Reference no: EM133847405
Case: What are the three forms of business generally encountered in the US? What are the main defining characteristics of each? Corporation, Partnership, and Sole Proprietorship.
In a Sole Proprietorship business, the business is owned by a single individual while in a Partnership, its owned by 2 or more. Under a Partnership, proprietors share profits, along with liabilities, which has the potential to be bad if one partner makes poor decisions. A Corporation is separate from its owners, granting shareholders protection from the debts of the company.
What is the basic goal of a business?
The basic goal of a business is maximizing shareholder wealth. It involves increasing the business worth over time through improved stock prices, profits, and financial stability.
If someone asked you to describe finance, how would you describe it? How is it similar from accounting?
With finance, you're managing money, where to spend, the best place to invest, and what will scale your business or help you make the most money as an individual. On the flip side, accounting is concerned with the recording and tracking of financial transactions, compliance with the law and preparation of financial statements. Both finance and accounting work with money, but accounting is more historical in nature, whereas finance is more about future actions. Get quick and affordable assignment help now!
What type of company is often described as a combination of a partnership and a corporation.
A Limited Liability Company
Which position generally leads the financial function in an organization?
The CFO typically manages financial processes for a company.
Within the financial function of an organization, which office generally is responsible for managing the firm's cash and credit, its financial planning, and its capital expenditures.
The Treasurer's Office
Within the financial function of an organization, which office is generally responsible for handling cost and financial accounting, tax payments, and management in formation systems.
The Controller's Office
What is known as a potential future negative impact to value and/or cash flows, and is also often discussed in terms of the probability of loss and the expected magnitude of the loss.
Risk can mean the chance of financial loss, or the range of outcomes for expected returns
|
Sales of capital assets, and on-behalf payments
: Property taxes, sales taxes, income taxes, licenses and permits, fines, grants and donations, sales of capital assets, and on-behalf payments
|
|
Which of these is a benefit to quitting smoking
: A patient would like to quit smoking, but she is unsure of the benefits. Which of these is a benefit to quitting smoking that her provider should inform her of?
|
|
How does budgeting in not-for-profit organizations
: How does budgeting in not-for-profit organizations differ from governmental budgets? Provide examples.
|
|
Describe how each changes your perspective
: After reading through the barriers and facilitators of physical activity, name one barrier and one facilitator. Describe how each changes your perspective.
|
|
What is known as a potential future negative impact
: What is known as a potential future negative impact to value and/or cash flows, and is also often discussed in terms of the probability of loss and the expected
|
|
Which is a medication for helping people stop smoking
: Which is a medication for helping people stop smoking that is available in the United States over-the-counter without a prescription?
|
|
Introduction to early childhood education
: What elements does curriculum include? To create an effective curriculum with challenging and achievable child outcomes what must a teacher do?
|
|
Explain how the progressive discipline process
: Explain how the progressive discipline process could reduce turnover or how it is important for documentation purposes
|
|
Relationship cohesion-self-esteem support for both clients
: Explain how in your role as the couple therapist you would help create relationship cohesion, self-esteem support for both clients.
|