Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 01, 2024

Explain the advantages and disadvantages of the following business entities: 1. Sole proprietorship 2. Partnership 3. Corporation

Explain the advantages and disadvantages of the following business entities:

1. Sole proprietorship

2. Partnership

3. Corporation

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Fundamentals Of Cost Accounting

Authors: William Lanen

7th Edition

1264100841, 9781264100842

More Books

Students also viewed these Accounting questions

Question

★★★★★

If is a differentiable function, find an expression for the derivative of each of the following functions. (a) y = xg(x) (b) y = x/g(x) (c) y = g(x) /x

Answered: 1 week ago

Question

★★★★★

On August 31, 2014, the account balances of Pitre Equipment Repair were as follows: During September, the following transactions were completed: Sept. 1 Borrowed $10,000 from the bank and signed a...

Answered: 1 week ago

Question

★★★★★

Use the Body Fat data set to answer the following: (a) Regress Density on Age, Height, Neck, Chest, Abdomen, Hip, Thigh, Knee, Ankle, Biceps, Forearm, Wrist. (b) Check the assumptions associated with...

Answered: 1 week ago

Question

★★★★★

Yuka consumes mangos and oranges. She is given four mangos and three oranges. She can buy or sell mangos for $ 2 each. Similarly, she can buy or sell an orange for $ 1. If Yuka has no other source of...

Answered: 1 week ago

Question

★★★★★

Kitchen Supply, Inc. (KSI), manufactures three types of flatware: institutional, standard, and silver. It applies all indirect costs according to a predetermined rate based on direct labor-hours. A...

Answered: 1 week ago

Question

★★★★★

The economy next year is either in a boom or in a recession. The probability of a boom is 0.75 while the probability of a recession is 0.25. The current value of the stock market is 100. In a boom,...

Answered: 1 week ago

Question

★★★★★

From this article Could you help me to identify and pick it from one of the two ERM quadrants that are typically speculative in nature - and explain what the risk is, why it is speculative, and why...

Answered: 1 week ago

Question

★★★★★

The company Techito S.A. has the following cost elements: 1. Rental of premises or office 2. Social charges on wages paid for production. 3. Purchase of glue and staples for reinforced section 4....

Answered: 1 week ago

Question

★★★★★

Design a Hazard Communication Programme use the link https://www.osha.gov/sites/default/files/2018-12/fy10_sh-21003-10_mod_2_hazcom_program.pdf LITERATURE Review of literature on significant...

Answered: 1 week ago

Question

★★★★★

Bill Gate Company incurred costs for materials and conversion in the amount of P 45,000 and P 4,860 respectively. As of the same date, the work in process inventory in units of P 6,000 is 40%...

Answered: 1 week ago

Question

★★★★★

Budget cash receipts for the months of January, February, and March. Budgeted sales, all on account: November $ 65,000 December January February March 60,000 82,000 70,000 90,000 Collection of...

Answered: 1 week ago

Question

★★★★★

5. What do we mean when we say that social facts are mental constructions? Explain this with an example from your own everyday life.

Answered: 1 week ago

Question

★★★★★

4. What is meant by the following statement, What we take for granted in a social situation may actually prove to be mechanisms that govern how we evaluate and act in the situation?

Answered: 1 week ago

Question

★★★★★

6. What is meant by the following statement, the methods used to uncover (construct) reality guide our thinking and actions in relation to this reality?

Answered: 1 week ago

Previous Question Next Question