Question 1: Type of Organization Introduction Ever since graduating from NAITs dental repair certificate program 2 years ago. Nick Smiley has dreamed of owning and operating his own dental equipment sales and repair company. Nick is currently employed by a company as an employee, but is confident he could start his own. Nick has started to research the surrounding area to decide how to structure his business Nick's goal is to build a prestigious business and earn income from selling a number of goods and services to customers in Fidmonton Annual equipment repair services with unlimited tune ups to equipment throughout the year. "Pay-Per-Repair" (where a fee would be charged for each repair required purchased by dental clinic who do not hold an annual memberships Sales of Goods (such as cleaning supplies, dental equipment, dental chairs, and other dental accessories) Nick anticipates the need to raise approximately $500,000. in money to start his company. Nick is willing to invest $100,000 of his own personal money which means the remaining funds must come from outside sources Nick Personal Life Nick has not approached any of his friends to see if they would be interested in participating in this exciting business venture. As a result, Nick is unaware of how much money each friend could contribute (if interested) or how much participation they would want in managing his dental sales and repair company. His best friend did graduate from NAIT at the same time as him and might be interested in pursuing the venture collaboratively Nick currently lives in a high-rise condo. The condo was purchased four years ago for $500,000 using the cash proceeds Nick received from an inheritance. As such, Nick's personal residence has been "paid in full and no money is owing on it. Nick has a very good credit score and always pays his bills on time (including his credit cards). Nick loves his personal residence and under no circumstances would Nick consider selling his property as a means of raising money. Required: Nick has the following questions What letal forms are available to me in order to establish & run the dental cquipment sales and repair company Discuss the advantages & disadvantages of each alternative. Business Onanization Advantages Disadvantages 2. All organizations need to prepare financial statements. Who would be the main "users" of my financial statements in the first year of operations? What types of decisions would the financial statement serbe making Users Decisions Question 1: Type of Organization Introduction Ever since graduating from NAITs dental repair certificate program 2 years ago, Nick Smiley has dreamed of owning and operating his own dental equipment sales and repair company. Nick is currently employed by a company as an employee, but is confident he could start his own. Nick has started to research the surrounding area to decide how to structure his business Nick's goal is to build a prestigious business and cam income from selling a number of goods and services to customers in Edmonton: Annual equipment repair services with unlimited tune ups to equipment throughout the year "Pay-Per-Repair" (where a fee would be charged for each repair required purchased by dental clinic who do not hold an annual memberships Sales of Goods (such as cleaning supplies, dental equipment, dental chaits, and other dental accessories Nick anticipates the need to raise approximately 5500,000 in money to start his company. Nick is willing to invest $100,000 of his own personal money which means the remaining funds must come from outside" sources Nick's Personal Life Nick has not approached any of his friends to see if they would be interested in participating in this exciting business venture. As a result, Nick is unaware of how much money each friend could contribute Gif interested) or how much participation they would want in managing his dental sales and repair company. His best friend did graduate from NAIT at the same time as him and might be interested in pursuing the venture collaboratively Nick currently lives in a high-rise condo. The condo was purchased four years ago for $500,000 using the cash proceeds Nick received from an inheritance. As such, Nick's personal residence has been paid in full and no money is owing on it. Nick has a very good credit score and always pays his bills on time (including his credit cards) Nick loves his personal residence and under no circumstances would Nick consider selling his property as a means of raising money, Required: Nick has the following questions 1. What legal forms are available to me in order to establish & run the dental equipment sales and repair company? Discuss the advantages & disadvantages of each alternative Business Organization Advantages Disadvantages 2. All organizations need to prepare financial statements. Who would be the main "users" of my financial statements in the first year of operations? What types of decisions would the financial statement users be making! Users Decisions you Tags hilaramarinters www. - w Www Nepal 1. Question 1: Type of Organization 1 Introduction Ever since graduating from NAITdestal repair certificate program 2 years ago, Nick Smiley has dreamed of owning and operating his own dental equipment sales and repair company. Nick is currently employed by a company as an employee, but it confident he could start his oun Nick has started to research the surrounding area to decide bow to structure his best 5 Nick's goal is to build a prestigious business and earn income from selling a number of goods and services to customers in Edmonton Anmal equipment repair services with unlimited tune ups to equipment throughout the year *Pay-Per-Repair" (where a fee would be charged for each repair required purchased by dental clinic who do not hold an annual memberships Sales of Goods (such as cleaning supplies, dental equipment, dental chains, and other dental accessories) Nick anticipates the need to raise approximately $500,000 in money to start his company Nick is willing to invest $100,000 of his own personal money which means the 1 meminang funds must come from outside" sources 7 3 12 Nick's Personal Life Nick has not approached try of han friends to see if they would be interested in participating in this exciting business venture. As a result, Nick is aware of how much money each trend could contribute (if interested) or how much participation they would want in managing his dental sales and repair compatry. His 11 best friend did graduate from NAIT at the same time as lumand might be interested in pursuing the venture collaboratively Nick currently lives in a high-rise condo. The condo wa purchased four years ago for $500,000 iting the cash proceeds Nick received from an inheritance. As much, Nick's personal residence has been paid in full and no money it owing on it. Nick has a very good credit score and always pays his bills on time (including his credit cards). Nick loves las personal residence and under no circumstances would Nick consider selling his peoperty as a means of raising Doney 15 Required 17 Nick has the following questions 1. What lngal forma ase armilable to me in order to establush & run the dental equipment sales and repair compry? Discuss the advantages & disadvantages of each alternative Tin Oraton Advarer Disadvantares 10 30 32 2. All organisation need to prepare financial statement. Who would be the main of my financial statements in the first year of operations? Demon Overview 01 Type of Organization Q2 Journal Entries Q3 Pivot Table 04 Adjusting Journal Entries OS Clo workbookSanities ORI Question 1: Type of Organization Introduction Ever since graduating from NAITs dental repair certificate program 2 years ago. Nick Smiley has dreamed of owning and operating his own dental equipment sales and repair company. Nick is currently employed by a company as an employee, but is confident he could start his own. Nick has started to research the surrounding area to decide how to structure his business Nick's goal is to build a prestigious business and earn income from selling a number of goods and services to customers in Fidmonton Annual equipment repair services with unlimited tune ups to equipment throughout the year. "Pay-Per-Repair" (where a fee would be charged for each repair required purchased by dental clinic who do not hold an annual memberships Sales of Goods (such as cleaning supplies, dental equipment, dental chairs, and other dental accessories) Nick anticipates the need to raise approximately $500,000. in money to start his company. Nick is willing to invest $100,000 of his own personal money which means the remaining funds must come from outside sources Nick Personal Life Nick has not approached any of his friends to see if they would be interested in participating in this exciting business venture. As a result, Nick is unaware of how much money each friend could contribute (if interested) or how much participation they would want in managing his dental sales and repair company. His best friend did graduate from NAIT at the same time as him and might be interested in pursuing the venture collaboratively Nick currently lives in a high-rise condo. The condo was purchased four years ago for $500,000 using the cash proceeds Nick received from an inheritance. As such, Nick's personal residence has been "paid in full and no money is owing on it. Nick has a very good credit score and always pays his bills on time (including his credit cards). Nick loves his personal residence and under no circumstances would Nick consider selling his property as a means of raising money. Required: Nick has the following questions What letal forms are available to me in order to establish & run the dental cquipment sales and repair company Discuss the advantages & disadvantages of each alternative. Business Onanization Advantages Disadvantages 2. All organizations need to prepare financial statements. Who would be the main "users" of my financial statements in the first year of operations? What types of decisions would the financial statement serbe making Users Decisions Question 1: Type of Organization Introduction Ever since graduating from NAITs dental repair certificate program 2 years ago, Nick Smiley has dreamed of owning and operating his own dental equipment sales and repair company. Nick is currently employed by a company as an employee, but is confident he could start his own. Nick has started to research the surrounding area to decide how to structure his business Nick's goal is to build a prestigious business and cam income from selling a number of goods and services to customers in Edmonton: Annual equipment repair services with unlimited tune ups to equipment throughout the year "Pay-Per-Repair" (where a fee would be charged for each repair required purchased by dental clinic who do not hold an annual memberships Sales of Goods (such as cleaning supplies, dental equipment, dental chaits, and other dental accessories Nick anticipates the need to raise approximately 5500,000 in money to start his company. Nick is willing to invest $100,000 of his own personal money which means the remaining funds must come from outside" sources Nick's Personal Life Nick has not approached any of his friends to see if they would be interested in participating in this exciting business venture. As a result, Nick is unaware of how much money each friend could contribute Gif interested) or how much participation they would want in managing his dental sales and repair company. His best friend did graduate from NAIT at the same time as him and might be interested in pursuing the venture collaboratively Nick currently lives in a high-rise condo. The condo was purchased four years ago for $500,000 using the cash proceeds Nick received from an inheritance. As such, Nick's personal residence has been paid in full and no money is owing on it. Nick has a very good credit score and always pays his bills on time (including his credit cards) Nick loves his personal residence and under no circumstances would Nick consider selling his property as a means of raising money, Required: Nick has the following questions 1. What legal forms are available to me in order to establish & run the dental equipment sales and repair company? Discuss the advantages & disadvantages of each alternative Business Organization Advantages Disadvantages 2. All organizations need to prepare financial statements. Who would be the main "users" of my financial statements in the first year of operations? What types of decisions would the financial statement users be making! Users Decisions you Tags hilaramarinters www. - w Www Nepal 1. Question 1: Type of Organization 1 Introduction Ever since graduating from NAITdestal repair certificate program 2 years ago, Nick Smiley has dreamed of owning and operating his own dental equipment sales and repair company. Nick is currently employed by a company as an employee, but it confident he could start his oun Nick has started to research the surrounding area to decide bow to structure his best 5 Nick's goal is to build a prestigious business and earn income from selling a number of goods and services to customers in Edmonton Anmal equipment repair services with unlimited tune ups to equipment throughout the year *Pay-Per-Repair" (where a fee would be charged for each repair required purchased by dental clinic who do not hold an annual memberships Sales of Goods (such as cleaning supplies, dental equipment, dental chains, and other dental accessories) Nick anticipates the need to raise approximately $500,000 in money to start his company Nick is willing to invest $100,000 of his own personal money which means the 1 meminang funds must come from outside" sources 7 3 12 Nick's Personal Life Nick has not approached try of han friends to see if they would be interested in participating in this exciting business venture. As a result, Nick is aware of how much money each trend could contribute (if interested) or how much participation they would want in managing his dental sales and repair compatry. His 11 best friend did graduate from NAIT at the same time as lumand might be interested in pursuing the venture collaboratively Nick currently lives in a high-rise condo. The condo wa purchased four years ago for $500,000 iting the cash proceeds Nick received from an inheritance. As much, Nick's personal residence has been paid in full and no money it owing on it. Nick has a very good credit score and always pays his bills on time (including his credit cards). Nick loves las personal residence and under no circumstances would Nick consider selling his peoperty as a means of raising Doney 15 Required 17 Nick has the following questions 1. What lngal forma ase armilable to me in order to establush & run the dental equipment sales and repair compry? Discuss the advantages & disadvantages of each alternative Tin Oraton Advarer Disadvantares 10 30 32 2. All organisation need to prepare financial statement. Who would be the main of my financial statements in the first year of operations? Demon Overview 01 Type of Organization Q2 Journal Entries Q3 Pivot Table 04 Adjusting Journal Entries OS Clo workbookSanities ORI