What is the net income from the following income statement? Income Statement Sales $12,000 Returns ($370) Net Sales COGS ($8,150) Gross Profit Overhead ($2,300) Net Income net income = $ [?
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- Mo. Outcomes: Discuss the issues that entrepreneurs should consider when evaluating different forms of ownership. Describe the advantages and disadvantages of the sole proprietorship, partnerships, and corporations. Describe the features of the S corporation and the limited liability company. Discuss the alternative options for corporate forms, both for-profit and non-profit, available to social entrepreneurs. 2.2 Action Required: Watch the short video at the following link https://www.youtube.com/watch?v=0k8ljlnBAQIT News) - YouTube 2.3 Test your Knowledge (Question): What is a sole proprietorship? What drawbacks should be considered? 2.4 Instructions Answer the question available in the “Test your Knowledge” section. Post your answer in the discussion board using the discussion link belowDon't use chatgpt, I will 5 upvotes Manning Company issued 10,000 shares of its no-par common stock having a fair value of $30 per share and 15,000 shares of its $15 par value preferred stock having a fair value of $20 per share for a lump sum of $700,000. How much of the proceeds would be allocated to the common stock? a) $300,000 b) $350,000 c) $225,000 d) $200,000When buying an existing business, which is NOT one of the steps an investor should take? a) Find out why the business is for sale. b) Review existing financial statements. c) Open a franchise. d) Evaluate existing staff.
- . _______ Manju asks for your advice in opening a newbusiness. She plans to provide tax-related services to individuals and small-business owners inher community. Of course, she wants an attractive means of starting and operating her businesswith a reasonable hope of succeeding in it. Whatwill be your advice?a. Start your own independent business.b. Form a partnership with a CPA.c. Consider purchasing a franchise.d. Forget about opening the business becauseit is too risky.e. First secure a loan from the Small BusinessAdministration.Y9 A- Describe the relationship the board of directors needs with shareholders, management, the community, and employees, in order to sustain a company's success. Please provide the source (references). If you could do in text citation, that would be great. Thank you!What are the roles and functions of chairman/president of the company? Note: PLEASE NO PLAGIARISM. Thaank you
- 1. Create relationship between entreprenuership and development of start up. 2. Create relationship between risk tolerance and development of start up. 3. Create relationship between innovation and development of start up.Imagine that you want to start your own business. For your business: (a) Decide on and state a new business concept (the type of business that you want to start and what it does). (b) Decide on and state a name and slogan for that business. (c) Consider at least three different types of business entities (e.g., corporation, sole proprietorship, LLP, LLC, general partnership, LP. S-Corporation), and choose one of those three types of entities as the form of business organization for your new business. (d) List the three types of entities that you considered and provide three reasons that the type of entity you chose for your business is better than the other two tvpes of entities (vou may wish to consider some of the following: ease of formation, tax consequences, management rights, duration, liability, and transferability of ownership (e) Develop a brief marketing strategy for your new business, and state your marketing strategy, including short-term and long-term strategies (f) Will…Employees of a firm are the source of knowledge who enable enterprises to implementthe planned activities. ii. Explain the challenges and obstacles that are likely to affect a firm’sknowledge management.
- Provide a concise overview, suitable business information system for a small company board of directors, of the different levels and types of Information Systems, and the benefits they could provide to the small company.Company 4 - Arnn Hook TalesCrochet artist Apurva Thampi makes plush toys and collectibles out of yarn. (arnnhooktales.com). Ms Thampi's grandmother tried to introduce her to crochet in her younger days, but she did not take to the craft until late 2018, when she was scrolling through “Pinterest” - the photo-sharing platform popular with crafters and designers - and discovered the Japanese art of amigurumi, which means "crocheted or knitted stuffed doll". She was pregnant with her daughter, who is now three, and she wanted to crochet something for her. The idea of creating stuffed toys from crochet was fascinating. Up to that point, she had a very limited idea of what things could be made using crochet. She began Yarn N Hook Tales in January 2021 after practising on her own projects, watching YouTube videos, and helping other crochet artists refine their amigurumi designs. Rates for her crochet commissions start at $50 and can go up to $140, with each taking an estimated three to four…1. The business that I will start is a Coffee business.As a result,it aims at solving the problem of- -Quality of coffe bean -Coffee brewed properly -To take it from a common coffee to a global drink -To create acceptance through all age segments -To supply coffee globally that is of quality 2.The product or service -Quality coffee having no match in the industry -Ease of use and less time of preparation -Include variants to suit each ones taste -Build on the benefits of different types of coffees 3.Target market- -Young People -Coffee lovers -Office workers -Foodgram 4.Competitors- -Coffee estate owners -Local coffee manufacturers -Coffee companies as it forms a substitute 5.Promotion -Advertisement from Instagram-Ads -Café’s interior design -10% discounts for first purchase -Special offer on customer’s birthday Based on the business idea above, do the following: a. How do you communicate these business ideas creatively and innovatively to potential investors. Use the core…