and the bank from which they have borrowed money from time to time. They are considering selling the store but are uncertain about how to establish an asking price. Prepare a brief written answer (no more than a couple of paragraphs) about what type of information is likely to be included in the material prepared by the CPA that may help the Browns establish an asking price for the store. Assignment #1 Reviewing the past and present financial statements
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PARTNERSHIP Partnership is defined as a relation between persons who have agreed to share the profits and losses of a business carried on by all of them or any of them acting for all‚ on a pre agreed profit sharing ratio. The main types of partnerships are general partnership‚ limited partnership and Joint venture. General Partnership is a partnership in which all the partners share equal responsibilities and liabilities in the partnership firm/company. The main characteristic of general partnership
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and taxed at the capital gains rate when the unit holder sells. This creates a pass-through entity that is sustainable as long as 90% of the cash flow is distributed and certain asset ownership is followed. KMI began amassing energy assets that would generate stable‚ long-term cash flows. Incentive to allocate capital2 and a lower cost of capital due to an absence of taxes drove KMI to grow the business. The profit-sharing structure set up between the general partner KMI and the limited partner
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her. - Some standards of care‚ skill‚ diligence and delegation and reliance be shown by Hanrahan‚ Ramsay and Stapledon: “Detailed inspection of day-to-day activities is nor required but what is required is a general monitoring of the company’s business affairs. Accordingly‚ a director should attend board meetings
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in detail than mechanistic bureaucracy which is more a standard company that has flexibility. Machine bureaucracy is more about routine than mechanistic bureaucracy because the machine company does the same thing day in and day out. Both of these types of companies rely on their procedures and rules that are in place. Professional bureaucracy and organic structure are similar because they are both decentralized forms of control. A professional structure would be a company that has very knowledgeable
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Executive Summary The name of the business came upon the proposal of the researchers to engage in vending machine service industry. Each researcher reasoned out their own choice to defend whether it is proper in a service industry in vending machines selling over the counter medicines and after a thorough discussion and a quick online survey‚ the researchers named the project “MedEx® Vending Machine Company”. The MedEx® Company renders service in pharmaceutical companies‚ selling their products by
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Financial Forecasting CheckPoint FIN/200 Axia College of University of Phoenix Write a 200- to 300-word explanation of the reasons the following types of companies would need a financial forecast: brand new company‚ family-owned company‚ and a long-standing corporation. The reason type of companies such as brand new companies‚ family-owned companies‚ and long-standing companies would need a financial forecast is to develop projected financial statements; a series of pro forma. The information
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directors of the company have the authority to perform‚ all procedures of the corporation have been complied with‚ and that all the terms and conditions in the company’s regulation have been fulfilled. To do so will not encourage smooth running of business.
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MANAGEMENT FEASIBILITY FORM OF BUSINESS ORGANIZATION As a general partnership‚ ChixChops will be run by six partners‚ namely Mr. Van Arlex Agrimano‚ Ms. Nerileth Bocar‚ Ms. Mae - Ann Capariño‚ Ms. Mary Diana Kangleon‚ Ms. Vanessa Aira Laviña and Ms. Hannah Maria Solis. Ms. Bocar and Ms. Kangleon are responsible for Planning and Strategy including the resources needed for the development of effective strategies. Ms. Laviña and Ms. Solis are responsible for Marketing and Sales which include print
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securities. Example 3.10 in page 72 Example 3.11 in page 74 Problems 14‚ 17‚ 18 (pages 78-80) You will also have the opportunity to answer several questions from the next pages Chapter 1 - The Corporation 1.1 The Four Types of Firms 2) Which of the following organization forms for a business does not avoid double taxation A) Limited Partnership B) C Corporation C) S Corporation D) Limited Liability Company Answer B 3) Which of the following organization forms has the most revenue A)
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