Is this story: sole proprietorship, partnership, OR corporation?


When I was three years old, I started making candy with my grandmother. I am now 10 and I want to sell chocolate candy with a farm theme to my friends and family. My product ideas include Brown Cows (chocolate cows on a stick), Pigs in Mud (marshmallow dipped in caramel, nuts and chocolate) and Farm Eggs (jelly beans dipped in chocolate). The start-up expenses for my business are pretty small: a few candy molds, candy and chocolate.) My parents have agreed to loan me the money I will need and to let me work in the family kitchen. Schoolwork has to take priority over business so if I have more sales than I can handle, I will probably ask friends or my older brother to help. My brother is also pretty good at math and computers so he could help me with keeping track of my expenses and advertising. I really like the product development and packaging part of the business.


Answers

Answer 1
It's a partnership. I have to write more words but that's what that arrangement is.
Answer 2

The story is about a sole proprietorship.

A sole proprietorship is a form of business organisation that is owned by a single person.  

Characteristics of a  sole proprietorship

1. it is owned by one person

2. The liabilities of the company is unlimited.

3. The business has a limited capacity to raise capital.  

Advantages of sole proprietorship

1. They are easy to establish

2. The entrepreneur has complete control over the business  

Disadvantages of sole proprietorship

1. The business ceases to exist when the business owner dies.

2. the owner has an unlimited liability.

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Related Questions

Drew is considering purchasing a new vehicle. What are three things he should review closely on the contract

Answers

The actual purchase price, the term of the loan/monthly payment, and the dealer fees

which of the following is NOT a step you should take to work with electrical portable tools safely? a. never carry a tool by the cord b. turn on energy sources and lock switcg gear in the ON position c. use alll equipment according to the manufacturers instructions d. use only approved equipment

Answers

The step that you should not take to work with electrical portable tools safely would be turning on energy sources and lock switch gear in the ON position because it would endanger your life. Turning on energy sources will emit electricity to the gear and if you will lock it, there might be a danger that you will get grounded.

Hours of labor or number of workers are common ways of measuring a company's _________?
A.

Division of labor
B.

Productivity
C.

Use of technology
D.

Diminishing returns

Answers

The variables you say, it means Hours of labor and numbers of workers are things that are related to productivity.So the option you are looking for is option B. Hope this is good for you 

Answer: B: Productivity

Hours of labor or number of workers are common ways of measuring a company's productivity.

Explanation:

Productivity refers to output per unit of input. It means efficient usage of labour, capital, land, materials, resources, energy and so on in the production of goods and provision of services. In other words, it is the efficiency of the production process or measurement of efficiency.

The standard way to say a word is called ________________.

Answers

Pronunciation is the standard way of saying words. 

Which of the following actions would likely raise automobile insurance premiums?


Maintaining a safe driving record
Never being involved in a collision
Receiving multiple speeding tickets
Taking a comprehensive safe driving class

Answers

Receiving multiple speeding tickets would likely raise automobile insurance premiums. Usually it is raised more for boys versus girls.

Answer:

Receiving multiple speeding tickets

Explanation:

The action that would likely raise the automobile insurance premiums is receiving multiple speeding tickets because this indicates the insurance company that this person has a high risk of accidents because of the way that drives and with the higher risk, the insurance premium will increase.

The other options: maintaining a safe driving record , never being involved in a collision and taking a comprehensive safe driving class don't increase the risk of being involve in an accident so the insurance company they won't raise the premium.


1. What types of interest groups are the ADA and the ACU? Why do you categorize them that way?

2. What issues do you see the ADA standing for? Give examples.

3. What kinds of tactics can you infer these interest groups use to influence the government?

4. What fundraising appeals do you notice on the two Web sites?

5. Which group do you think is more effective?

Answers

1.  The ADA is an American political organization advocating progressive policies. An“independent liberal lobbying organization.” The ACU is a “grassroots conservative lobbying organization.”

3.  ADA stands up for social and economic justice. They achieve success in doing so through lobbying, grassroots organizing, research and supporting progressive candidates.

Numbers 1 and 2 are the questions I can only manage to answer, you can do a bit of research for the rest of the items.

I hope my answer has come to your help. Have a nice day ahead and may God bless you always!

The ADA is the American political organization that advocates for progressive policies. ACU is a grassroots conservative lobbying organization.

ADA is an interest group that is vital for enhancing justice. Recently, they were several ADA professional members that are involved in diabetes research.

Some of the tactics that are used by these interest groups include lobbying, word-to-word communication, etc.

An example of fundraising appeals that was noticed on the two websites is a direct donation from the public.

I believe the group that's more effective is ADA due to their contributions in making a positive change to the country

Interest groups are the groups that try to influence the policies of the government. There are various methods that are used by interest groups to achieve their aims. These include lobbying, publicity stunts, media campaign, etc.

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https://brainly.com/question/2873616

The main purpose of the company known as Credit Mobilier was to
a. Build the transcontinental railroad
b. Obtain political positions for its shareholders
c. Obtain a monopoly of the railroad industry
d. Filter money from inflated construction back to the company shareholders

Answers

The best and most correct answer among the choices provided by your question is the fourth choice or letter D.

The main purpose of the company known as Credit Mobilier was to filter money from inflated construction back to the company shareholders.

I hope my answer has come to your help. Thank you for posting your question here in Brainly. We hope to answer more of your questions and inquiries soon. Have a nice day ahead!

Voluntary exchanges happen when both parties expect to _____.
gain
lose
barter

Answers

I would say 'barter'. Barter means exchange. 'Gain' would not work because although you are receiving something, you are losing something at the same time. Similar with 'loss'.

steve and his brother used to work at the same organization. a few months ago their employer terminated them because the business had slowed due to slow economic growth in the country. a couple of months later, steve found out that many of his friends are also unemployed. the government stated that gdp had fallen for two consecutive quarters. steve’s country is experiencing which economic phase?
A.) Inflation
B.) depression
C.) Deflation
D.) recession

Answers

The answer is D, recession

Answer:

D.) recession

Explanation:

A recession is a state in which there is a negative down turn in an economic growth causing the GDP growth to reduce drastically.If a country's economy is facing recession, business sales and revenues would decrease thus causing lot of businesses to stop expanding. This would latter lead to retrenchment of staff and cause an inccrease in percentage unemployment rate.

Most cover letters are two pages in length. True or False ?

Answers

Answer: False

Explanation:

A cover letter refers to a letter which is written on one page to give additional information or details in a resume. The additional details or information include: skills, achievement, experiences and so on of the person. Hence, it the first introduction which is written to match the job ad.

Most cover letters are two pages in length is False. Therefore, the correct option is B.

Most cover letters are typically one page in length. A one-page cover letter is considered concise and to the point, allowing the applicant to highlight their qualifications, experiences, and interest in the position without overwhelming the reader with excessive information. While there may be exceptions in certain industries or for specific positions that require more detailed information, the general practice is to keep cover letters concise and focused on the most relevant points.

Thus, the ideal selection is option B.

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The complete question might be:

Most cover letters are two pages in length?

A. True

B. False

You can't save any money because you need every dime just to pay your mortgage and bills. What answer describes your situation? a. Upside down in your mortgage? B. Poverty. C. Foreclosure. D. House Poor.

Answers

Final answer:

Being D)'House Poor' means a significant portion of your income is spent on housing expenses, preventing you from saving money, and is the correct term for not being able to save due to mortgage and bill payments.

Explanation:

If you can't save any money because you need every dime just to pay your mortgage and bills, the term that describes your situation is House Poor. Being House Poor means that a large portion of your income is going towards housing expenses, leaving little to no leftover funds for savings or other expenditures. This situation is typically not related to being upside down in your mortgage, which occurs when you owe more on your mortgage than the actual value of the house, or poverty, which can encompass a broad range of economic hardships, nor foreclosure, which is a legal process where the lender takes possession of the property due to nonpayment of the mortgage.

Final answer:

The description of not being able to save money due to all funds going towards mortgage and bills best fits the scenario of being House Poor. This condition is different from having a mortgage upside down, being in poverty, or facing foreclosure.So,option D. House Poor is correct.

Explanation:

If you cannot save any money because every dime is needed to pay your mortgage and bills, the situation described is being House Poor. This term refers to a person who owns a home but has little to no spare cash after servicing their mortgage and household expenses. Being house poor differs from upside down in your mortgage, which means owing more on the mortgage than the home's value. It is also not the same as poverty, which generally refers to a state of being extremely poor, or foreclosure, which is a legal process where the lender takes control of the property due to the borrower's failure to keep up mortgage payments.

Foreclosures significantly contributed to economic disparity following the housing market crash of 2008, often resulting from predatory lending and a lack of banking oversight. Homeowners found themselves unable to manage the high cost of their loans, being 'underwater' or 'upside-down' in their home value. This resulted in banks repossessing homes, thereby exacerbating issues related to housing insecurity and homelessness.

A cash budget will not help identify possible problem times.

True
False

Answers

False

The cash budget contains an itemization of the projected sources and uses of cash in the future. It is used to ascertain whether company operations and other activities will provide a sufficient amount of cash to meet projected cash requirements. 

The correct answer is False

Explanation:

A cash budget refers to a tool used to predict and control the amount of money that would be spent, this applies to the money that is expected will be spent in a business during a certain time or the money that is expected to be spent for a project. Due to this, in projects, a cash budget is useful to identify possible problems related to the budget or money including possible problem times. According to this, it is false a cash budget will not help identify possible problem times because is useful to predict problems related to money and time.

in a contract what is a consideration?
a.business tort
b. breaching the contract
c. exchanging things of value
d. the minimum age for the contract

Answers

Exchanging things of value

Answer: A for edgeunity

Explanation:

Beacause the perosn below me is awesome Brianliest would be appreciated !:)

It is less important to account for factors like warranties and durability when purchasing a
A. durable good
B. long-term product
C. nondurable good
D. very expensive item

Answers

it is less important to account for factors like warranties and durability when purchasing as :
A. durable good
Since you probably buy this for a long-term usage

hope this helps

It is a nondurable good.  As this would not have warranties and durability.

List at least four investment alternatives.

Answers

hedge funds

managed futures

real estate

commodities

Answer:

1. Private Equity

2. Commodities

3. Structured Products

4. Collectibles

Explanation:

I got it right on Odyssey   : )

Money that your company has in the bank in case of unexpected financial needs or in case sales slow down is called

Answers

Answer: cash reserve

Explanation:

Edge utility

What is the main advantage of using a credit card?

Answers

It is time saving.
it is quick and efficient
the main advantage of using a credit card is to get money

Which of the following savings vehicles usually requires a high minimum balance?
a) simple savings account
b) Certificate of Deposit (CD)
c) Checking account
d) all of the above

Answers

B. Certificate of Deposit (CD) is the savings vehicle which usually requires a high minimum balance.
A CD is a certificate issued by a bank to a person depositing money for a specified length of time at a specified rate of interest.
Final answer:

The savings vehicle that usually requires a high minimum balance is b) Certificate of Deposit (CD), where money is deposited for a set period for a higher interest rate.

Explanation:

The correct answer to the question is b) Certificate of Deposit (CD). A Certificate of Deposit is a savings vehicle that requires a saver to deposit a certain amount of money, typically in the thousands of dollars, and leave it in the bank for a specified period which can range from a few months to several years. In return for this commitment, the bank offers a higher interest rate than that of a regular savings account. CDs usually require a high minimum balance compared to other options like simple savings accounts or checking accounts, which may offer more flexibility but lower interest rates.

Checking accounts, while providing easy access to funds through checks or debit cards, typically have lower minimum balance requirements and pay little to no interest. Simple savings accounts may vary regarding their minimum balance requirements but seldom require the same high levels as CDs.

Is federal income tax a direct or indirect tax? Explain your response.

Answers

An indirect tax as the money doesn't go directly to the government. It comes from some other person or a group.

Which statement is false?
A monopoly sells lower-quality products at higher prices than in a perfect competition.
Natural monopolies are necessary to avoid wasteful duplication of resources.
Collusion is legal in the United States, but cartels are not.
The start-up costs in a monopolistically competitive industry are low.
Homogeneous products leave consumers with no choice.

Answers

the answer is The start-up costs in a monopolistically competitive industry are low.

The correct answer is C. Collusion is legal in the United States, but cartels are not.

Both collusions and cartels are illegal in the United States

Standards of performance, or "performance goals" are used to?
A. Communicate nonverbally
B. Determine a worker's attitude
C. Measure effectiveness but not efficiency
D. Measure Productivity

Answers

The right answer is A. communicate nonverbally

Individuals have to choose whether to save or invest since it is not recommended to do both
True or false?

Answers

False. Investing is sometimes considered a form of saving money people use other than savings accounts

for this answer it would be false 

_____ is used to measure the standard of living, or quality of life.

GDP per capita
Population
Gross National Product (GNP)

Answers

this is incorrect the right answer is GDP per capita

Answer:

GDP per capita

Explanation:

Explain the difference between at least four different post-secondary options, and provide an example of one possible career choice that exists within each option.

Answers

Postsecondary education refers to those whose highest level of educational attainment is an apprenticeship or trades certificate or diploma (including 'centres de formation professionnelle'); college, CEGEP or other non-university certificate or diploma; university certificate or diploma below bachelor level. Examples of institutions that provide post-secondary education are vocational schools, community colleges, independent colleges (e.g. institutes of technology), and universities in the United States, the institutes of technical and further education in Australia, pre-university colleges in Quebec, and the IEK

TRUE or FALSE. A treasury bill must be 13 weeks.

Answers

its true it is supposed to be in 13 weeks
It is split into 4 sections.

4-Week Bill

13-Week Bill

26-Week Bill

52-Week Bill

I hope this helped :)

Bridget has opened a new clothing boutique. When would you say that the clothes she sells are in demand?
a.if buyers have the ability and desire to buy the clothes
b.if Bridget has the ability and desire to buy the clothes
c.if Bridget has the ability and desire to sell the clothes

Answers

The correct answer is a.if buyers have the ability and desire to buy the clothes

This example has a lot to do with the market demand and production ideas. If the people can't buy it then the product won't succeed. If they won't buy it then it won't succeed either. So you need both the desire and the ability on the side of the buyer.

Answer:

A.  

if buyers have the ability and desire to buy the clothes

Explanation:

Mary Martin earns a gross salary of $2,000 per month. State unemployment insurance of $90 is withheld from each of her monthly checks. What percent of gross earnings is state unemployment insurance?

Answers

So in order for us to know the answer, let us analyze the given problem. Given that Mary's gross salary is $2,000 per month, and that the state unemployment insurance is $90, we can get the percentage of this by simply dividing 90 by 2000 and we get 0.045 or in percent, this would be 4.5%. Hope this is the answer that you are looking for.

While reading difficult content, you should always start with



a.

Surveying the chapter

c.

Reading the chapter


b.

Defining vocabulary words

d.

None of these






Please select the best answer from the choices provided




A

B

C

D

Answers

I would go with a because you need to preview/ survey the content.

Answer:

a.Surveying the chapter

Explanation:

Surveying the content can help you identify and have a better context on what the chapter and the document in general will tell you, this can help you better understand what you are going to be reviewing and reader and give you an easier look at what you are about to read.

What portion of discretionary spending is typically spent on defense?

about half
about two thirds
about one fourth
about one third

Answers

2/ About two thirds of the discretionary spending is spent on defense.

Answer:

about half

Explanation:

in 2015, military spending accounted for 54 percent of all federal discretionary spending

If a drug company is granted a patent on a new medication, which result is possible?
A) a price ceiling
B) government control of that drug
C) a monopoly in the production of that medication
D) perfect competition in the market for that drug

Answers

C, is the correct answer

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