Solve all questions please!!!
Cost structure OF AIRBNB
Describe all costs that occur in the business.
Key questions:
- What are the biggest costs in our business?
- What are the most expensive key resources?
- Which key activities are the most expensive?
- Fixed and variable costs, economies of scale.
- There are two basic approaches to cost structure: Cost management (economy); Value management (emphasis on quality, price less important).?????mportant).
Red Reached $100,000 cash from former Low partning Deposited $:0,000 cash in a now tuningis bank account titled Jerry Ford, Attorney Paid $300 cash for letterhead stationery for the new law office. 7 Purchased office furniture for the law office. Ford agreed to pay the Account payable. $7,000, within } months. 10 Sold 500 shares of Intel stock, which he had owned for several 11 Deposited the $75,010 cash from sale of the level stock in his personal bank account 12 Areparentabove al a large company telephoned Ford and told him of the company's intention to transfer its legal business to Jerry Ford, Attorney 18 Finished court hearings on behalf of a client and submitted a bill for legal service, $50010, Ford expected to collect from this client within Pald office rent. $1,000 Withdrew $10 000 cash from the business for personal use4) What is the most appropriate business structure for the following Business people? a) Three close university friends who have recently qualified as dentists b) An up-and-coming artist c) A group of 35 accountants who have recently met at a conference and want to establish an accounting practice within the sports industry1. John Smith had successful business which he wanted to expand and needed extra funding. He was advised by bank that he needed an audit of his business to determine if his present business was profitable. John hired ABC accounting agency to audit his business they we given instructions to determine the level of profit made and if there was any fraudulent activity by staff members. ABC audit revealed that the company was highly profitable and there was no fraud by staff members. John was able get a loan from the bank based on ABC audit report. John experience financial difficulties one year after he received the loan. John a new audit done by XYZ accounting agency for the same period of ABC audit and it revealed that the company was not profitable and that the staff was issuing false invoices. Advise John if he can take any action against ABC.language of (?) 4. The "basic raw materials" of accounting are composed of business (?) Transaction data 5. Each state has laws providing for the licensing for certified public accountants. Who are commonly called (?) CPA 6. The applicability of accounting in an individual economic unit in society is based on the business (?) 7. A separate legal entity organized in accordance with state or federal statutes and in which owner- ship is divided into shares of stock is referred to as a (an) (?) 8. A partnership is owned by (?) or more individuals. How does law reflect society's attitudes? . What is the significance of the law to the business environment? . How should business approach the management of legal risks? . What is the relationship between the law and business ethics? . Who makes law? . How do courts decide whether the legislation is valid under the Constitution? . What else do courts do? . How does the Charter of Rights and Freedoms protect our human rights? . Why is the Charter relevant for business? . What is the purpose of a code of conduct? . How does law impact international business activities
