Business 2: After apprenticing for another candy maker, I started my first candy business at age 18.

Unfortunately, my first attempt at starting a business (as well as my second) was a failure. After a rocky start,

my third try was more successful - I have just received a fortune from the sale of my caramel business. During

my world travels, I discovered new equipment that makes chocolate and decided to buy it. Today, only the

wealthy can afford chocolate. With this new technology, I think I can make a chocolate that everyone can

afford. In my mid-thirties, I know very little about making chocolate but I am willing to take the time to learn. I

want my life to center on inventing new candies, building this new business, and laying out a new community

that will be a wonderful place for the people I hire to live. I prefer to leave day-to-day operations of the

company–handling production, sales, marketing and distribution—to someone else

Answers

Answer 1

Answer:

The question is incomplete since the requirements are missing, so I looked for similar questions and found that you should advice this client either to form a sole proprietorship, partnership or corporation.

Since this client wants to focus solely on inventing new candies, he would be better off by forming a corporation. That way, he and other stockholders can elect a board of directors which will appoint an appropriate upper management team to run the business.

The other two types of businesses, sole proprietorships and partnerships require that the owners actively participate in managing the business, and that is something that the client wants to avoid. This happens because sole proprietors and partners are personally liable for all the business obligations. On the other hand, corporations are managed by a professional team.  


Related Questions

Prosperity is a period in which?

Answers

Answer:

Prosperity is a period in which all common goods are plentiful or a certain areas economy does very well or a population boom that is well sustained.

*ECONOMICS* Which situation best illustrates the concept of absolute advantage?
A. A factory in Vietnam can produce more shoes than other
countries.
B. The total value of U.S. exports is lower than the value of the
country's imports.
C. A software company is forced to increase its prices to pay for
rising labor costs.
D. A restaurant buys its ingredients from nearby farms to help the
local economy

Answers

Answer:

A. A factory in Vietnam can produce more shoes than other

countries.

Explanation:

Absolute advantage is the potential of an individual,  a company, or a  country to produce a higher quantity of output than its competitors while using the same inputs. It means an institution with absolute advantage has more efficiency in producing a particular commodity than its rivals. It utilizes lower marginal cost (materials and labor), making its output much cheaper than others.

A factory in Vietnam has an absolute advantage because it can produce shoes at a lower cost than others. Absolute advantage makes the factory more competitive in the market than its rivals.

Answer:

a.

Explanation:

ap3x test

What is a wholesaler?
A. An intermediary that manufactures products,
B. An intermediary that makes goods convenient for consumers to
buy
C. An intermediary that makes goods convenient for businesses to
buy.
D. An intermediary that purchases goods for personal use.

Answers

Answer:

C. An intermediary that makes goods convenient for businesses to

buy.

Explanation:

Wholesalers are businesses that buy finished products from manufacturers and sell them to retailers. They are members of the supply chain. Wholesalers buy goods in bulk, break the bulk, and sell them to retailers. In some instances, some wholesalers may sell directly to consumers.

Retailers are businesses that sell to end consumers. They are the primary customers to wholesalers. Therefore, wholesalers are intermediaries who sell to other businesses.

Using the chart below for reference, how would you describe the relationship between the amount of education you receive and the amount of money you make? will make brainliest

Answers

Answer:

Positive correlation

Explanation:

As the level of education increases, the higher the level of income. This is a perfect example of a positive correlation. An increase in one of the variables ( education) increases the other variable( income). A positive correlation is also a direct relationship.

A negative correlation or indirect relationship is when an increase in one variable leads to the other variable moving in the opposite direction.

if you could redo any event from your life, what would it be?

Answers

Answer: being dumb don't ask why :-D

An electronic card that serves as an interface to an ATM is known as a ____.
A. cash card
B. credit caby
C. smart card
D. debit card​

Answers

Answer:

D. debit card​

Explanation:

A debit card is an electronic card that enables customers to access their bank accounts via an ATM.  An ATM ( Automated Teller Machine) is a banking outlet that allows customers to perform basic banking services such as deposits, withdrawals, transfers, and balance inquiries without stepping into the banking hall.

A customer needs to have their debit card and the PIN to access their bank account via the ATM.

who is indirectly benefitted by the tax we have paid​

Answers

Answer:

Because no one lives in isolation, tax dollars from a variety of sources benefit you, your family and your neighbors, no matter the size of income. Every time you get into your car and travel on a public highway, you ride on roads built, maintained, and paid for by state and local road funds replenished by tax dollars.

Explanation:

Answer: the government

Explanation: because they ar collecting our taxes they can use it for building projects or something they wanna do

compute the selling price of a bag of chips that has a cost of $0.75 per item. the store needs to generate a profit of $0.50 per item.

Answers

Answer:

$1.25

Explanation:

A seller has to consider both the cost price and the desired profit before setting the selling price.  In practice, the selling price is the total of the cost price and the intended profits.

In this case

Selling price = $0.75 + $0.50

=$1.25

What is the distinguishing feature of a market structure with monopolistic competition?

A) product reliability
C) product differentiation
B) lower product prices
D) government-approved products

Answers

Answer:

look below

Explanation:

Monopolistic competition is a market structure defined by four main characteristics: large numbers of buyers and sellers; perfect information; low entry and exit barriers; similar but differentiated goods.

Would be much appreictaed if you could lookat my recent question posted and see if you could be of any help:)

Where is the data displayed in a query stored?
O in the query
o on the Clipboard
in a temporary backup file
O in the underlying table

THE ANSWER IS D

Answers

Answer:

lol ummmmmmmm how abt d

1st to answer gets Brainliest

Which federal legislation protects consumers from harassment by
debt collectors

A.The Credit Card Accountability Responsibility and Disclosure Act

B.The Fair Credit Reporting Act

C.The Fair Debt Collection Practices Act

D.The Truth in Lending Act

Answers

Answer:

The Fair Debt Collection Practices Act

Explanation:

The FDCPA prohibits debt collection companies to use abusive, unfair, or deceptive ways to collect debts.

The federal legislation protects consumers from harassment by

debt collectors is The fair debt collection practices act Option(c) is correct.

What is Fair debt collection practice act?

The Fair debt collection practice act means a state policy for eliminating the abusive debt for collection and to protest consumers against debt collection.

The Fair debt collection practice debt is known to be that federal legislation which basically protects the consumers from any type of the harassment.

Therefore Option(c) is correct.

Learn more about Fair Debt collection practice here:

brainly.com/question/15190645

#SPJ5

Did someone seen pottah.​

Answers

Answer:

Harry potter books and shows and movies are dumb the only thing i like thats harry potter is butter bear from universal, its so yummy

Explanation:

periodt.

evaluate South Africa's approach to redistribution of wealth and income ​

Answers

Answer:anser is

Explanation:

E

!!!!!PLEASE HELP I NEED TO PASS !!!!
Which of the following are meant to store money which is NOT intended for daily expenses?
O Checking accounts
O Savings accounts
O Loan accounts
O Credit accounts

Answers

Umm I’m not quite sure but it gonna have to be Loan accounts

Answer:

You put money in saving accounts and don't usually use it for daily expenses. checking accounts are for daily expenses loans are for investments and credit catds are the banks money so it has to be a savings account

Total output is increasing but marginal product of labor is decreasing. This is an example of...

Answers

The answer Marginal product.

when is subsidy necessary in comodity supply​

Answers

Answer:

A subsidy is a benefit given to an individual, business, or institution, usually by the government. It is usually in the form of a cash payment or a tax reduction. The subsidy is typically given to remove some type of burden, and it is often considered to be in the overall interest of the public, given to promote a social good or an economic policy.

Explanation:

a good study group moderator will


a . Ask a strong opening question


b . Keep the group discussion on track


c . Validate group member statements


d . All of these


e . None of these


answer: d . All of these

Answers

Answer:

Ok! So what is the question? Since you answered it already...

Answer:

D

Explanation:

Luis repairs air conditioners. He earned a certificate in 6 months and paid for it with one loan. He earns a good salary now and will pay off his loan in two years. What kind of return on investment (ROI) does Luis demonstrate? Negative ROI Positive ROI Neutral ROI Can't Determine

Answers

Answer:

Positive ROI

Explanation:

Education is probably the best investment that someone can make. It is not easy and it is not nice, but it can help you have a better life and better future.

In this case, Luis spent money in order to get his certificate in repairing air conditioners. He studied 6 months and probably took a test to pass it. After passing it, he owes money which is not good. But the great part is that Luis is now earning much more money than before. His better salary will allow him to pay his loan in 2 years, which is a a short time. Imagine if you could pay your college loans in just 2 years (the average time is 20 years).

The kind of return on investment that Luis who repairs air conditioners demonstrates is Positive ROI.

Positive ROI applies when the net gain of taking a certain financial decision is greater than any costs that might have been encountered.

In Luis's case, we find that the benefits he enjoys as a result of taking the loan are greater than any cost he might have encountered.

Now, he earns a good salary and he will definitely repay his loan.

Therefore, the move demonstrates a Positive ROI.

Learn more about Positive ROI here:

https://brainly.com/question/23603222

Ryo Akita currently earns a monthly salary of $2,200. She has been offered a raise of $250 per month. How much more will she earn per year at her new salary? $3,000

Answers

Answer:

Yearley increase= $3,000

Explanation:

Giving the following information:

Current salary= $2,500

Salary increase= $250

To calculate the yearly increase in her income, we need to use the following formula:

Yearley increase= monthly increase* number of months

Yearley increase= 250*12

Yearley increase= $3,000

disadvantages of tabular representation of data in economics​

Answers

Answer:

There are not many disadvantages in the tabular presentation of data, but one of the disadvantages of this presentation of data is that it does not provide a detailed view of the data which is provided with the textual presentation.

Explanation:

Tabular presentations could also have a few problems related to mobile use:

There is not enough space to put all the columns on the screen, so it has to be moved manually, which is not economic.If the columns are shrunk, it will minimize the letters, so it won’t be legible.It will slow down the mobile phone.

..................................................................................................................................................................................................is ......................................................................................................................................................................... anyone here

Answers

Answer:

yuh :)

Explanation:

The process of achieving company goals by effective use of resources is called?

a. Management
b. Planning
c. Controlling
d. Supervision

Answers

Answer:

a

Explanation:

it is called management

ill mark brainiest for the correct answer

The table shows a schedule of Evita’s payment plan for a used car.


Evita’s Payment Plan for the First Three Years

Year

Balance

Monthly Payment

End of Year

Balance

1


$356.82


2


$356.82


3


$356.82

$8,563.39


Evita paid $2,408.91 in interest. What was the selling price of the car?

A> $12,845.52

B>$17,127.07

C>$19,000.00

D>$21,408.91

Answers

Answer:

the answer is C. $19,000.00 at 25.36% interest

Explanation:

25.36 percent interest each year for 5 years

Answer:

It is actually B 14,719.80

Explanation:

what does it mean to provide customer service? PLEASE HELP

Answers

Answer:

Providing excellent customer service means going the extra mile in making sure a customer is happy and satisfied with a company's products or services. It also involves providing service to a customer in a timely, pleasant manner.

If you are trying to establish a credit history, would you use credit to make a purchase even if you could pay cash? Why?

Answers

Answer:

By using credit, you're building up your overall score. Cash purchases go unnoticed by companies and your bank.

Explanation:

12. One of the benefits of developing a business plan for a new start-up is:
(1 Point)
I shows 91actly how much profit the business will make
it makes sure that the bank will lend all the capital needed
it means that the business start up has no risk of failure
it assists in organising the resources needed for the new business​

Answers

Answer:

it assists in organising the resources needed for the new business​

Explanation:

A business plan details the mission and objectives of an entity. It explains the nature of business the entity will engage in, the target market, the resources it requires, and the projected revenues and expenses.

A business plan is useful when soliciting resources. Although a business plan does not guarantee a hundred percent financing, It shows how much resources will be required and how they shall be used. This helps the founders to know what is required at what stage and make the necessary arrangements.

AHEM
So just a small question, i'm trying to settle a debate between me and a friend of mine.
Eri or Kota (if ya know ya know)

Answers

Answer:

Kota

Explanation:

Answer:

is eri or kota the debate? 0-0

Explanation:

do you think the government should help businesses like SJD? justify your answer​

Answers

Answer:

yes

Explanation:

coz we're not getting any help

Question 1 of 20
The final step of the sale of property is
A. acceptance
B. title transfer
C. contract
D. offer

Answers

Answer:

B. title transfer

Explanation:

A certificate of title is the proof of owners of the property. Title transfer is the act of changing ownership of a property from the seller to the buyer.

Title transfer is the last step in a property sale. The process of title transfer starts after the terms and conditions specified in the sale agreement have been fulfilled. The seller is happy to relinquish ownership of the property to its new owner.

The focus on traditional financial statements is -Select- data rather than cash flow. However, cash flow is important to investors, managers, and stock analysts. Therefore, corporate decision makers and security analysts need to modify accounting data provided to them. An important modification is the concept of free cash flow (FCF). Many analysts regard FCF as being the single and most important number that can be developed from the accounting statements, even more important than net income. The equation for free cash flow is:

Answers

Answer:

The focus on traditional financial statements is ACCOUNTING data rather than cash flow.

Free cash flows = (EBIT x (1 - tax rate)] + non-cash expenses (depreciation and amortization) - capital expenditures - increases in net working capital

Explanation:

Cash is KING. A company might b extremely profitable from an accounting point of view, but if it doesn't have enough cash to keep running, it will go bankrupt. E.g. many companies increase their sales revenue by handing out long credit terms to most or all of its customers including some that may not be able to pay them back. That increases accounts receivables and net income, but until the cash is collected, this is useless. The other option that a company has is to factor their accounts receivables but factoring companies are not dumb and they will pay a very low amount for them.

Companies and stocks are always valued based on cash flows, never on accounting records. Accounting records might be deceiving, but cash never lies. Either the company has or doesn't have cash. A company's cash flow tells investors how well managed a company is.

E.g. Remember that during the Great Recession both GM and Chrysler went bankrupt and the government had to bail them out. If you looked at their accounting records of the previous year, they were both profitable, so why did they burst in just a few months? They didn't have cash. Cars and SUVs are useless unless you sell them and collect the cash. Ford didn't go bankrupt because it had billions of dollars in cash, not because they were doing great. Ford was actually the company that performed worst form an accounting point of view. But out of the 3 car companies, it was the only one properly managed. Accounting records are great for the IRS but are meaningless to an investor.

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