makes all the decisions and does not have to engage a legal department to approve contracts. The owner of such a business can only use personal funds even though he or she may have separate checking and savings accounts for the business. The first characteristic of this form of business enterprise is liability. A sole proprietor suffers from unlimited liability. The owner becomes liable personally for all the obligations and debts of the business. The second characteristic is income taxes. Businesses
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SOLE PROPEITORSHIP: This is the most common form of business today. The sole proprietorship is owned by a single individual who makes all of the business decisions when it comes to the operation of the business. Sole proprietorships are not legally differentiated from the owner; therefore the owner is legally liable for any business debts that are incurred or any lawsuits brought against the business. It is also much harder for sole proprietors to obtain credit since they are using their own
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Assignment 3: Long-Term Investment Decisions-Low Calorie Microwavable Food Company Name: Professor: Course title: Institution: Date: Outline of plan for pricing strategies to reduce products price elasticity Low calorie Microwavable Food Company should consider the following pricing strategies to reduce price elasticity to achieve maximum profits. 1. Branding: This strategy involves creating a unique product identity, which customers can easily relate with
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granola snacks — each of these products contain no added sugar or preservatives in order to appeal to the diet/health conscious consumer. The production, distribution and sale of each of SPI’s products is subject to the Federal Food, Drug and Cosmetic Act in the USA and other federal, local and state laws in the regions in which SPI conducts business. Although SPI’s competition in the cosmetics, shampoo, paper towels, diapers, juice, and snacks markets has remained fairly constant over the past
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for financial and investment planning, banking, insurance, and business financial management. (3) Financial Mathematics is a course about personal money management. Students will apply critical-thinking skills to analyze personal financial decisions based on current and projected economic factors. (4) Financial Mathematics will integrate career and postsecondary education planning into financial decision making. (5)(4) The mathematical process standards describe ways in which students
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Businesses fall under one of two federal tax systems: Taxation of both the entity itself (on the income it earns) and the owners (on dividends or other profit participation the owners receive from the business). This system applies to the business S-corporation-called the "C-corporation" (C-corp) for reasons we'll see shortly-and the system of taxing first the corporation and then its owners is called the "corporate double tax." "Pass through" taxation. The entity (called a "flow-through" entity)
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* Department of Treasury - The Department of Treasury is the main body that will manage and design the fiscal policy. * Office of management and budget - The office of management and budget, is the section of the government that will develop and analyze fiscal policy. * Office of the president - The office of the president has an input on the decision making regarding the fiscal policy. * Government accountability - There is a government accountability office that will audit the fiscal
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benefit financially from. Any money earned must be retained by the organization, and used for its own expenses, operations, and programs. Many non-profit organizations also seek tax exempt status, and may also be exempt from local taxes including sales taxes or property taxes. (investorwords.com). Bottom line, their purpose of existence is for the greater good of the community by the services they offer. A few well-known non-profit organizations are Kaiser Permanente, Easter Seals, Habitat for Humanity
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2014 Instructor Crystal Chilman Financial Environment Financial environments in the health care industry provide a vital part in the service, quality, and care. Each health care organization fits differently within the environment. Financial management of each organization is needed for external and internal operations and financial status. The provision of health care services is dominated by not-for-profit (NFP) organizations, for-profit (FP), and governmental, (Gapenski, 2008). The job of
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Nelson responded, “it is a business decision that was made in order to stay competitive and to protect the business for the long term" (Garcia, 2016). In that case, it is clear that raising the minimum wage is such a disadvantages for many people. Considering this, would it be better if the
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