There are a lot of legal forms for businesses. In this paper, I will talk about these forms; sole proprietorship, partnership, limited liability partnership, limited liability company, S corporation, franchise, and corporate form. I will try to develop scenarios in which each of these forms of business would be the preferred form. For each scenario, I will justify why the corresponding business form is preferred. Sole proprietorship is the first form of businesses and it is the simplest form of business
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one of the three financial statements. The other two are the balance sheet and the statement of the cash flows. Brandywine Homecare’s total profit margin of 12.5 percent shows that the homecare makes 12.5 cents on every dollar of total revenues. If the company doubled its depreciation, both net income and profit margin would be zero. The cash flow will be the same for both cases, which is $3 million. Cash accounting and accrual accounting are two similar methods of maintaining accurate accounting
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Scope of Topic: Is a $15 minimum wage in large American cities fair to the affected businesses? On Nov 2014, San Francisco has voted to raise the minimum wage to $15 over a course of the next three years. This article intends to analyze the impact of the decision on businesses. The ripple effects of the wage hike are felt not just businesses that employ blue-collar workforce but also by larger corporations and the US economy as a whole. The wage hike is primarily aimed at providing economic stimulus
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either help or hinder the development of businesses.” Businesses surrounded by a stable business environment can function successfully. Businesses that focus on their business environment closely can to make changes accordingly. Nickels, McHugh, and McHugh (2010) “Businesses normally can’t control; their environment, but they need to monitor it carefully and do what they can to adapt as it changes.” The economic and legal environments are areas where businesses try to focus on not losing any money
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Finally, in 1492, he and 90 men set sail on the ship the Santa Maria. Two other ships, the Nina and the Pinta, came too. About two months later, on October 12, they landed in the Americas. Columbus and his crew believed they had landed in India. They had really landed at what became known as San Salvador Island, now part of the British Bahamas. Today
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in Finland first two mobile phones enabled coca cola vending machines were installed. SMS texts were used by consumers pay to the vending machines. First mobile based banking service was also launched in Finland using sms in 1997. Mobile phones have played crucial role in gluing together social interaction and relationships. Business environment is evolving briskly and businesses are striving to discover new ways to build strong customer relationships. Technology has enabled two-way conversation
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ETHICAL REFLECTIONS ON THE CHALLENGES FACING INTERNATIONAL BUSINESSES IN DEVELOPING AREAS Frederick Bird, Concordia University June17, 2003 (Preliminary draft: Please do not cite without permission) Introduction: We now live in a world where the lives of all peoples are inextricably inter-connected. We have been brought closer to each other through modern systems of transportation and telecommunication. Commercially the links between people grow in number and complexity. Elements in the products
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its role in job creation” (Bee, 2004). Small businesses have generated sixty-four percent of new jobs over the past fifteen years. Over the past twenty-five years, they have generated sixty-seven percent of new jobs. Wherever the small business is located, it provides new job opportunities for the families seeking employment in the area. The creation of these jobs is greatly accepted throughout the entire community. Bee concludes that small businesses have higher survival rates than most people
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the environmental level is the Macro Screening. This is based on our compilations of businesses among each members of the group. On the variables we used, we have agreed and came up with the 3 Businesses which are the HOTEL AND RESTAURANT, FARM and BAKESHOP. There are several businesses which are just the same as the other members already have, so we thought to combine the others. We had chosen the three businesses based on our first activity we have done. The table below shows our Macro screening
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circular flow diagram will be introduced to describe the representation and interactions with households, government, and businesses. The current economic conditions of the world affects individuals. The most valuable economic indicators will be recognized as affecting the organization along with reasoning of the effect. Part One: * Gross Domestic Product (GPD)- The GDP has two approaches, income and expenditure. The income approach is measured by the income earned by national household during
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