Join the lil-help community to get work done and help others: Ask questions from the community Help others by answering questions Earn cash when you reach expert status FIN Week 6 Asked by maddy 4 years ago Guillermo Furniture Store Recommendation Resources: The Guillermo Furniture Store Scenario or your own organization, with the approval of your instructor, for this assignment Write a paper in no more than 2, words that analyzes Guillermos alternatives and make a recommendation of a financial decision.
Customer, it is a pleasure doing business with you. I have researched your concerns and found several options that are viable for you and the startup of your company. I hope you will find the following information helpful in making your decision regarding the structure of your business.
We will be next to you all the time from creating a plan to advise your company how to form a business, the crucial financial choices, and finalize legal actions. Deciding which Fin571 week 6 structure is the best for organization can be difficult if you are unsure of what the type and which best is suited for your business purpose.
Each of them has different legal and tax implications. The following are the business structures that you should consider. As always I am available to discuss any of these options and am looking forward to further discussions with you.
Sole Proprietorship The first option is that of sole proprietorship. This option is the simplest business structure available. The business will be operated by yourself so that you will be in charge of the business from business liabilities, debts, and losses.
Also the owner you receive all profits made by the business, but must pay personal income taxes on all the net profits from the business. The taxes for the business are claimed on your personal income tax forms since the business does not claim separate income taxes.
Partnership The next option is the structure of partnerships. Partnerships occur when two or more people join together to form a business. You have the options of two kinds of partnerships which are limited and general. One way to avoid this is to create a limited partnership.
When a partner is a limited partner, they cannot be involved in the daily operations of the business and they relinquish their ability to be actively involved in managing the business. They also have limited liability regarding any debts and judgments against the business.FIN Week 6 Final Exam Multiple Choice Question 51 Which of the following is considered a hybrid organizational form?
corporation partnership limited liability partnership sole proprietorship Multiple Choice Question 59 Which of the following is a principal within the agency relationship?
a shareholder the board of directors a company engineer the CEO of the . FIN WEEK 6 – All 5 Answers. Question 1. Briarcrest Condiments is a spice-making firm. Recently, it developed a new process for producing spices. The process requires new machinery that would cost $1,, have a life of five years, and would produce the cash flows shown in the following table.
FIN Week 6 Final Exam Answers FIN Week 6 Final Exam MCQ (***** 30/30 Correct *****) 1. Which of the following is considered a hybrid organizational form?
· corporation · sole proprietorship · limited liability partnership · partnership 2. Which of the following is . FIN Week 6 Final (FIN Week 6 Finals EXAM MCQ) FIN/ Week 6 Final Exam Quiz. Main. Similar Questions.
Home. Business & Finance homework help. Report Issue. FIN Week 6 Finals EXAM (***** 30/30 Correct Answer *****) % A+ Score. Multiple Choice Question FIN WEEK 6: All 5 Answers 1. Briarcrest Condiments is a spice-making firm.
Recently, it developed a new process for producing spices. The process requires new machinery that would cost $1,, have a life of five years, and would produce the cash flows shown in the following table.
Year Cash Flow 1 . FIN Week 6 Individual Signature Assignment About Your Signature Assignment: This signature assignment is designed to align with specific program student learning leslutinsduphoenix.com