Jullan is starting a small business out of her home. When she accesses a business “how-to” web site, Jullan finds software downloads and printable worksheets that will help her plan and manage her business's income and expenses. The software and worksheets are types of
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Jullan is starting a small business out of her home. When she accesses a business “how-to” web site, Jullan finds software downloads and printable worksheets that will help her plan and manage her business's income and expenses. The software and worksheets are types of
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- Kara wants to build a business. She has plenty of capital and potential investors and partners. She wants to avoid the burden of sole liability for her business and wants to be able to close the business when she is no longer interested in it. Which of the following would lead Kara to choose a sole proprietorship organization for her business? Avoidance of sole liability Ability to close the business easily Many potential investors/partners Plenty of capitalTim and his wife were having a few friends over for dinner, many of whom Tim knew from an international management association to which he belonged. Tim's company provides the programming needed to download maps of world areas from satellites and then the firm sells these maps via the Internet to firms, countries, and others around the world. Sally, a guest at the party, bakes cookies for a living. Her recipe is so well-liked that her company has grown dramatically. She now has sold the right to manufacture and recipe for her cookies to a firm in Eastern Europe. Mac is a director at McDonald's and is a guest along with his wife, Mary, who works for Hershey. Finally Samantha works for EDS and is soon to go abroad to visit a firm that EDS is considering acquiring so that it can keep its technology proprietary. Conversation was lively and the guests at one point were speaking about the way that the company they own or work for decided to "go global." Questions: Sally's company uses…The following information is available for Ubbie's Jewelry and Gift Store.Net Income $5,000Depreciation expense 2,500Increase in defered tax liabilities 500Decrease in cash 3,000Increase in marketable securities 1,000Decrease in accounts receivable 2,000Increase in inventories 9,000Decrease in accounts payable 5,000Increase in accrued liabilities 1,000Increase in property and equipment 14,000Increase in short-term notes payable 19,000Decrease in long-term notes payable 4,000Use indirect method to answer the questions.*What is net cash flow from operating activities?*What is net cash flow from investing activities?*What is net cash flow from financing activities?*What is the change in cash?
- John Johnson, one of your classmates, is preepairing to launch an e-commerce company to sell home repair guidebooks, tools and other related material for home repairs. He has just told you that he talked to his grandmother over the weekend and she has greed to lendd her 25000 thousand euros to launch the company. When you askedJohn what arrangements he has made with his grandmother to formalize the loan, he looked puzzled and said "She plans to send me a check in a week or so, she just needs to get them out of her savings account". Do you agree/disagree with John's actions? What would you advise him to do?I have a accounting firm and someone from real estate wants to invest and give my firm all her accounts but in return wants equal ownership of my firm, but i dont want to giver her equal ownership but wants her to invest in my firm , what are alternatives that i can offer her without giving her half ownership. ElaborateSeptember 14, 2023 Matt’s One Hour Air Conditioning & Heating Dear Melissa, My name is Grace Lathrop with Matt’s One Hour Air Conditioning & Heating Company. We received an email from you explaining your air conditioner that has unfortunately malfunctioned due to a broken capacitor. I understand your frustration and I will help get this problem resolved right away for you. When I looked up your account in our database, it appeared as inactive. I looked into this problem more and discovered a technical issue on our end. We are under new ownership and our system has not been updated over to the new owner. This is what made your account appear inactive. We are getting our database refreshed so our new owner has chosen to honor any warranty from the previous owner so your warranty will cover the capacitor. Let me know if you have any questions or concerns that I can help you with. I need this business letter to be revised. The letter is to a customer that has a air…
- Read the statements below and answer all the five questions that follow:Materials management includes the job of purchasing. In any industry, purchase refers to the acquisition of necessary equipment, materials, tools, and parts. The relevance of the buying function varies depending on the industry and its size. This duty is performed by the works manager in small businesses, and by a distinct department in major manufacturing companies. As soon as a purchaser places an order he/she commits a substantial portion of the finance of the corporation which affects the working capital and cash flow position. He/she is a highly responsible individual who interacts with many salespeople and can thus be deemed to have contributed to the company's public relations efforts. Source: https://businesstech.co.za/news/business/220551/these-are-the-5-biggest-retailers-in-south-africa/ You are managing the purchasing department at Walmart's Cambridge Foods in South Africa. Critically discuss the…Company X is a small business that specializes in selling organic pet food. The company is looking to expand its reach and increase sales by creating an online store. As a consultant, you have been asked to give a presentation to Company X's management team about the benefits and potential drawbacks of starting an e-commerce platform. What are the advantages and disadvantages of creating an online store for Company X's organic pet food business? What factors should be considered when determining the feasibility of starting an e- commerce platform for the business? What are some potential challenges that Company X might face when launching an onlines tore, and how can they be addressed?Expenses on a statement of income are listed in no particular order under ASPE. from smallest to largest under IFRS. in alphabetical order under IFRS. by their nature or function under ASPE.
- The following information assumes that the CFA Institute Code of Ethics and Standards are applicable. Maria has recently joined the LLT group. Today a client approaches Maria for some investment advices on how to accumulate his personal wealth. Lenora, who is Maria’s supervisor, just walks past and overhears their conversation. Lenora asks Maria to convince the client to invest in a private equity fund. Maria has a different thought and believes the private equity fund could be too risky for the client. However, she wants to receive a good evaluation from the supervisor and hence she recommends the client to invest in the private equity fund for a good return. You are required to establish what is unethical and which Standard is most likely violated.Like many students at college, Arturo struggles to find a parking space on campus. Every year he has to buy a parking permit, which allows him to park on campus. Unfortunately, buying a permit does not guarantee that he can find a parking spot. So he often gets to campus well before class starts, hoping to find a good parking spot, but ends up driving around until someone leaves. One day after his economics class, Arturo comes up with a potential solution to the problem. He suggests the following: Suppose the demand for parking is given by the following equation: Qp = 10,000 - 500P. At Arturo's school, there are 7,000 parking spaces for students. For the questions below, give all answers to the nearest whole number. a. At most universities, students do not pay to park each day. They pay for a permit, which only allows them to park on campus. Therefore, the price students face each day is $ Unfortunately, this creates a shortage of parking spaces. b. The university, in order to prevent…Raymond and Ganesh, head two different departments in the same organization. Raymond’s problem with Ganesh is that the latter is taking staff from his department without his approval. On the other hand, Ganesh feels that he is doing the right thing by taking staff from Raymond’s overstaffed department. The situation is compounded by the fact that most of the people who work under Raymond are asking to be transferred while Raymond feels that his department is not overstaffed. He feels that Ganesh is interfering with his duties while Ganesh is sure that Raymond would do well with a leaner workforce. Jay, the director, has to help resolve the conflict between two managers after they bitterly confront each other in his presence. Apart from Ganesh’s and Raymond’s viewpoints, the director also has to consider Harsh’s opinion about the conflict. Harsh is the immediate Lab manager who was recently replaced by Raymond. He had the same problems that Raymond is having with Ganesh, but he was able…