FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Jennifer Cordovan is considering setting up a pharmacy in Ocho Rios, St. Ann and is now thinking about the type of ownership structure for her

Jennifer Cordovan is considering setting up a pharmacy in Ocho Rios, St. Ann and is now thinking about the type of ownership structure for her business. Preliminary research revealed that there are

three (3) business types.

1. Sole trader

2. Partnership

3. Limited liability company

QUESTION

Write an essay (in not more than two thousand words) which explains in great detail, the three forms of businesses above and which clearly highlights the advantage and disadvantages of each.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

blur-text-image

Step: 3

blur-text-image

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

Accounting Principles

Accounting Principles

Authors: Jerry J. Weygandt, Paul D. Kimmel, Jill E. Mitchell

14th Edition

1119707110, 978-1119707110

More Books

Students also viewed these Accounting questions

Question

★★★★★
Calculate your own debt safety ratio. What does it tell you about your current credit situation and your debt capacity? Does this information indicate a need to make any changes in your credit use...

Answered: 1 week ago

Question

★★★★★
1. Define f and 9 on R by f(x) = sin x and g(x) = x/lxl if x =f and g(O) = 0. (a) Find f(E) and g(E) for E = (0,11"), E = [0,11"], E = (-1,1), and E = [-1,1]' and explain some of your answers by...

Answered: 1 week ago

Question

★★★★★
2. If students have computers, provide lists of Internet help lines.

Answered: 1 week ago

Question

★★★★★
The auditor for ABC Wholesaling Company has just begun to perform analytical procedures as part of planning the audit for the coming year.ABC Wholesaling is in a competitive industry, selling...

Answered: 1 week ago

Question

★★★★★
Ayala Inc. has conducted the following analysis related to its product lines, using a traditional costing system (volume-based) and an activity-based costing system. Both the traditional and the...

Answered: 1 week ago

Question

★★★★★
On December 1, 2020, Bramble Company had the following account balances. Debit $18,100 2,000 8,000 16,000 1,700 28,700 $74,500 Cash Notes Receivable Accounts Receivable Inventory Prepaid Insurance...

Answered: 1 week ago

Question

★★★★★
4. Relation between F and R. In our notes, we claim that F has an alternative expression (SSRR - SSRU)/#r F SSRU/(n - K) 1 ermitted where SSRR is the sum squared residuals from the restricted...

Answered: 1 week ago

Question

★★★★★
Why must crime scene notes be taken in pen in a hard-bound notebook? (note: there may be more then 1 correct answer) a. The lead from a pencil can be poisonous b. Spiral bound notebooks are just not...

Answered: 1 week ago

Question

★★★★★
The 20 kg block is subjected to a force of F 580 N acting at an angle of 35 and a force of F2 = 410 N acting in the negative x direction = while in contact with a smooth surface. Assume the box can...

Answered: 1 week ago

Question

★★★★★
What would be the result of the following code being executed? class Main { public static void main(String args) { System.out.println("Learning Java is fun"); } } a.) We would get an error as there...

Answered: 1 week ago

Question

★★★★★
For the beam shown, find the reactions at the supports and plot the shear-force and bending-moment diagrams. V1 = 700 lbf, V2=43 lbf/in, V3 = 8 in, and V4 = 6 in. v3 v2 v4 v4 Provide values at all...

Answered: 1 week ago

Question

★★★★★
3. How can rumours about someone contribute to creating the behaviour we expect him / her to have? Use examples from your own everyday life.

Answered: 1 week ago

Question

★★★★★
2. How can the expectations we have of a person contribute to the image we have of him / her? Give some examples from your own everyday life.

Answered: 1 week ago

Question

★★★★★
9. Discuss the statement: If the actors mainly act on the basis of a view of human-ity as driven by self-interest, and incorporate this idea into their models, they may end up with their premises...

Answered: 1 week ago

Previous Question Next Question