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Question - You are an entrepreneur. You and a friend develop a new design for in-line skates that improves speed by 25% to 30%. You plan to form a business to manufacture and market the skates. You and your friend want to minimize taxes, but your prime concern is potential lawsuits from individuals who might be injured on these skates.
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What form of organization do you set up? Explain your rationale.
Describe the ethical aspects you considered to select this form of organization.
Explain the ethical ramifications if you selected the other forms of organization. Note there are three forms of organization you could select from, (sole proprietorship, partnership or corporation) so explain the ethical ramifications for the other two forms of organization you did not select.
Lynn and Laurie are married and have two children, Josh (15 years old) and Julie (19 years old). Laurie works for Fox Corporation as a drilling superintendent. Lynn runs an internet business, Handy Hints, from their home that provides handyman adv..
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Ambrosia Inc. reported sales of $2 million for 2012. Accounts receivable decreased $150,000 and accounts payable increased $300,000.
Prepare the entry to record the year-end adjusting entry for estimated returns. Record the year-end adjusting entry for estimated returns
The risk-free rate is 6% and the expected rate of return on the market portfolio is 13%. Calculate the required rate of return on a security
Equipment BV 50,000 FV 90,000 life of 8 years on X1. Building BV 70,000 FV 40,000 life of 12 years. What are the eliminating entries in Year 3
The grant is conditional upon the completion of three years after the vesting date. What is the equity component on January
XOS Corporation (XOS) sells accounting-related memorabilia at a small store. The company was organized and began operations on January 1, 2016.
The customer was unable to pay and the company treated it as a dishonored note. Record the journal entry that Jason will make for the dishonored note
using your own present or previous place of work as an example propose a method for mitigating the problem of separate
deckyard company distributes a lightweight lawn chair that sells for 80 per unit. variable expenses are 40.00 per unit
why do companies offer stock options? what is the experience of either your organization or an organization that you
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