is sole trader or partnership better?

Answers

Answer 1

Answer:

There are benefits associated with running a partnership, both when compared to a sole trader and a limited company: Shared responsibility. Having more business owners allows the financial and operational responsibility for running the business to be sharedExplanation: The benefit of a partnership over a sole proprietorship is that you'll share the responsibilities, resources, and losses. On the other hand, you also split your profits, and you might face disagreements over how to run the business. One way to mitigate conflict is to create a partnership agreement.


Related Questions

The ……………. refers to something being put into the system. This is transformed by the organisation (or parts of it) through an activity or function of the organisation.

Answers

Answer:

any options ?

Explanation:

any options ?

Who else is affected when an organization acts unethically? Who is affected when an employee acts unethically? List at least three groups and explain how each group is affected by unethical actions by a employer and an employee.

Answers

Employees can be affected when an organization acts unethically such as not enforcing safety laws and not providing proper equipment to employees which can also lead to dangerous environments which lead to injury or death

Customers can be affected when improper enforcement is used while creating or producing products or goods that a customer would then use.

Shareholders can be affected financially if news of unethical actions by the entity was declared by the public.

A major advantage of the corporate form of ownership is ______. Multiple choice question. unlimited legal liability ease of formation limited life limited legal liability that corporate earnings aren't taxed until they are distributed to owners as dividends

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The major advantage of the corporate form of ownership is limited legal liability which means that the owner is limited to liability up to the tune of the amount that he invested in the company.

The corporate form of ownership means a business/organization that is operating as a legal entity, that is, it is run separate from the parties who own it.

In other word, the corporation which operates as legal entity is created for purpose of operating for profit for individuals, stockholders, shareholders etc

Some advantages of corporation includes

Owners has limited liability.The easy transfer of ownership.The corporations usually lasts forever.

In conclusion, the major advantage of the corporate form of ownership is limited legal liability which means that the owner is limited to liability up to the tune of the amount that he invested in the company.

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3. John Legend is looking for help to modernize the inventory systems at his company, Green Light. He is looking for information on Enterprise Resource Planning (ERP) and Blockchain. Use the textbook and Internet resources to find information to help Mr. Legend. Write two to three sentences each to describe ERP and Blockchain, and how these technologies can help better manage inventories. (17 points) Mr. Legend wants to be assured that the information that you are providing is dependable. Please cite the sources you used to collect information for your responses

Answers

Enterprise Resource Planning will be vital to John Legend as it can be used to manage his inventories and other activities in his business.

It should be noted that Enterprise Resource Planning is important as it manages and integrates the business processes by using a single system.  This will be important for John to manage his business.

Also, Blockchain can also help John in becoming more cost-efficient and enhance the faster delivery of products and also vital for enhancing the traceability of the product.

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In the long run, a. inputs that were fixed in the short run remain fixed. b. variable inputs are rarely used. c. inputs that were fixed in the short run become variable. d. inputs that were variable in the short run become fixed.

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Eventually in the long run in a firm, the inputs that were fixed in the short run become variable.

In a firm production, the factor of production including (land, capital entrepreneurship) are fixed in short run whereas, only labor factor is variable in the period.

But when the firm is in long run, all factors of production and costs are already variable.

Hence, the Option C is correct because in the long run in a firm, the inputs that were fixed in the short run become variable.

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Suppose a firm has a monopoly on the sale of widgets and faces a downward-sloping demand curve. When selling the 100th widget, the firm will always receive A. less marginal revenue on the 100th widget than it received on the 99th widget. B. more average revenue on the 100th widget than it received on the 99th widget. C. more total revenue on the 100 widgets than it received on the first 99 widgets. D. a lower average cost per unit at 100 units of output than at 99 units of output.

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When selling the 100th widget, the firm will always receive A. less marginal revenue on the 100th widget than it received on the 99th widget.

A downward-sloping demand curve simply means that when there's a reduction in the price of a good, the consumers will purchase more of that product.

Based on the information given, when selling the 100th widget, the firm will always receive less marginal revenue on the 100th widget than it received on the 99th widget. The marginal revenue is the increase in revenue based on an additional unit of output that's sold.

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When corn prices soared, hog farmers used less corn to feed their pigs. The hog farmers showed a decrease in their:

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they bought less corn, so they showed a decrease in demand.

Which of the following tactics is NOT a good way to improve your writing?

a. To have more impact on readers, write a longer memo.
b. Write without jargon and use simple words.
c. Ask someone else to read your writing before sending it out.
d. Get to the point of the memo quickly.

Answers

Answer:

To have more impact on readers, write longer memos.

Explanation:

This won't necessarily improve your writing as you may not deliver your message clearly across to your reader if you use long or wordy memos, rather a simple straight to the point memo will be more effective.

Answer:

a. To have more impact on readers, write a longer memo.

Explanation:

A company's board of directors votes to declare a cash dividend of $1.45 per share of common stock. The company has 29,000 shares authorized, 24,000 issued, and 23,500 shares outstanding. The total amount of the cash dividend is:

Answers

Answer 41,050.

A company's board of directors votes to declare a cash dividend of $1.45 per share of common stock. The company has 29,000 shares authorized, 24,000 issued, and 23,500 shares outstanding. The total amount of the cash dividend is: $41,050.

An investor holding a short position in a maturing futures contract may:

Answers

Answer:

Take delivery of the underlying asset from the holder of the long position.

You are studying to be an accountant. During school breaks, you work part-time at a large company that sells its stock on the stock exchange. To help you understand how investments work, you bought 100 shares of stock in this company.
While doing the bookkeeping, you discover the company just had a very bad financial quarter. You anticipate the price for the company stock will fall substantially once that information is made public. You decide to sell your shares immediately to avoid a significant loss. You direct your stockbroker to sell your stocks and are able to complete the transaction before this news gets out.
Have you done anything illegal by selling your stock when you did?
A. No, you are entitled to utilize all information available when deciding whether to buy or sell stock.
B. Yes, it is illegal for an employee of a company to buy or sell company stock.
C. No, shareholders can sell or buy stock anytime they wish.
D. Yes, you will be liable for insider trading based on the misappropriation theory.

Answers

Misappropriation theory states that when an individual uses insider information in trading securities has therefore committed securities fraud against the information source. Therefore, Yes, you will be liable for insider trading based on the misappropriation theory.

In the United States, a person who is guilty based on the misappropriation theory can be convicted of insider trading.

An individual is said to be guilty of insider trading when they have acted on privileged knowledge in order to make a profit.

Conclusively, she is guilty as she uses the information obtained from the financial books to her advantage.

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An investment of $2,000 pays interest of 1.5% per month. What will be the value of this investment at the end of 3 years

Answers

Answer:

2122.502

Explanation:

you first multiply the interest rate with the amount and then take the you got add it with the amount to get the final answer

What are some possible effects of demonstrating prejudice toward others in a healthcare setting? Check all of the boxes that apply. o negative impact on the healing ability of a patient who is targeted by prejudice positive impact on how comfortable a patient feels positive influence on a patient's emotional health increased risk for a patient to develop additional health problems positive impression on a patient about the healthcare facility​

Answers

Answer:

A) Negative impact on the healing ability of a patient who is targeted by prejudice

D) Increased risk for a patient to develop additional health problems

Explanation:

I got it wrong for you can I have brainliest?

Answer:

Person above is correct.

Explanation:

on Edge

a. According to the Coase theorem, private parties can negotiate to an efficient solution in the presence of externalities if the _______________ relatively low.
b. Suppose Jeremy, Francis, and Andrew are part of Mu Epsilon Nu, a college fraternity known for its very loud, rambunctious weekend parties. The parties annoy many of the residents in nearby apartment complexes due to the loud music and blaring neon lights. This is an example of :

Answers

According to the Coase theorem, private parties can negotiate an efficient solution in the presence of externalities if the transaction costs are relatively low.

When Jeremy, Francis, and Andrew are part of Mu Epsilon Nu, a college fraternity known for its very loud, rambunctious weekend parties and the parties annoy many of the residents in nearby apartment complexes due to the loud music and blaring neon lights, it illustrates an example of an external cost.

An external cost simply means the cost that is incurred by an individual or firm as a result of the economic transactions of another entity.

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Since the features and functions of complex products like CRM or ERP are not easy to identify, ________ is a major task when implementing enterprise systems.

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Since the features and functions of complex products like CRM or ERP are not easy to identify, gap identification is a major task when implementing enterprise systems.

Is Cab Service in the UK is Excellent Choice for Transport?

Answers

Cab services are the best option for transportation in the UK.

Cabs are a type of personalized transport that works in the United Kingdom, this service offers several advantages compared to taxis such as:

It is cheaper than taxis.It is more comfortable and less disturbing.They have several options for the number of people traveling.They can be booked easily and quicklyOffers a much faster transportation service than buses or black taxisIt is available 24 hours a day, 7 days a week.

Based on the above, it can be inferred that Cabs are the best transport service in the UK.

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On January 15, Tundra Co. sold merchandise to customers for cash of $42,000 (cost $28,500). Merchandise costing $10,500 was sold to customers for $15,800 on January 17; terms 2/10, n/30. Sales totaling $296,000 (cost $198,000) were recorded on January 20 to customers using MasterCard, a credit card that charges a 2% fee. On January 25, sales of $72,000 (cost $48,200) were made to debit card customers. The bank charges Tundra a flat fee of 0.5% on all debit card transactions.
Required:
1. Prepare journal entries for each of the transactions described (assume a perpetual inventory system).
2. Identify the advantages and disadvantages of each type of sale: cash sale, credit sale, credit card sale, or debit card sale. Explain why Tundra would likely accept all these types of sales.

Answers

1. The Tundra Co's journal entries to record the sales transactions under the perpetual inventory system are as follows:

Journal Entries:

January 15: Debit Cash $42,000

Credit Sales Revenue $42,000

To record the sale of goods for cash.

Debit Cost of goods sold $28,500

Credit Inventory $28,500

To record the cost of goods sold.

January 17: Debit Accounts Receivable $15,800

Credit Sales Revenue $15,800

To record the sale of goods on account, terms 2/10, n.30

Debit Cost of goods sold $10,500

Credit Inventory $10,500

To record the cost of goods sold.

January 20: Debit Cash (MasterCard) $290,080

Debit MasterCard Expense $5,920

Credit Sales Revenue $296,000

To record the sale of goods via MasterCard.

Debit Cost of goods sold $198,000

Credit Inventory $198,000

To record the cost of goods sold.

January 25: Debit Cash $68,400

Debit Bank Charges $3,600

Credit Sales Revenue $72,000

To record the sale of goods via debit card.

Debit Cost of goods sold $48,200

Credit Inventory $48,200

To record the cost of goods sold.

2. The identification of the advantages and disadvantages of each sale type is as follows:

a. Cash Sale ensures that Tundra collects cash immediately without facing credit risks from customers.  Tundra has the cash available for operations without resorting to borrowing.  Customers may be discouraged from making purchases if sales are restricted to cash. Tundra may be forced to offer cash discounts, which are substantial when the interest rates are annualized.

b. Credit Sale enables Tundra customers to buy more because of the credit period given.  Credit Sale attracts more customers than Cash Sale.  However, there is the risk of default.  Some customers may become bankrupt during the credit period.  Credit Sale extension to all customers increases the risk of financial fraud by some entities.

c. Credit Card Sale is like a cash sale except that Tundra will pay some expense to the Card issuers on whose platform the sale transaction is conducted.

d. Debit Card Sale is also like Credit Card Sale except that it is offered by financial institutions and not credit card issuers.

e. By accepting all these types of sales, Tundra increases its ability to make sales to various customers since some customers prefer to make transactions through these various types of sales.

Data Analysis:

January 15: Cash $42,000 Sales Revenue $42,000

Cost of goods sold $28,500 Inventory $28,500

January 17: Accounts Receivable $15,800 Sales Revenue $15,800

Cost of goods sold $10,500 Inventory $10,500

terms 2/10, n.30

January 20: Cash (MasterCard) $290,080 MasterCard Expense $5,920 Sales Revenue $296,000

Cost of goods sold $198,000 Inventory $198,000

January 25: Cash $68,400 Bank Charges $3,600 Sales Revenue $72,000

Cost of goods sold $48,200 Inventory $48,200

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TB MC Qu. 11-59 (Static) A limitation of the internal rate of return... A limitation of the internal rate of return method is that it:

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Limitations of the internal rate of return are:

A project can have more than one internal rate of return.It fails to reflect varying levels of risk over a project's life.

The internal rate of return is a capital budgeting method.  It is the discount rate that equates the after-tax cash flows from an investment to the amount invested.  

If the internal rate of return is greater than the required return of the project, the project should be accepted. If this is not the case, the project should be rejected.

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The first step in pursuing your financial goals is_______. PLEASE HELP

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Answer:

The first step towards realizing your financial goals is creating a realistic budget. A budget is simply a spending plan that is based on your expenses and income. A written plan helps you stay on track, day to day and month to month, for meeting your financial goals. For most students, debt is a part of life.

Explanation:

Hope this helps!

The first step towards realizing our financial goals is creating a realistic budget and evaluating our current financial situation.

What is a budget?

Simply put, a budget is a spending plan based on our income and outgoings.  A written plan keeps you on track to meet your financial goals on a daily and monthly basis. It is a financial plan that details expected expenses and income for a specific time period.

To assist us in achieving our financial objectives, develop a financial plan. Taking inventory of what we have and considering what we need is a good place to start. Keep track of our income and expenses. We may move forward with confidence when we know how much money we can dedicate to certain objectives each month.

Therefore, a realistic budget is the first stage of the financial planning process and it can change our financial situation.

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mployers are now developing and implementing social media policies. Meaning employees can be fired for posting about the company on their own personal accounts on social media. There have been several accounts where something on social media resulted in a person being fired from their job. Please discuss the use of social media and how employers respond to employee's use

Answers

Answer:

Employers are now developing and implementing social media policies. Meaning employees can be fired for posting about the company on their own personal accounts on social media.

There have been several accounts where something on social media resulted in a person being fired from their job.

Please discuss the use of social media and how employers respond to employee's use...or also how employers might use social media to monitor employees, or how social media has spot - lighted behavior of individuals and how employers responded...Or any other response that is related the broad topic.

The process of exchange of goods or services from sellers to buyers is referred to as:
A supply B. market C demand D. production​

Answers

Answer:

Marketing

Explanation:

Hope this helps!

XYZ Company had 200,000 shares of common stock outstanding on December 31, 2020. On July 1, 2021, XYZ issued an additional 44,000 shares for cash. On January 1, 2021, XYZ issued 16,000 shares of convertible preferred stock. The preferred stock had a par value of $100 per share and paid a 6% dividend. Each share of preferred stock is convertible into 8 shares of common. During 2021, XYZ paid the regular annual dividend on the preferred and common stock. Net income for the year was $270,000. Required: Calculate XYZ's basic and diluted earnings per share for 2021. (Round your answers to 2 decimal places.)

Answers

The XYZ Company's basic earnings per share are $0.71, while the diluted earnings per share are $0.72.

Data and Calculations:

Outstanding Common stock shares on Dec. 31, 2020 = 200,000 shares

July 1, 2021, Issuance of 44,000 shares

Total outstanding common stock

January 1, 2021, Issuance of 16,000 convertible preferred stock

Par value of preferred stock = $100 per share

The Dividend rate of preferred stock = 6%

Convertibility of preferred stock = 8 common shares

Net income = $270,000

Preferred dividend = $96,000 ($1,600,000 x 6%)

Earnings for common stockholders = $174,000 ($270,000 - $96,000)

Basic earnings per share = (Net income - Preferred Dividend)/244,000

= ($174,000)/244,000

= $0.71

Convertible Preferred into Common stock = 128,000 (16,000 x 8) shares

Total shares = 372,000 (244,000 + 128,000)

Diluted earnings per share = $270,000/372,000

= $0.73

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Fiat money is generally issued by A. central banks. B. private banks. C. major multinational corporations. D. brokerage firms.

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Fiat money is generally issued by central banks. The answer to this question is option A.

Fiat money can be described as the currency that is issued by the government of a country. The Fiat is not a currency that is backed by gold.

The central bank of the country is the body that is responsible for this currency.

The fiat is important to the economy because it gives the federal government of the nation a better control over what is printed in the economy as money.

Paper money such as the US dollar is an example of a fiat currency.

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Bonds which require the face value (principal) amount to be paid back in installments over the life of the bond are called: Select one: a. callable bonds. b. term bonds. c. convertible bonds. d. secured bonds. e. serial bonds. f. unsecured bonds.

Answers

Answer:

Term bonds are bonds from a single issue that all mature on the same date. On the maturity date of term bonds, the face value (principal) must be repaid to the bondholders. Call provisions within term bonds stipulate characteristics where issuers can redeem bonds from investors prior to the maturity date.

Explanation:

hope it helps <3

Term bonds are bonds that require the face value (principal) to be paid back in installments over the bond's life. As a result, option (b) is the proper response.

What are term bonds?

Term bonds are bonds that all maturity on the same date from a single issue.

The face value (principal) of term bonds must be repaid to bondholders when they reach maturity.

Issuers can repay bonds from investors prior to the maturity date under call provisions in term bonds.

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Which one Life Instinct
A. the collection of wish
B. Negative aspects
C. Positive aspects
D. Pleasure oriented
E. the manager of personality

Answers

Considering the available options, the one that is Life Instinct is "Pleasure oriented."

What is Life Instinct?

Life Instinct is a term used to describe the activities of humans that are conducted towards survival.

Examples of Life InstinctSexual instinctsDrive to liveBasic instinctual impulses like thirst and hunger, etc.

Hence, in this case, it is concluded that the correct answer is option D. "Pleasure oriented."

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Suppose that in a country with a closed economy, income is 256, consumption is 149, investment is 63, taxes are 78, and transfer payments are 23. What is the value of public savings

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The value of public savings is 55

Public savings is government revenue less government spending. Government revenue source is usually taxes. Government spending includes transfer payments and amounts expended on public projects.

Public savings = taxes - transfer savings

78 - 23 = 55

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Face 2 Face Corporation reports 100 outstanding shares, 500 authorized shares, and 50 shares of treasury stock. How many shares are issued?

Answers

Based on the total number of shares in circulation, we can infer that the number of shares issued was 150 shares.

The shares issued are those that the company sold to the public out of those that were authorized to them.

To find the issued shares, use the formula:

= Shares outstanding + Treasury shares

= 100 + 50

= 150 shares

In conclusion, 150 shares were issued.

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Hawley Enterprises has total assets of $387 million and total liabilities of $115 million. What is their debt to assets ratio

Answers

Answer:

The debt to asset ratio would be 29.7%

Explanation:

The debt to asset ratio is the total liabilities divided by total assets so, 115/387= 0.2971 or 29.71%

Suppose a self-regulating economy is in a recessionary gap at the time the Fed enacts expansionary monetary policy. Furthermore, suppose the Fed is able to enact expansionary monetary policy in such a precise way that the economy moves from a recessionary gap into long-run equilibrium, if there are no other changes in the economy. The combination of expansionary monetary policy and a self-regulating economy will cause: __________

a. Real GDP to rise to a level above Natural Real GDP
b. Real GDP to rise to a level below Natural Real GDP
c. Real GDP to rise to a level dqual to Natural Real GDP.
d. a recessionary gap to turn into an inflationary gap.

Answers

Considering the situation described above, the combination of expansionary monetary policy and a self-regulating economy will cause "Real GDP to rise to a level equal to Natural Real GDP."

This is because when Real GDP rises to a level equal to Natural Real GDP, that means the economy has adjusted such that the economy moves from a recessionary gap into long-run equilibrium.

Generally, the Real GDP shows the actual production level of a country, and as such, when there is neither inflation nor deflation, Real GDP equals Natural Real GDP.

Hence, in this case, it is concluded that the correct answer is option C. "Real GDP to rise to a level equal to Natural Real GDP."

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What is one way to earn more money through Social Security?
A. Work part time rather than full time.
B. Retire as soon as you can collect Social Security.
C. Delay retirement until age 70.
D. Start collecting Social Security at 62.

Answers

Answer:

The answer is C

Explanation:

The longer you wait to collect SSI the larger the amount will be due to the fact you have paid in more.

Answer:

c

Explanation:

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