areas where production can be made more efficient which leads to cost savings and increased profitability.
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6. Suppose that the consensus forecast of security analysts of your favorite company is that earnings next year will be $5.00 per share. The company plows back 50% of its earnings and if the Chief Financial Officer (CFO) estimates that the company's return on equity (ROE) is 16%. Assuming the plowback ratio and the ROE are expected to remain constant forever: Suppose that you are confident that 10% is the required rate of return on the stock. What does the market price of $50.00 per share imply about the market's estimate of the company's expected return on equity? (please give a number) 1 point
Answers
10.0000%, market price of $50.00 per share imply about the market's estimate of the company's expected return on equity.
The given amount is;
The market price of $50.00 per share.The company's expected return on equity is 10%.ROE x blowback ratio16.0000% x 50.0000%8.0000%Because the needed rate of return to the stock is 10%, the market's assessment of the company's expected return on equity is greater than that derived using the plowback ratio and the ROE.
As a result, the significance of the market price of $50.00 per share imply about the market's estimate of the company's expected return on equity are the aforementioned.
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What is the purpose of every item in the SHARKS mnemonic?
Answers
The purpose of every item in the SHARKS mnemonic is:
S – state the agenda before you start your meeting;
H – hijackers will be at your meeting, so watch out;
A - adding relevant information is the key to a good meeting;
R – repeat the agenda at the end of the meeting;
K - keep the meeting small and short;
S - scheduling should be outside the meeting.
What is the significance of a mnemonic?A mnemonic can be referred to or considered as a tool of the English language wherein the initial letters of a concept are used to easily memorize the concept effectively.
In the given condition above, the mnemonic of SHARK is used as an effective memory tool for memorizing the purpose behind each initial in a meeting of intelligence department.
Therefore, the significance regarding mnemonic is aforementioned.
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Retail chains try to design their store environments and layouts so as to make shopping as enjoyable and easy as possible and thereby encourage consumers to linger and make purchases. This most relates to
Answers
When Retail chains designed their store environments and layouts to make shopping enjoyable and easy, its most relates to physical environment.
Retails chains refers to chain of stores that sell similar items and under the control of the head office.
A very good example of Retails chains includes Wal-Mart, Target etc.
Usually, retails chains (like Wal-Mart, Target) designed their store environments to make shopping very enjoyable and easy for the customers.
Therefore, the operation most relates to physical environment.
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when restrictive government polocoes do not exist or when industries become deregulated, ther _ of entry is high.
Answers
Answer: threat
Explanation:
When restrictive government policies don't exist or when the industries become deregulated, then the threat of entry is high.
It should be noted that when there's entry of new competitors in an industry that offers same goods or services, then the competitive position of the company will be at risk. Therefore, the threat of new entrants refers to the ability of new companies to enter into an industry.
In such case, since there's no restriction of government policies, then the threat of entry will be high.
What steps will allow you to use the Keep Together property to ensure that none of the records are broken between two pages when they are printed?
Answers
Answer: 1. design
2. property sheet
3. yes
Explanation: just did it
3. Describe the SWOT analysis, its components, and how it aids a company in making strategic decisions. Provide examples of each component in the SWOT analysis.
Answers
The 15-year average return for the S&P 500 from January 1973 to December 2016 (29 separate 15 year periods) was as high as a 20% average annual return and as low as a 3.7% average annual return. Additionally, the average dividend yield for the S&P is 4.11% and the average annual dividend growth rate is 6.11%.
Using this information, please compare the investment in the 5% 15-year corporate bond with a $100,000 investment in a stock with a 3.7% dividend yield (10 percent less than the S&P 500 average yield) and a 3% dividend growth rate (50 percent of the S&P 500 dividend growth rate).
The annual investment returns are as follows:
Year 1 (13.40%) Year 2 (23.37%) Year 3 26.38% Year 4 8.99%
Year 5 3.00% Year 6 13.62% Year 7 3.53% Year 8 (38.49%)
Year 9 23.45% Year 10 12.78% Year 11 0.00 Year 12 13.41%
Year 13 29.60% Year 14 11.39% Year 15 (0.73%)
The bond interest payment of 5 percent is paid annually and not reinvested. To compare accurately with the bond investment, the stock dividend will not be reinvested, but paid annually as well.
Please calculate the value of the stock account at the end of each year and the dividend income from the stock on an annual basis.
Once you have performed the calculations, please let me know if you prefer to invest in a 5% corporate bond for 15 years or the stock and why.
What is the value of the stock after year 2? Year 8? Year 11? When does the annual dividend income of the stock exceed the annual interest income of the bond?
Answers
1. The value of the stock account after Year 2 is $155,401.626.
2. The value of the stock account after Year 8 is $96,110.0674.
3. The value of the stock account after Year 11 is $96,110.0674.
4. The annual dividend income of the stock exceeds the annual interest income of the bond at the end of Year 15.
Bond interest rate: 5%
Stock dividend yield: 3.7% (10% less than S&P 500 average yield)
Stock dividend growth rate: 3% (50% of S&P 500 dividend growth rate)
We'll assume an initial investment of $100,000.
Year 1:
Bond interest income: $100,000 * 0.05 = $5,000
Stock dividend income: $100,000 * 0.037 = $3,700
Value of stock account: $100,000 + ($100,000 * 0.2337) = $123,370
1. Year 2:
Bond interest income: $100,000 * 0.05 = $5,000
Stock dividend income: $100,000 * 0.037 = $3,700
Value of stock account: $123,370 + ($123,370 * 0.2638) = $155,401.626
2. Year 8:
Bond interest income: $100,000 * 0.05 = $5,000
Stock dividend income: $100,000 * 0.037 = $3,700
Value of stock account: $155,401.626 + ($155,401.626 * (-0.3849)) = $96,110.0674
3. Year 11:
Bond interest income: $100,000 * 0.05 = $5,000
Stock dividend income: $100,000 * 0.037 = $3,700
Value of stock account: $96,110.0674 + ($96,110.0674 * 0) = $96,110.0674
4. At the end of Year 15, the dividend income of the stock exceeds the interest income of the bond.
Stock dividend income: $100,000 * 0.037 = $3,700
Bond interest income: $100,000 * 0.05 = $5,000
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Please answer the questions in the photo
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2. The types of businesses that market their goods are businesses that would want to reach a larger consumer base for their products
The businesses that market goodsVarious types of businesses market goods and services. These businesses can be classified based on the nature of the products or services they offer, the target market they serve, or the way they sell their goods and services.
One way to classify businesses is by the products or services they offer, such as:
Consumer goods: These are products meant for personal or household use, such as clothing, electronics, or food. Examples of businesses that market consumer goods include Walmart, Best Buy, and McDonald's.
Business-to-business (B2B) goods: These are products or services that companies sell to other businesses. Examples include raw materials, office supplies, and consulting services. Businesses that market B2B goods include Staples, Accenture, and Grainger.
Services: These are non-tangible offerings, such as healthcare, education, or banking. Examples of businesses that market services include hospitals, universities, and Bank of America.
Another way to classify businesses is by the way they sell their goods or services, such as:
Brick-and-mortar: These are businesses with a physical location where customers can come to buy products or services. Examples include Target, Starbucks, and Home Depot.
E-commerce: These are businesses that sell products or services through the internet, such as Amazon, eBay, and Etsy.
Direct sales: These are businesses that sell products or services directly to consumers, often through home-based sales parties or personal consultations. Examples include Avon, Mary Kay, and Tupperware.
3. If you're interested in starting a retail business, here are some types of retailers and their pros and cons to consider:
Brick-and-mortar store: This is a traditional retail store with a physical location. Pros include the ability to offer a personalized shopping experience, the opportunity to connect with the local community, and the ability to display products for customers to see and touch. Cons include the high overhead costs of renting or owning a storefront, the need to hire and manage employees, and the risk of losing business to online competitors.
E-commerce store: This is a retail business that operates exclusively online. Pros include the ability to reach a wider customer base, the convenience of shopping from home, and the lower overhead costs of not needing a physical storefront. Cons include the need to invest in website design and development, the difficulty of standing out among competitors, and the challenges of managing shipping and returns.
Pop-up store: This is a temporary retail location that can be set up in various places, such as a mall or a street corner. Pros include the ability to test the market and experiment with different locations, the flexibility of not being tied to a long-term lease, and the opportunity to create buzz and excitement around the brand. Cons include the need to constantly move and set up shop, the challenges of finding a suitable location, and the risk of not generating enough revenue during the limited time period.
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PLEASE HELP!! Retirement plans-
Under what circumstances is it better to be taxed later(when you retire and draw money from your account) instead of now?
Answers
Answer:
Though retirement may seem far off, saving for it as early as possible will ensure you have enough money to get you through your retirement years. In addition, investing benefits from compounding returns, which will increase your money more over a longer period of time.
Why is international employment important? How does it help for economic development of the country? classify
Answers
Explanation:
Going from one country to another country for job and to earn money is called foreign employment. People of Nepal go to different countries of the world for jobs and earn.
The important of foreign employment are :
Country can get lots of foreign currency as the remittance which can be establish industries in the country. Foreign employment reduces the unemployment problem of a country.I hop it will help you so. ✌✌✌✌
Higher education typically has a positive return on investment because
many of the classes you will take will help you see the world in a new way
jobs and careers that require a degree or certificate generally earn higher
salaries
you can earn credits over the summer and finish school early
you will form some long lasting friendships that will have a positive impact on
your life
Answers
Over the course of your career, the salary that will earn with such a degree will cover your college expenses. To pay for postsecondary education, you can seek grants and scholarships.
What 3 categories of scholarships are there?Merit-based scholarships, demand scholarships, & athletic scholarships are typical types of college financial aid.
How do I become a full scholarship winner?full-ride financial aid for education: Have the highest GPA in your class, enroll in AP and honors courses, and achieve perfect (or really near to flawless) SAT as well as ACT scores. Having leadership qualities or community involvement is advantageous in addition to academic achievement (see below).
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A benefit of a monopoly is：
a. greater creativity by authors who can copyright their novels.
b. a wide variety of similar products.
c. decreasing long-run average total costs.
d. lower prices.
Answers
A benefit of a monopoly is: a. greater creativity by authors who can copyright their novels.
What is monopoly?Because they give artists and innovators the chance to acquire exclusive rights and financial rewards through intellectual property rights, such as copyright protection, monopolies may be an incentive for creativity and innovation.
Knowing that they may enjoy exclusive ownership and possible financial advantage from their works might motivate authors to invest in producing original and distinctive works.
Therefore the correct option is A.
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HCC, Inc., expects its dividends to grow at 25 percent per year for the next seven years before levelling off to a constant 3 percent growth rate. The required return is 11 percent. What is the current stock price if the annual dividend per share that was just paid was $1.05
Answers
Answer:
the current stock price is $43.21
Explanation:
The computation is shown below:
Last Dividend = D0= $1.05
Required Return = rs = 11.00%
The growth rate for the next 7 years = 25%
Growth rate = 3%
Now
D1 = $1.0500 × 1.25 = $1.3125
D2 = $1.3125 × 1.25 = $1.6406
D3 = $1.6406 × 1.25 = $2.0508
D4 = $2.0508 × 1.25 = $2.5635
D5 = $2.5635 × 1.25 = $3.2044
D6 = $3.2044 × 1.25 = $4.0055
D7 = $4.0055 × 1.25 = $5.0069
D8 = $5.0069 × 1.03 = $5.1571
Now
P7 = D8 ÷ (rs - g)
P7 = $5.1571 ÷ (0.11 - 0.03)
P7 = $64.4638
Now
P0 = $1.3125 ÷ 1.11 + $1.6406 ÷ 1.11^2 + $2.0508 ÷ 1.11^3 + $2.5635 ÷ 1.11^4 + $3.2044 ÷ 1.11^5 + $4.0055 ÷ 1.11^6 + $5.0069 ÷ 1.11^7 + $64.4638 ÷ 1.11^7
P0 = $43.21
Hence, the current stock price is $43.21
In 2017, Lippart & Sons, a small environmental-testing firm, performed 11,000 radon tests for $330 each and 15,000 lead tests for $240 each. Because newer homes are being built with lead-free pipes, lead-testing volume is expected to decrease by 15% next year. However, awareness of radon-related health hazards is expected to result in a 7% increase in radon-test volume each year in the near future. Jim Lippart feels that if he lowers his price for lead testing to $220 per test, he will have to face only a 4% decline in lead-test sales in 2018.Required:a. Prepare a 2018 sales budget for Hart & Sons assuming that Hart holds prices at 2017 levels. b. Prepare a 2018 sales budget for Hart & Sons assuming that Hart lowers the price of a lead test to $200.
Answers
Answer:
1.Radon Tests $3,884,100
Lead Tests $3,060,000
2.Radon Tests $3,884,100
Lead Tests $2,880,000
Explanation:
1.Preparation for 2018 sales budget for Hart & Sons
Lippart & Sons, 2017 Volume At 2017; Selling Prices
Radon Tests 11,000 $330
Lead Tests 15,000 $240
2018 Expected Change in Volume
Radon Tests 11,000 +7%
Lead Tests 15,000 -15%
Expected 2018 Volume
Radon Tests 11,000 *7% =$770
(11,000 +770)=$11,770
Lead Tests 15,000 *15%=$2,250
15,000-2,250=$12,750
Lippart & Sons Sales Budget For the Year Ended December 31,2018
Selling Price ×Units Sold = Total Revenues
Radon Tests 11,770*330=$3,884,100
Lead Tests 12,750*240=$3,060,000
2.1.Preparation for 2018 sales budget for Hart & Sons
Lippart & Sons, 2017 Volume At 2017; Selling Prices
Radon Tests 11,000 $330
Lead Tests 15,000 $200
2018 Expected Change in Volume
Radon Tests 11,000 +7%
Lead Tests 15,000 -4%
Expected 2018 Volume
Radon Tests 11,000 *7% =$770
(11,000 +770)=$11,770
Lead Tests 15,000 *4%=$600
15,000-600=$14,400
Lippart & Sons Sales Budget For the Year Ended December 31,2018
Selling Price ×Units Sold = Total Revenues
Radon Tests 11,770*330=$3,884,100
Lead Tests 14,400*200=$2,880,000
Required Materials
Word processing software
Imagine you and a friend are in college. You decide you want to open a coffee shop on campus next to the university’s dining room. You make your appeal to the administration by expressing how having a coffee shop on university grounds will help fellow students save time and money since they will not have to go off campus to purchase their favorite hot beverages and baked goods. The administration is open to the idea and praises your entrepreneurial spirit. They ask you to research the business ownership structure that would be most appropriate by comparing and contrasting the structures, and report back to them in two weeks.
Follow these steps to complete this activity. You will create a chart, a Venn diagram, and a report based on the directions below.
Step 1: Compare and Contrast Chart
Create a compare and contrast chart of the following business structures:
sole proprietorship
partnership
limited liability corporation
Include at least three advantages and disadvantages of each structure, including the legal implications of each ownership structure.
Step 2: Create a Venn diagram
Create a Venn diagram transferring the details from the chart.
Identify those characteristics that are similar in the cross section.
Place contrasting characteristics in the outer rings.
Step 3: Compile a Report
Determine which structure would be most appropriate for the coffee shop.
Compile a report identifying the structure you chose.
Provide three reasons explaining your choice.
Answers
The steps are given below
Business Structure Advantages Disadvantages
Sole Proprietorship Easy to start and manage Unlimited personal liability
Full control over business operations Limited access to capital and credit
Profits are taxed as personal income Difficulty attracting top talent
Partnership Shared management and financial responsibility Unlimited personal liability
Ability to share risk and expertise Potential for disputes between partners
Flexibility in decision making Profits are taxed as personal income
Limited Liability Company Limited personal liability for owners More complex and expensive to set up than other structures
Flexible taxation options Less flexibility in ownership and management structure
Enhanced credibility and access to funding Compliance requirements and ongoing administrative tasks
Step 3: Compile a Report
After considering the advantages and disadvantages of each business structure, we recommend the limited liability company (LLC) for the coffee shop.
First, an LLC provides limited personal liability for owners, meaning that personal assets are protected from business liabilities.
Second, an LLC offers flexibility in taxation options, allowing the business to choose between being taxed as a partnership or a corporation. Lastly, an LLC can enhance the credibility of the business, making it easier to attract funding from investors or lenders.
Overall, an LLC provides the necessary protection and flexibility for the coffee shop to operate successfully while minimizing personal risk.
Read more about reports here:
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Why is it important to stick to a study schedule even if you are caught up with everything? a It guarantees higher grades on your exams. b It helps to create good study habits. c It is time set aside so you can take a break from watching television. d It gives you more time to play your favorite game without interruption.
Answers
Answer:
Explanation:
B - It helps to create good study habits.
The sustainable growth rate: Multiple Choice assumes the debt-equity ratio is variable. is normally higher than the internal growth rate. assumes the dividend payout ratio is equal to zero. assumes there is no external financing of any kind. is based on receiving additional external equity financing.
Answers
Answer:
assumes there is no external financing of any kind.
Explanation:
Sustainable growth rate is an economic term that is used to describe the maximum rate of development in which a firm or corporation can provide for without necessarily needing to seek for external source of finance such as more equity or debt for the growth.
Hence, in this situation, the correct answer is that the sustainable growth rate assumes there is no external financing of any kind.
Several years ago, a parent company acquired all of the outstanding common stock of its subsidiary for a purchase price of $400,000. On the acquisition date, this purchase price was $100,000 more than the subsidiary's book value of Stockholders' Equity. The AAP was entirely attributable to Goodwill. Since the date of acquisition, the subsidiary has reported cumulative net income of $400,000 and paid $50,000 of dividends to its parent company. Compute the balance of the Equity Investment account on the parent's pre-consolidation balance sheet assuming that the Goodwill asset has not declined in value subsequent to the date of acquisition.
Answers
Answer:
$750,000
Explanation:
Computation of the balance of the Equity Investment account on the parent's pre-consolidation balance sheet
EQUITY INVESTMENT ACCOUNT
Purchase price $400,000
Add Net income $400,000
Less Dividends ( $50,000 )
Balance of equity $750,000
($400,000+$400,000-$50,000)
Therefore the balance of the Equity Investment account on the parent's pre-consolidation balance sheet assuming that the Goodwill asset has not declined in value subsequent to the date of acquisition will be $750,000
12. Regarding business cycles, a boom refers to:
a) A period during which aggregate output declines.
b) The period in the business cycle from a trough up to a peak during which output, and
employment grow.
c) The period in the business cycle from a peak down to a trough during which unemployment
and inflation fall.
d) A prolonged increase in the output level.
For questions 13 and 14, consider the following labour market data for a hypothetical economy:
+16 age population at working age: 100
Number of people in the labour force: 50
Number of unemployed people: 5
Number of people informally employed: 2
13. What is the labour force participation rate?
a) 50% b) 10% c) 40% d) 60%
14. What is the rate of unemployment?
a) 50% b) 10% c) 40% d) 60%
15. Ahmet is a cashier at a supermarket. As the economy moves towards Industry 4.0, the
supermarket starts to use automated tellers. Ahmet loses his job and is now unemployed. This is
an example of:
a) cyclical unemployment b) frictional unemployment
c) structural unemployment d) non-institutional population
Answers
Answer: A business cycle or boom-bust cycle refers to the alternating periods of recession and recovery. Changes in production and trade in a market economy cause these alternating periods. We often use the term together with the economic bubble.
12. The period in the business cycle from a trough up to a peak during which output, and employment grow. B
13. The labour force participation rate is 10 percent
14. The rate of unemployment is 40 percent
15. Cyclical unemployment is the component of overall unemployment that results directly from cycles of economic upturn and downturn. Unemployment typically rises during recessions and declines during economic expansions. Moderating cyclical unemployment during recessions is a major motivation behind the study of economics and the goal of the various policy tools that governments employ to stimulate the economy. True
Frictional unemployment: the unemployment which exists in any economy due to people being in the process of moving from one job to another. False
Structural unemployment: unemployment resulting from industrial reorganization, typically due to technological change, rather than fluctuations in supply or demand. False
Non-institutional: False
Explanation: Hope the explanation above was helpful