William and Theodore have decided to start a travel business called Excellent Adventures. Since their business primarily involves time-travel their clients may be harmed during a small but significant portion of the travels. Consequently, William and Theodore would like a business form that will shield both of their personal wealth from any legal claims that the firm might be subject to after one of the travel mishaps. If William and Theodore are the only investors in this U.S. domiciled firm, which legal form of organization would be best for Excellent Adventures to protect both William and Theodore

Answers

Answer 1

Answer:

Hence the answer is a corporation.

Explanation:

William and Theodore have decided to start a travel business called Excellent Adventures. Since their business primarily involves time travel their clients may be harmed during a small but significant portion of the travels. Consequently, William and Theodore would like a business form that will shield both of their personal wealth from any legal claims that the firm might be subject to after one of the travel mishaps. If William and Theodore are the only investors in this U.S. domiciled firm, which legal form of organization would be best for Excellent Adventures to protect both William and Theodore as a corporation.

A corporation may be a large company or group of companies authorized to act as one entity and recognized intrinsically in law


Related Questions

Wolfe Company purchased a truck for $62,000, with an estimated useful life of 8 years and a salvage value of $10,000. The company uses the double-declining-balance method of depreciation; however, after year 3 they switch to the straight-line method. There is no change to the estimated useful life or salvage value. What is the accumulated depreciation balance at the end of year 5 (round to the nearest dollar)

Answers

Answer:

$42306

Explanation:

Depreciation expense using the double declining method = Depreciation factor x cost of the asset

Depreciation factor = 2 x (1/useful life) = 2/8

Depreciation expense in year 1 = 2/8 x 62,000 = 15500

Book value at the beginning of year 2 = 62,000 - 15500 = 46500

Depreciation expense in year 3 = 2/8 x 46500 = 11625

Book value at the beginning of year 3 =46500 - 11625 = 34,875

Depreciation expense in year 3 =34,875 x 2/8 = 8718.75

Book value at the beginning of year 4 = 34,875 - 8718.75 = 26156.25

Straight line depreciation expense = (book value of asset - Salvage value) / useful life

26156.25 - 10,000 / 5 = 16156.25 / 5 = 3231.25

Depreciation expense for the remaining 2 years =  3231.25 x 2 = 6462,50

total depreciation = sum of year 1 to 5 depreciation = 6462,50 + 15500 + 11625 + 8718.75 = $42306

Fayol thought management principles needed to be flexible and adaptable and that they would be expanded through experience and experimentation. When a team of workers specialize on a few tasks to become more proficient. Which management function describes this situation

Answers

The increasing efficiency, workers are split into groups and allocated specific tasks. If a project gets broken down into different parts that make up the total, it's also referring to as the "division of work".When dividing a task into smaller sections, every part could be handled with simplicity & efficiently. This concept also ensures specialization, effectiveness, and maximum productivity with both the least amount of time and effort required to accomplish the task at hand. That's why the final answer is "Division of work".

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Classify the following exchanges as "Qualifying" or "Not Qualifying" as a like-kind exchange under § 1031. Qualifies / Not Qualifying a. Improved for unimproved real estate b. Rental house for personal residence c. Business land for rental house (held for investment) d. Warehouse for office building (both used for business) e. Truck for computer (both used in business) f. Rental house for land (both held for investment) g. Office furniture for office equipment (both used in business) h. Unimproved land in Jackson, Mississippi, for unimproved land in Toledo, Spain i. General partnership interest for a general partnership interest

Answers

Answer:

a. Improved for unimproved real estate

Classification: Qualifying

b. Rental house for personal residence

Classification: Not Qualifying

c. Business land for rental house (held for investment)

Classification: Qualifying

d. Warehouse for office building (both used for business)

Classification: Qualifying

e. Truck for computer (both used in business)

Classification: Not Qualifying

f. Rental house for land (both held for investment)

Classification: Qualifying

g. Office furniture for office equipment (both used in business)

Classification: Not Qualifying

h. Unimproved land in Jackson, Mississippi, for unimproved land in Toledo, Spain

Classification: Not Qualifying

i. General partnership interest for a general partnership interest

Classification: Not Qualifying

Give examples if operational conflicts that could occur in a cross- cultural context because of different attitudes towards:1) time, 2) individualism. Give a country or region that would be different from the US for each of the two variables. (2.5 points).

Answers

Answer:

simple

Explanation:

The role of culture in influencing international business management practices and approaches is an undisputed fact [1, 2]. Studies have shown repeatedly that national cultural systems as well as individual cultures greatly affect the corporate cultural system [3, 4] in many ways. For example, national culture influences managerial decision-making, leadership styles, and human resource management practices [5, 6]. Similarly, national cultures affect managerial functions such as communication, motivation, organizational design, people’s expectations of work design, and reward systems [7]. Moreover, organizational polices (e.g., human resource polices) are influenced by various national institutions such as labor laws, educational and vocational training practices, and industrial standards and regulations [8]. In essence, culture organizes values into mental programs and the behavior of people within organizations is an enactment of such programs [9]. Organizations can be the same in such objective dimensions as physical plant, layout, or product, yet very different in the meanings, which the surrounding human cultures read into them [10]. Not only technologies and markets shape organizational culture, but by the cultural preferences of leaders and employees, national culture has a strong impact on people’s interpretations, understandings, and assessment of those with whom they work. Cultural values are important for interpersonal trust, teamwork, and the role of women in the workplace, among other issues [11, 12].

After operating for years as a privately held corporation, MidAtlantic Ironworks plans to publicly trade its stock. As a midsized firm, MidAtlantic wants to avoid excessive paperwork, and the fear of being delisted in the future. The ________ provides the best fit for MidAtlantic's plans.

Answers

Answer:

I think the answer is"manager".

As a midsized firm, MidAtlantic wants to avoid excessive paperwork, and the fear of being delisted in the future. The over-the-counter market provides the best fit for MidAtlantic's plans.

What is over-the-counter market?

Without the use of a central exchange or broker, market participants can trade stocks, commodities, currencies, or other financial instruments directly between two parties in a decentralized market known as an over-the-counter (OTC) market.

Since there are no physical sites for over-the-counter markets, trading is done online. Comparing this to an auction market structure is completely different. OTC marketplaces often have less transparency and are subject to fewer restrictions than exchanges.

By quoting prices at which they will purchase and sell a security, currency, or other financial instruments, dealers serve as market makers in an OTC market. In an OTC market, a trade can be made between two parties without the other parties being aware of the price at which the deal was made.

Even though OTC markets run smoothly most of the time, there remains a risk known as a counter-party risk that one of the parties to the transaction may default before the deal is finished or won't fulfill the current and future payments that are stipulated in the contract.

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What is the first step in the standard purchasing process practiced by most
companies?
A. Solicit bids
B. Requisition
C. Invoicing
D. Purchase order

Answers

Answer:

B. requisition

Explanation:

i have done this before, hope i helped

I think b
Hope its help for your questions

Bob and his sister Betty are co-owners of their late parents' business. Bob actively manages the business; Betty supplies capital from her inheritance but does not work in the business. They squabble over the distribution of profits from the business. Bob likely sees his sister as a _____, whereas Betty views her brother as a(n) _____. Group of answer choices predator; parasite co-owner; employee parasite; predator stockholder; manager

Answers

Answer: Parasite, predator

Explanation:

Managing businesses isn't an easy task despite it might be going well. On managing business, certain agreement has to be reached such as who finances , manages, and how interests are shared, when all these are well spelled out there would be no room for the other party to feel cheated while the other feels same way too. Betty and her brother feel cheated about each other's input regarding their business because they probably didn't spell out how the business operations would be run, they'll need to sort this out so they don't see each other so again.

. In a sole proprietorship, the owner a. has full liability for all business debts and obligations. b. has limited liability, only liable for up to the value of her investment. c. must buy insurance to cover all liabilities. d. is liable for all business debts and obligations up to the extent of all profits taken from the business.

Answers

Answer:

A

Explanation:

A sole proprietorship is a type of business that is owned by one person

Characteristics

1. it is owned by one person

2. the business has unlimited liability

3. the business has limited access to capital

4. the business usually lacks continuity. this type of business usually ceases to exist when the owner dies

5. the business is usually not separated from the owner

Advantages of sole proprietorship

They are easy to establish The owner has complete control over ownership

Disadvantages of sole proprietorship

It has a limited life span. The business usually ends when the owner dies the owner has an unlimited liability

In addition to the Small Business Job Protection Act of 1996 encouraging small businesses to allow employees to enroll into a 401(k), what percentage of vesting begins immediately for the employee

Answers

Answer:

100%

Explanation:

401(k) plans are financial provisions that guarantee financial security after retirement. Prior to the Small Business Job Protection Act of 1996, these provisions were bogus and difficult to understand/comply with by businesses. The Act simplifies the requirements and allows employees to enroll in the 401(k) plans where the annual contributions testing is bypassed. Employees vest 100% of their salary. This means that they cannot forfeit all the money contributed. After retirement, they can benefit from their deferrals and profits.

Which of the following describes the purpose and activities of a parallel team? Multiple Choice to provide recommendations and resolve issues not specifically connected to production to perform complex tasks that take place in highly visible or challenging circumstances to produce a one-time output (product, service, plan, design, etc.) to integrate activities of subunits across business functions

Answers

Answer:

Provide recommendations and resolve issues not specifically connected to production

Explanation:

Parallel teams can be regarded as highly task-focused team ,which is been drawn on individuals ranging different functional areas as well as locations. This team are usually generally make completion to their work base on defined schedule. In most cases, parallel teams are not usually disbanded but they could be there so they can handle a subsequent set of tasks. It should be noted that One of the the purpose and activities of a parallel team is to Provide recommendations and resolve issues not specifically connected to production.

A Nasdaq-listed stock currently shows an inside market of 15.50 - 15.75, 10 x 10. A broker-dealer that is not a market maker in the stock simultaneously receives orders from two customers, one to buy 500 shares of the stock at the market, the other to sell 500 shares at the market. Rather than send the orders to a market maker for execution, the broker-dealer matches the two orders with one another at 15.625, and charges each client a commission. This transaction is:

Answers

Answer:

cross trade

Explanation:

In simple words, A cross trade can be understood as a transaction  when purchase and sell requests for the identical instrument are balanced alone without transaction being recorded on the market. Whenever a stockbroker performs matching buy and sell transactions for about the exact securities across several customer accounts plus reports these on an interchange, this is known like a cross transaction.

An increase in the wage rate causes Group of answer choices a decrease in the quantity of labor demanded. an increase in labor's marginal productivity. a leftward shift of the firm's labor demand curve. a rightward shift of the firm's labor demand curve.

Answers

Answer:

a decrease in the quantity of labour demanded.

Explanation:

Changes in wage rate leads to changes in the quantity of labour demanded and not a change in demand.

Changes in the quantity of labour demanded leads to a movement along the demand curve for labour and not a shift of the demand curve.

The quantity demanded of labour is inversely related to the wage rate.

An increase in the wage rate increases the cost of employing labour. As a result, the quantity demanded of labour falls

On the other hand, a decrease in the wage rate reduces the cost of employing labour. As a result, the quantity demanded of labour increases

Jackie is the owner of a furniture store. Last year, her total revenue was $500,000 and her total labor costs were $200,000. Her overhead expenses, including insurance and legal fees, were $175,000. The rent on the building was $45,000. Jackie could earn $105,000 per year working at a nearby furniture distributor. From this information, we know that her accounting profit was

Answers

Answer:

$105,000

Explanation:

Jackie's accounting profit is $105,000 as seen from the question. This is because an addition of her expenses comes in at under $500,000. That is, when you add labor costs, insurance and legal fees as well as rent, she has a remainder of about $105,000.

Cheers

Format wars, in the context of high-technology industries, refer to: a. battles to control the source of differentiation, and thus the value that such differentiation can create for the customer. b. the confusion among customers that arises as a result of several choices of formats for PCs and other gadgets. c. the price-based battles in the network of complementary products, which is a primary determinant of the demand for an industry's product. d. conflicts within an organization about which format to adopt for their products. e. price-based battles among companies producing similar products.

Answers

Answer:

Battles to control the source of differentiation, and thus the value that such differentiation can create for the customer

Explanation:

Technical standards

This is simply refered to as a group of distinction or specifications that producers conforms or simply follows when making a particular product, or a component of it.

Format

This is simply known as set of rules through which technology operates. It is stated that all technology have constraints, that is standards and advantage(pro's)/disadvantage(con's).

Format wars

This are fights to have access or control the source of change (differentiation) and the value that such change can bring for the customer

Dominant design

This is simply known as common set of features or design characteristics of a product.

Technology in industries is changing or revolutionizing aspects of the product even in those not usually considered high- tech

A furniture producer has decided to buy its upholstery cloth from new suppliers. The president has given the purchasing manager responsibility to make the final selections and negotiate the terms. The purchasing manager looks through books with samples and specifications and then calls salespeople to make presentations to the production manager, who is concerned about how easy the cloth will be to cut and sew. In this case, the purchasing manager is a(n

Answers

Answer: All of the above

Explanation:

The options to the question include:

A. influencer.

B. a buyer.

C. a decider.

D. a gatekeeper.

E. all of the above

Based on the information given in the question, the purchasing manager is a buyer, influencer, gatekeeper, and decider.

The gatekeeper is a person who blocks the way between an individual and the decision maker in an organisation. This can be seen as he looks through books with samples and specifications and then calls salespeople to make presentations to the production manager.

The purchasing manager is also the decider as he makes the decision in the buying process for the organization. He's also the buyer and the influencer. Therefore, the correct option is All of the above.

For years, the world used a small nation in Central America as a place to assemble goods and benefit from inexpensive labor. The nation decided to shift its base from simple assembly to a full-fledged manufacture of components and finished goods. It introduced a policy that stated 65 percent of the value of a product must be produced locally. This is an example of a(n)

Answers

Answer: Local Content Requirement

Explanation:

Local Content Requirements are the rules whereby a company must get a particular amount of the final value of a good from the domestic firms by buying from the local companies or sometimes through the manufacturing of the good locally.

The local content requirements is used by the government in order to protect and develop the domestic industries and ensure economic growth.

During March, the production department of a process operations system completed and transferred to finished goods 19,000 units that were in process at the beginning of March and 110,000 units that were started and completed in March. March's beginning inventory units were 100% complete with respect to materials and 55% complete with respect to conversion. At the end of March, 30,000 additional units were in process in the production department and were 100% complete with respect to materials and 28% complete with respect to conversion. Compute the number of equivalent units with respect to both materials and conversion respectively for March using the weighted-average method.

Answers

Answer:

Production Department

                                                   Materials      Conversion

Equivalent units of production   140,000          118,400

Explanation:

a) Data and Calculations:

                                                Units     Materials      Conversion

Beginning work in process  19,000        100%               55%

Started and completed       110,000        100%             100%

Ending work in process      30,000        100%               28%

Equivalent units of production:

Started and completed       110,000        110,000 (100%)  110,000 (100%)

Ending work in process      30,000         30,000 (100%)     8,400 (28%)

Equivalent units of production               140,000              118,400

Which is a job?


A. Newspaper carrier

B. Editor

C. Graphic artist

D. Teacher

Answers

The option which is a job is: A. Newspaper carrier

An employee can be defined as an individual or person who is employed by an employer of labor to perform specific functions, tasks or duties in a company (business firm). Thus, he or she is saddled with the responsibility of providing specific services (functions, tasks or duties) for his employer while being paid a certain amount of money either hourly, daily, weekly or monthly depending on the contractual agreement between the two (2) parties i.e the employee and the employer.

A job can be defined as a group of interrelated and homogenous tasks that are performed similarly. Thus, it comprises the duties, responsibilities, functions and tasks that are performed by an employee in exchange for an amount of money as wages.

In this context, a newspaper carrier is considered to be a job because this employee is saddled with the responsibility of picking up and loading newspaper into a delivery truck or bike, deliver and sell newspaper to customers over specific routes or destinations, collect money from subscribers (customers) on a periodic basis, etc.

In conclusion, a newspaper carrier is a job while an editor, graphic artist and teacher is a profession.

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A city filed eminent domain proceedings in order to obtain 40 beach houses fronting a particularly attractive stretch of shoreline. As part of an elaborate plan to increase the city's tourist trade and revive the local economy, the city planned to sell the beach houses to a company that would demolish the houses and build a luxury hotel in their place. The owners of the beach houses have challenged the city's exercise of eminent domain, contending only that the city's plan is unconstitutional. Will the owners of the beach houses be likely to prevail

Answers

Answer:

No, because the planned sale to the private developer to increase the tourist trade qualifies as a public use.

Explanation:

Eminent domain is the provision that gives a government the ability to take a private property and convert it to public use. The owner of the property is however required to be compensated adequately.

In this instance the city filed eminent domain proceedings in order to obtain 40 beach houses as part of an elaborate plan to increase the city's tourist trade and revive the local economy.

Since this is for public gain the city has a legal right to file for an eminent domain here.

So the owners will most likely not prevail in this situation

The category of inventory performance metrics that addresses effectiveness in terms of meeting demand requirements is referred to as _____. Multiple choice question. service level asset productivity inventory turnover days of supply

Answers

Answer:

service level

Explanation:

Service level in inventory management is defined as the probability of not hitting a product stock out in a business as it relates to customer demands.

There needs to be a balance between cost of inventory (or storage) and cost of having a stock out. Such that there is a guarantee that a depletion in stock does not occur.

A failure in service level will lead to customer dissatisfaction as a result of missed sales.

highlights four drawbacks of direct production​

Answers

Answer:

Does not encourage trade as goods are produced for own use.

Citizens have limited variety of goods.

Discourages specialization as one is forced to produce everything required.

Hinders technological development due to use of simple production methods.

Explanation:

hope i helped

Morgan Company sponsors a postretirement health care plan for its employees. At the end of the current year, the expected postretirement benefit obligation (EPBO) relating to a particular employee is $25,000. To date, the employee has completed 10 of her 25 years of total expected service. The APBO at the end of the year relating to this employee is equal to

Answers

Answer:

APBO at end = $10,000

Explanation:

Given:

Expected postretirement benefit = $25,000

Years 10 to 25 years

Missing information:

Discount rate = 6% = 0.06

Find:

APBO at end

Computation :

APBO at end = Expected postretirement benefit[10/25]

APBO at end = 25,000[10/25]

APBO at end = 1,000[10]

APBO at end = $10,000

Rebel Records announces it is cutting the prices of its bluegrass album titles by 25 percent. If Rebel is seeking to increase revenues, it must believe that the elasticity of demand for bluegrass albums is Group of answer choices elastic. inelastic. of unitary elasticity. perfectly inelastic.

Answers

Answer:

elastic.

Explanation:

Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.

Price elasticity of demand = percentage change in quantity demanded / percentage change in price  

If the absolute value of price elasticity is greater than one, it means demand is elastic. Elastic demand means that quantity demanded is sensitive to price changes.

If demand is elastic and price is decreased, quantity demanded would increase. The increase in quantity demanded would be greater than the decrease in demand and this would lead to an increase in revenue.

Demand is inelastic if a small change in price has little or no effect on quantity demanded. The absolute value of elasticity would be less than one

Demand is unit elastic if a small change in price has an equal and proportionate effect on quantity demanded.  

Infinitely elastic demand is perfectly elastic demand. Demand falls to zero when price increases  

Perfectly inelastic demand is demand where there is no change in the quantity demanded regardless of changes in price.

The full disclosure principle: Multiple Choice Prescribes that accounting information is based on actual cost. Provides guidance on when a company must recognize revenue. Prescribes that a company report the details behind financial statements that would impact users' decisions. Prescribes that a company record the expenses it incurred to generate the revenue reported. Means that accounting information reflects a presumption that the business will continue operating instead of being closed or sold.

Answers

Answer:

Prescribes that a company report the details behind financial statements that would impact users' decision

Explanation:

The Full Disclosure Principle refers that the information i.e. relevant and significant for understanding the financial statement of the company should be involved at the time of filing in the public company

Also it reports the information behind the financial statement that have an effect on the decision of the users

Therefore the above statement represent an answer

When the economy is severely
depressed, according to Keynesianism,
which of the following is being
underutilized?
A. Inflation
B. Imports
C. Tariffs
D. Capital resources (land & labor)

Answers

Answer:

D.

Capital resources (land and labour)

What is the 99 in money
example: 5.99

Answers

Answer:

7.99

Explanation:

Dollars or pounds?????

i believe the .99 is the amount of cents

Which of the following communications must be reviewed and approved by a principal before it can be used? A) An internal memo to be sent to registered representatives describing a new sales technique B) Promotional material to be sent only to mutual funds and insurance companies C) A letter to be sent to all customers reminding them of a change in the tax laws D) A letter to be sent this week to 30 existing customers recommending a new service being offered by the firm

Answers

Answer:  I'm thinking C, but I cant find any evidence to help support it all to much. I looked up the answers and everything and no one knows, i'm sorry if I wasn't of any help

Good luck

The communications that must be reviewed and approved by a principal before they can be used are an internal memo to be sent to registered representatives describing a new sales technique, a letter to be sent to all customers and a letter to be sent this week to 30 existing customers recommending a new service. The correct options are a, c, and d.

An internal memo to be sent to registered representatives: Since this letter involves instructing staff members on sales practices, it should be examined and authorized by a principal. All clients are to get a letter informing them of an alteration to the tax laws: A principal should evaluate and approve this letter to make sure that it contains accurate, understandable information that complies with applicable tax regulations.

30 current clients will receive a letter this week proposing a new service the business is offering. A principal should also examine and approve this communication.  Even though it is directed towards a certain consumer segment, it is still crucial for a principal to check it to make sure the information is correct, pertinent, and compliant with the company's marketing and advertising standards.

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Prepare a short report about the importance of hotel management.

Answers

Answer:

Having a hotel management degree can help you get a lucrative entry position in food or beverage service, accounts, restaurant service, executive housekeeping, marketing, or other departments within a hotel

Auditing standards require that auditors document Group of answer choices all conversations with management. results of the procedures performed to address the risk of management override of controls. specific risks of fraud identified at the financial statement level, but not at the assertion level. all of the above.

Answers

Answer:

results of the procedures performed to address the risk of management override of controls.

Explanation:

Internal controls can be defined as the policies, set of rules, and procedures implemented or put in place by an organization to protect its assets, boost efficiency, enhance financial accountability, enforce adherence to company policies and prevent fraudulent behaviors among the employees.

The purpose of internal controls is that companies use strong internal controls to guarantee that loss is eliminated as there's an accurate and reliable accounting system.

Basically, an internal control involves the timely use of both internal and external sources of auditing or financial reporting and as such enhance the maintenance of accurate and proper financial records which would also improve their operational efficiency.

An auditor refers to an authorized individual who review, examine and verify the authenticity and accuracy of business financial records or transactions.

Auditing standards require that auditors document results of the procedures performed to address the risk of management override of controls in accordance with the public company accounting oversight board (PCAOB).

how entrepreneurs that operate in the sharing economy use creative thinking to develop and improve businesses?

Answers

Answer:

To find out future needs and trends.

Explanation:

Entrepreneurs use creative thinking to develop and improve businesses by analyzing the future needs and trends that will follow by the people so by knowing future needs and trends, the entrepreneurs started to invest in those needs and products which give him a good profit in the future and in this way the creative mind of Entrepreneurs helps in the generating of employment as well as boosting the economy of the country.

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