After recently graduating from college, you have decided to start a new business. You and several of your friends have decided to sell customized jewelry to wholesalers and directly to customers via an online web portal. You, along with 4 of your friends will each have to contribute $10,000 in initial capital to pay for the jewelry manufacturing, website design and hosting. The total amount of upfront capital is $50,000. The jewelry products are in high demand and are expected to sell with a large profit margin. Your team anticipates making a profit of $200,000 in its first year.
1. How best will you form your organization(Sole proprietorship, Partnership, Corporation), and why did you select this form of business organization?
2. Who should manage the organization? (principals or agents)
Zeta, Ltd., a company that prepares its financial statements in accordance with IFRS, has the following pending items at December 31, 2014. The company is the defendant i...Apr 29 2020
This is an Accounting Class for Family Tax PlanningOn June 1, 2013, Mario entered into a contract to sell real estate for$1 million (adjusted basis $200,000). The sale wa...May 21 2018
Assume that you are given a set of cash flows on a time line and asked to find their present value. How would you choose the discount rate to apply to these flows?May 19 2018
Is it important for coffee marketers, such as Starbucks, Kraft, and Nestlé, to create “ethical supply chains”? Why?Apr 30 2020
Chillmax Company now sells both pairs of shoes and carryalls. Next year, Chillmax expects to produce total revenue of $210,000 and incur total variable cost of $81,375. T...Jun 25 2020
A machine that cost $540,000 has an estimated residual value of $60,000 and an estimated useful life of six years The company uses straight-line depreciation Calculate it...Mar 19 2020
Which one of the following is most directly affected by the level of systematic risk in a security? î© Variance of the returns. î© Standard deviation of the returns. î©...Sep 08 2020
The first four terms in the Fourier series of a periodic waveform are(a) Find the period and fundamental frequency in rad/s andHz. Identify the harmonics present in the f...Jul 02 2020
Seth and Rachel have original investments of $50,000 and $100,000 respectively in a partnership. The articles of partnership include the following provisions regarding th...May 06 2020
The block diagram of a machine-tool control system is shown in Figure 1. (a) (10 points) Determine the transfer function H(s) = Y(s)/R(s) (b) (10 points) Determine the se...Jul 28 2020
Welcome to MyCourseHelp Services, World's leading Academic solutions provider with Millions of Happy Students.