Mary operates a famous company in Canada, selling down jackets. She is planning to establish branches in Hong Kong. A business consultant suggests her to operate these branches with different business owners but in a similar way to that of Mary's shops in Canada. Required: (a) Identify the form of ownership suggested by the business consultant. (b) Apart from more sources of capital, explain two reasons why Mary should establish the branches in the form of business ownership in (a) above instead of setting up branches in Hong Kong on her own. (c) Explain one measure in product development that Mary can ensure her firm is socially responsible.
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- Hudson Signs, Inc., needs funds, and Alley Hudson, the president, has asked you to considerinvesting in the business. Answer the following questions about the different ways that Hudsonmight organize the business. Explain each answer.a. What forms of organization will enable the owners of Hudson Signs, Inc., to limit theirrisk of loss to the amounts they have invested in the business?b. What form of business organization will give Alley Hudson the most freedom to manage the business as she wishes?c. What form of organization will give creditors the maximum protection in the event thatHudson Signs, Inc., fails and cannot pay its debts?A local clothing shop has been operating as a proprietorship. The business is growing and now the owner wants to incorporate. Which of the following would NOT be a reason for this owner to incorporate? Select answer from the options below 1.desire to limit the owner's personal liability 2.easy to do and costs very little time and money 3.the ease in transferring shares of the corporation 4.ability to raise capital for expansionWhat advice will you give to someone who has limited capital but possesses all the necessary skills to start a planned business? A)Build a sole proprietorship business and source funding from a bank or other personal connections. B)Set up a partnership business and teach them the necessary skills to make the business work C)Organize a corporation since it is the easiest form of business since it requires less paperwork D)Make an LLC and inviting only your closest friends to invest in your business
- Sara is planning to open a construction company in the UK. She understands that a limited company needs more formalities in terms of formation and operation, compared to other forms of business organisations, however, it will be more beneficial to her. Sara is already familiar with the reporting and recording requirements of a partnership since she is a partner at SAZ Hardware in the UK. She asked your help on the following: a. Describe how a company is formed, owned and managed.…Accounting and Finance Discuss the different types of business organizations functioning in Pakistan. Each should be supportive by the example from daily market. Explain the difference between profit and nonprofit organizations with THREE examples from daily life? Further, do interview with the entrepreneur of any THREE types of business organization ask the reason about the motivation for the start of entity.Suppose you are a new entrepreneur.To conduct your financial transaction you are looking for a bank that will assist you in running your venture.Now select the basis of choosing a bank for your Business transaction.
- Identify whether each of the following scenario is an advantage or a disadvantage of the corporate form of business. Justify your answer. А. 1. Green Company can have many owners in their business. Shareholders of White Company need to pay for corporate tax on dividend earning to tax authority. Yellow Company can buy and sell property based on board of director decision making. The shareholder of Black Company can buy and sell shares without affecting the company operation in daily business operation. Red Company must comply with Malaysian Companies Act 2016. President of Mawar Company can delegate the responsibility and authority for 2. 3. 4. 5. 6. company. The accounts and balances that follow are from Comel Bhd's records on 31 December 2020. В. Items Preferred Share, 9 percent cumulative, 2,000 shares issued and outstanding Ordinary Share, 16,000 shares issued, and 15,500 shares outstanding Retained Earnings Treasury Share, Ordinary (500 shares, at cost) RM 200,000 160,000 30,000…In each case below, I have given a goal that a business might have. What you need to do is to indicate for each whether the goal can better be achieved if the business is organized as a sole proprietorship or as a corporation and why. goal: to organize and start up the business easily and quickly goal: to protect owner's personal assets from lawsuits against the business goal: to raise large amount of capital for expansionIdentify whether each of the following scenario is an advantage or a disadvantage of the corporate form of business. Justify your answer. A. 1. Green Company can have many owners in their business. Shareholders of White Company need to pay for corporate tax on dividend earning to tax authority. Yellow Company can buy and sell property based on board of director decision making. The shareholder of Black Company can buy and sell shares without affecting the company operation in daily business operation. Red Company must comply with Malaysian Companies Act 2016. President of Mawar Company can delegate the responsibility and authority for 2. 3. 4. 5. 6. company. The accounts and balances that follow are from Comel Bhd's records on 31 December 2020. Items Preferred Share, 9 percent cumulative, 2,000 shares issued and outstanding Ordinary Share, 16,000 shares issued, and 15,500 shares outstanding Retained Earnings Treasury Share, Ordinary (500 shares, at cost) RM 200,000 160,000 30,000…
- (essay) The owner of a company asks you if he can charge all his personal expenses to his business. He said that he owns the company anyway. Explain to the business owner the business entity assumption and the ethical considerations of his idea.Comparison of three essential types of businesses in Australia: use the following criteria and organize your comparison in a relevant table: 1) Owner/s of businesses2) Level of difficulty in setting up the business3) Life of the business (limited or unlimited)4) Liabilities of owners over the business’s debts5) The legal status of the business6) Level of difficulty in mobilizing funds7) Level of difficulty in a business transfer.The owner of a company asks you if he can charge all his personal expenses to his business. He said that he owns the company anyway. Explain to the business owner the business entity assumption and the ethical considerations of his idea.