User Account

All Pages

Discuss advantages and disadvantages of sole proprietorship

Assignment Help Accounting Basics
Reference no: EM131355596

Discussion Questions 1 & 2

DQ #1: Current Liability

What is a current liability? From the perspective of a user of financial statements, why do you believe current liabilities are separated from long-term liabilities? Based on your current experience as well as any additional research you may have done, provide two examples of situations where businesses collect monies from customers and employees and report these amounts as a current liability.

DQ #2: Client Recommendations

A client comes to you thinking about starting a consulting business. Your client is specifically interested in what type of entity should be created for this new business. Based on your readings, or any additional research you may have done, discuss the advantages and disadvantages of the following: sole proprietorship, partnership, and corporation. Based on these advantages and disadvantages, provide a clear recommendation to your client.

Reference no: EM131355596

Questions Cloud

Estimate the intrinsic value of each share of stock : IO Taxes Inc. is a large but privately-held all-equity firm in the tax planning industry. While IO Taxes is not publicly traded, its close competitor, H&R Rock Inc., is and has an unlevered and unadjusted equity beta of 1.3. Estimate the intrinsic v..
Describe the persons response to the dilemma heinz faced : Describe the person's response to the dilemma Heinz faced. - Identify the stage from Kohlberg's theory of moral development that best fits with the interviewee's responses.
Greatest security threat to an organization : Employees are often the greatest security threat to an organization. It may be a disgruntled employee who felt he or she was poorly treated or a model employee who simply didn't follow company policy for keeping his or her computer secure.
Prepare a debate paper on taxation and representation : In the years between the end of the French and Indian War and the skirmishes at Lexington and Concord, 1763-1775, the colonies and the mother country debated the right of Parliament to legislate for the colonies. The British claimed that Parliamen..
Discuss advantages and disadvantages of sole proprietorship : Your client is specifically interested in what type of entity should created for new business. Based on your reading, or any additional research you may have done, discuss advantages and disadvantages of sole proprietorship.
Write a computer program to implement a discrete hopfield : Write a computer program to implement a heteroassociative neural net using the Hebb rule to set the weights (by outer products). The program should read an x vector from a 9 x 7 array - Write a computer program to implement a discrete Hopfield net ..
Calculate the pin reactions at these points : The wall bracket shown is pin-connected at points A, B, and C. Calculate the pin reactions at these points. Neglect the weights of the members.
Roles and responsibilities for implementing an sap : Please help (information technology question) the roles and responsibilities for implementing an SAP at your fictitious company. Include the following:
Determine whether or not the block will slide : A 150 lb block rests on a horizontal floor. The coefficient of friction between the block and the floor is 0.30. A pull of 40 lb, acting upward at an angle of 30° to the horizontal, is applied to the block.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd