Tina and Lynn have decided to start a bed and breakfast in their mountain town. They don't want to spend a lot of money to set up their business because they'd rather put the money into creating an inviting place for guests to stay. They know they need to set their business up with some legal protection that separates their personal assets from their business assets. Which form of business would be best for them?
Corporation
Limited liability corporation
Partnership
Sole proprietorship

Answers

Answer 1

A Limited liability corporation would be the ideal business setup for Tina and Lynn based on their needs.

What is a Limited liability corporation?

It corresponds to a legal business structure where there is greater protection for partners and investors by providing for the separation of personal assets from commercial assets in the event of economic losses.

Therefore, based on the need to protect their personal assets, a limited liability company would be the ideal form of business for them.

Find out more about Limited liability corporation here:

https://brainly.com/question/14466609

#SPJ1


Related Questions

what are the advantages of a general partnership

Answers

Answer:

1. A general partnership is easy to establish.

2. Creating a general partnership is simpler, cheaper, and requires less paperwork than forming a corporation.

3. A general partnership faces simplified taxes. General partnerships do not pay income tax. ...

4. The partnership is easy to dissolve.

Describe five ways in which Consumers can have an impact on the environment?

Answers

Answer:

When They makes their customers feel happy about their prices of their products

When they always makes sure they have all the products customers want and with suitable prices

PLEASE ANSWER FAST
Once an apprentice graduates, they earn a nationally recognized credential and are promoted to journeyworker, which means less pay and less mobility in the career.

A. True
B. False

Answers

The journey workers who are promoted after completing their apprenticeships earn more remuneration and get more chances of free movement in the organization.  

Option B is the correct answer.

Who is an apprentice?

Apprentice is an individual who learns and trains himself/herself in a particular field under the guidance of an employer.

When the people who are apprentice graduates have completed their training period, then they are referred to as journey workers. The journey worker is the one who has all the competencies and skills in his/her interest field. After being a journey worker, an individual gets a placement in an organization which means a higher salary and higher mobility in the career life.

Therefore, the provided statement is considered to be false.

Learn more about the apprentice in the related link:

https://brainly.com/question/382300

#SPJ1

what is the primary objective of IRBA?​

Answers

it subsist is use a sissy’s a a s r Ty s

Why do car insurance companies punish you when you crash by raising the monthly bill? You pay them so that they can punish you or help you with repair costs? Which one is it?​

Answers

The insurance company puts a fine after a crash because they help me with a part of the debt to repair the damage of other cars, but a part of that cost must be paid by us.

What is an insurance company?

An insurance company is a company that offers a support service for contingencies or emergencies in different situations.

Why do they establish a fine when a crash occurs?

The insurance company puts out a fine in order to get back the money it spent to repair the damage from the crash.

Learn more about insurance companies in: https://brainly.com/question/16996203

#SPJ1

Name a celebrity who you think would make a good endorser. Why would this person be a good spokesperson, and for what product(s)?

Answers

Answer:

Christiano Ronald

Explanation:

Can be a good endorser because he has been a good footballer, with well developed athletic body. He can endorse dietary products, gymnastic goods and also sports wear.

Answer:

Rock

Explanation:

He can be a good endorse because he is a retired wrestler. he also gives ads for sports companies also prefer energy drinks, protein drink

What is true about open-end credit? A. It is not typically used for a single purchase but for many purchases over a period of time. B. This type of credit is sometimes referred to as a consumer loan. C. This type of credit is commonly used for big ticket things like mortgages or car loans. D. Payments typically stay the same amount from month to month

Answers

The option A and D is true about open-end credit because they mention that,

A) It is not typically used for a single purchase, but for many purchases over a period of time.

D) Payments typically stay the same amount from month to month.

What is open end credit?

Open-end credit, also called revolving credit, can be defined as a line of credit that gives the borrower a certain limit of credit and the ability to frequently borrow as little or as much of that money and repay any amount utilized below the set limit within a specified period.

With an open-end credit, the borrower has access to the whole credit limit, or full amount, once approved.

Thus, option A and D are true.

Learn more about Open-end credit here,

https://brainly.com/question/13885558

#SPJ1

20 points easy …………………….

Answers

Answer:

D.....................................

A hot-and-cold water dispenser sells for 8,021.5 pesos. The mark-up on it is 30.5% of cost. Find the cost.

Answers

Answer:

1604300 261

Explanation:

8.
Which of these best describes a statement of financial position?
A.An account proving the books balance
B.A record of closing entries
C.A listing of balances
D.A statement of assets

Answers

Answer:

C. A listing of balances

Explanation:

Balance sheet or statement of financial position is a financial statement that reports all the company's assets and liabilities and equity in a specific accounting period

Which is better Coke or Pepsi?

Answers

Answer:

Coke is indeed more popular but I prefer pepsi over coke.

Answer:

Coke. I think that for me coke is better because for me it just has more flavor.

Explanation:

this is why I like coke.


20: What are some ways you can stay financially literate?

Answers

Ayuda porfabor necesito ayuda

Use a well labelled graph to explain why the introduction of maximum prices in the petrol industry will not be an ideal decision for the country's economy. (8)​

Answers

A country's economy will go on a decline if there is a hyperinflation in the petrol prices.

What is hyperinflation?

Extreme increase in prices in a very short span of time is regarded as the condition of hyperinflation. If there is hyperinflation in the petrol prices, its demand will be lowered and people will look for substitutes.

Thus, increase or hyperinflation in the petrol prices will lead to declining of a country's economy and will not serve as a wise decision.

Learn more about hyperinflation here:

https://brainly.com/question/22313119

#SPJ1

FIRST TO ANSWER GETS BRAINLIST

(04.02 MC)
How does the Securities and Exchange Commission (SEC) protect investors?
It requires companies to disclose information on their financial health.
O It guides the economy by controlling the money supply.
O It purchases and sells government securities.
O It regulates how much money can be invested.

Answers

Answer:

The Securities and Exchange Commission is a federal agency that regulates securities markets in the United States. The SEC is responsible for enforcing securities laws, regulating the securities markets and related entities and working to ensure investors are treated fairly.

The Answer is D.

Answer:

O It regulates how much money can be invested.

Explanation:

1 v
Next O
Workplace Legislation and Workplace Policy: Mastery Test Submit Test
Tools
elect the correct answer from each drop-down menu.
ourteen-year old Eric wants to work during his school vacation. What time limits would apply to Eric on normal days to take up any work?
Eric may only work between 7 a.m.
and 7pm.
during his school vacation.
THIS IS NOT A QUESTION THIS IS THE ANSWER TO INTRO TO ENTREPRENEURSHIP SEM 2

Answers

The time limits that will apply to Eric will be limited to only work between 7 a.m. and 7 p.m. during his school vacation.

What is a time limit in Workplace Legislation?

This legislation outlines the appropriate and favorable time that employees is allowed to work at the employer's service.

Here, based on general practice, the time limits that will apply to Eric will be limited to only work between 7 a.m. and 7 p.m. during his school vacation.

Read more about Workplace Legislation

brainly.com/question/26463698

#SPJ1

The expected value of an asset at the end of its useful life is known as​ ________.
residual

Answers

Its salvage value i think

which job title similar to wine maker

Answers

Answer:

vineyard owner , wine tour guide

How do objectives make it more likely that you will reach your goals? A. Objectives help guide your career choices. O B. Objectives are the best way to assess your interests. C. Objectives provide a step-by-step path to success. D. Objectives are based on others' experiences. S​

Answers

Hmm definitely c i think it is

How do dividends impact the value of a share of stock?

Answers

Answer:

How dividends affect stock prices is not a question for novice investors. It is possible and necessary to answer it - with a multi-page study, with an analysis of statistical data, consideration of historical situations as examples, and so on. However, novice investors still need to have at least a general idea of ​​​​the interaction between dividends and quotes, so we will try to consider this complex topic simply, briefly and as clearly as possible. Growth of dividends and its impact on quotes Let's start with the simplest situation. Suppose a company declares a high dividend for the past year. Let's say they turn out to be twice as high as expected. And the dividend yield at some point rose to, say, 10%. Then, and rightly so, stock prices will rise sharply in order to equalize the company's dividend yield with its competitors in the same country and industry. Most likely, the shares will not double in price, but will grow significantly in price.

Explanation:

Distribution of profits between investments and dividends But this will happen only in the most general case, if it means not only the growth of dividends, but also the profit from which they are paid. However, changes in the amount of dividends may not depend in any way on the current results of the company. Shares of PJSC Gazprom GAZP -15.61% YTD 295.89 price Invest It is quite possible that this year's profit is approximately equal to the results of the previous reporting period. But dividends change - they become more or less. Suppose an enterprise changes its dividend policy, which, for example, has recently happened among Russian energy companies. And one after another they decided that not 50% of their net profit should be directed to dividends, but only 25%. Theoretically, by reinvesting an additional quarter of free money in the business, the company should increase its share price. But in practice, they fell apart. Why? Payoffs vs Investments The answer to this question is obvious from one theory and contradictory to another. On the one hand, let's say, the closer the payment of money, the more it costs. Similarly, the shorter the term of the deposit, the lower the interest on it. Thus, the fall in quotations was influenced by the disappointment of investors: for them, the change in the dividend policy was a signal that money for their investments will be paid in the very near future in a smaller amount, the payback period for buying shares will increase significantly.But, on the other hand, the same energy companies, investing additional funds in the modernization of their business, should ensure revenue growth in the future, and the enterprises themselves should become more expensive. Therefore, at the new prices, after the decline, many institutional investors, on the contrary, declare their interest in acquiring these shares for their portfolios.

What happens when the terms of the loan are satisfied

Answers

A document called release of mortgage will be availed when the terms of the loan are satisfied.

What is a mortgage?

A mortgage is an agreement the borrower and a lender in which the lender can take back his or her property should the borrow fail to pay back the money borrowed.

Hence, a document called release of mortgage will be availed when the terms of the loan are satisfied.

Learn more about mortgage here: https://brainly.com/question/22598793

#SPJ1    

Question 7 of 10
What is product positioning?
A. The process of dividing up a total market into groups (segments)
with similar needs and buying behaviors
O B. The set of plans for product, price, place, and promotion that the
marketer will use
O c. A definition of how the company intends for customers to view its
product relative to the competition
O D. The use of names and symbols to identify the company's
products

Answers

Answer:

B. the set of plans for product, price, place, and promotion that the marketer will use

Choose either True or False to each question. 1. Persons returning to the United States from most foreign countries must pass through customs. 2. One reason for placing a tariff on imports is to increase in imports. 3. According to the “infant industry” argument, nations, should levy a tariff to protect their newly developed industries 4. One purpose of a quota is to limit imports.
5. Suppose that the tariff on an item is $1 a pound. U.S. firms make
this item for sale at $10 a pound. British manufacturers can
deliver the item to the United States for sale at $7 a pound. Because of the $1 tariff, Americans would probably not buy the British-made item.
6. Suppose that the tariff on the item described in question 5 is increased to $4 a pound. Americans are now likely to buy the item
made by U.S. firms.
7. If the United States eliminated all tariffs, the price of imported
goods would soon be likely to drop.
8. If the United States restricted the amount of Swedish money that
importers could obtain, this would have no effect on our imports
from Sweden.
9. Companies that export a substantial amount of their products are
more likely to be in favor of restrictions on foreign trade than those
firms that sell most of their products domestically (at home).

Answers

A sentence or notion having true or false response implies that such could be a fact or fables that is, not real. Read below to determine the truth or falsity of the following assertions.

Which is true and which is false?

The following are either true or false:

Persons returning to the United States from most foreign countries must pass through customs. TrueOne reason for placing a tariff on imports is to increase in imports. FalseAccording to the “infant industry” argument, nations, should levy a tariff to protect their newly developed industries FalseOne purpose of a quota is to limit imports. TrueSuppose that the tariff on an item is $1 a pound. U.S. firms make this item for sale at $10 a pound. British manufacturers can deliver the item to the United States for sale at $7 a pound. Because of the $1 tariff, Americans would probably not buy the British-made item. FalseSuppose that the tariff on the item described in question 5 is increased to $4 a pound. Americans are now likely to buy the item made by U.S. firms. TrueIf the United States eliminated all tariffs, the price of imported goods would soon be likely to drop. TrueIf the United States restricted the amount of Swedish money that importers could obtain, this would have no effect on our imports from Sweden. FalseCompanies that export a substantial amount of their products are more likely to be in favor of restrictions on foreign trade than those firms that sell most of their products domestically (at home). True

Therefore, the correct responses or answers to the above assertions are given above.

learn more about international trade: https://brainly.com/question/15115779

#SPJ1

Comprehensive auto insurance would be most useful to a person who:

A. has to spend time in the hospital.
B. owns a business where a pedestrian is hurt.
C. loses their job and cannot pay bills.
D. has a car stolen while on vacation.

Answers

Answer:

D has a car stolen while on vacation

Explanation:

Comprehensive policy covers damage to the car due to accidents, car theft, losses to a third party, damage to the car due to natural damages, personal injuries or death caused in an accident, damages caused in a fire. Comprehensive car coverage is full coverage.

Comprehensive auto insurance would be most useful to a person who

has a car stolen while on vacation. Hence, option D is correct.

What is comprehensive insurance?

A comprehensive policy covers damage to the car resulting from collisions, theft, losses to third parties, natural disasters, accidents resulting in physical injury or death, and fire damage. Full coverage is comprehensive auto insurance.

Thus, option D is correct.

For more details about comprehensive insurance, click here:

https://brainly.com/question/14198158

#SPJ2

After the price of a Wall Street Journal subscription increases by 5%, subscriptions among
people working in the technology sector declined by 10%, while subscriptions among people
working in the banking sector declined by 2%.
a. Calculate the price elasticity of demand for tech workers and bankers separately

Answers

Subscriptions among people working in the technology sector declined by 10%, After the price of a Wall Street Journal subscription increases by 5%. The price elasticity can be counted by the percentage change in quantity divided by the percentage change in price.

What is Wall Street?

Wall Street is used as an umbrella term to describe the financial markets and the companies that trade publicly on exchanges throughout the U.S. Wall Street has been the historic headquarters of some of the largest U.S. brokerages and investment banks, and is also the home of the New York Stock Exchange.

You'll find most major finance corporations on Wall Street and within the Financial District in Manhattan. Well-known companies include Goldman Sachs, Morgan Stanley, Deloitte, BlackRock.

Learn more about Wall Street here,

https://brainly.com/question/1298142

#SPJ1

What helps a consumer determine the quantity of something to buy?
O marginal cost
O marginal error
O marginal benefit
Omarginal comparison

Answers

The Marginal cost helps a consumer determine the quantity of something to buy.

What is The Marginal Cost?

Marginal cost refers to the additional cost to produce each additional unit. The marginal cost of production is the change in total production cost that comes from making or producing one additional unit.

It represents the incremental costs incurred when producing additional units of a good or service. It is calculated by taking the total change in the cost of producing more goods and dividing that by the change in the number of goods produced.

Learn more about Marginal cost here,

https://brainly.com/question/1364007

#SPJ1

Which would be the most effective and economic way if Giselle wants to let her clients know about the discount she is offering in her salon
ervices?
A sending flyers
Св. social media
C. releasing an ad in the newspaper
D. word-of-mouth publicity

Answers

If Giselle wants to inform her consumers about the discount she is offering in her salon services, the most practical and cost-effective method is to use social media.

What is social media?

Social media is defined as interactive digital transmissions that support creative activity by disseminating ideas, information, participation, and other types of information via virtual assemblages and networks.

The most practical and cost-effective strategy for Giselle to educate her customers about the discount she is offering in her salon services is to use social media, as it is worldwide.

Therefore, option B is correct.

Learn more about the discount, refer to:

https://brainly.com/question/3541148

#SPJ1

Why are production possibilities curves helpful for businesses?
A. They show how many products will need to be sold to earn a
profit.
B. They show how producing one product affects production of
another.
C. They predict how a product's sales will rise and fall over time.
D. They compare production efficiency between multiple companies.

Answers

Answer: B - they show how producing one product affects production of another.

Explanation: Uses comparative advantage to allocate production factors, thus obtaining better efficiency

Why does an organization want to maintain a safe workplace? Check all of the boxes that apply.

to keep workers safe and on the job

to maintain a positive reputation in their community

to prevent fines from OSHA or other regulators

to prevent the formation of unions

Answers

Answer:

to keep workers safe and on the job

to maintain a positive reputation in their community

to prevent fines from OSHA or other regulators

Explanation:

hgywgwu

Answer:

A. to keep workers safe and on the job

B. to maintain a positive reputation in their community

C. to prevent fines from OSHA or other regulators

Explanation:


Beech's managers have made the following additional assumptions and estimates:
25
points
eBook
Print
1. Estimated sales for July, August, September, and October will be $210,000, $230,000, $220,000, and $240,000, respectively.
2. All sales are on credit and all credit sales are cofected. Each month's credit sales are collected 35% in the month of sale and 65%
In the month following the sale. All of the accounts receivable at June 30 will be collected in July,
3. Each month's ending inventory must equal 30% of the cost of next month's sales. The cost of goods sold is 60% of sales. The
company pays for 40% of its merchandise purchases in the month of the purchase and the remaining 60% in the month following
the purchase. All of the accounts payable at June 30 will be paid in July.
4. Monthly selling and administrative expenses are always $60,000. Each month $5,000 of this total amount is depreciation expense
and the remaining $55,000 relates to expenses that are pald in the month they are incurred,
5. The company does not plan to borrow money or pay or declare dividends during the quarter ended September 30. The company
does not plan to issue any common stock or repurchase its own stock during the quarter ended September 30,
References
Required:
1. Prepare a schedule of expected cash collections for July, August, and September
2-a. Prepare a merchandise purchases budget for July, August, and September
. Also compute total merchandise purchases for the
quarter ended September 30.
2-6. Prepare a schedule of expected cash disbursements for merchandise purchases for July, August, and September.
Dronare an income statement that comnite nat nerating income for the cuarter andart Sentomhar an

Answers

1. The preparation of the schedule of expected cash collections for July, August, and September for Beech Corporation is as follows:

Cash Collections:

                                              July          August       September

Estimated sales              $210,000    $230,000       $220,000

Cash collection:

35% sales month            $178,500      $80,500         $77,000

65% month following       140,000       136,500          149,500

Total cash collections  $318,500    $217,000       $226,500

2. The preparation of a schedule of merchandise purchases for July, August, and September for Beech Corporation is as follows:

Merchandise Purchases:

                                            July          August       September

Estimated sales            $210,000    $230,000      $220,000

Cost of goods sold      $126,000     $138,000       $132,000

Ending inventory          $69,000      $66,000         $72,000

Goods available          $195,000    $204,000      $204,000

Beginning inventory      60,500         69,000           66,000

Purchases                  $134,500    $135,000       $138,000

The total merchandise purchases for the quarter ended September 30 is $407,500 ($134,500 + $135,000 + $138,000).

2-b. The preparation of a schedule of expected cash disbursements for merchandise purchases for July, August, and September for Beech Corporation is as follows:

Cash Disbursements:

                                          July            August       September

Purchases                   $134,500       $135,000        $138,000

Cash payment for purchases:

40% month of purchase $53,800    $54,000         $55,300

60% month following       88,000     $80,700           81,000

Total cash payment     $141,800   $134,700      $136,300

3. The preparation of an income statement showing the net operating income for the quarter for Beech Corporation is as follows:

Beech's Corporation

Income Statement:

                                            July        August       September      Total

Estimated sales            $210,000  $230,000      $220,000   $660,000

Cost of goods sold      $126,000   $138,000       $132,000      396,000

Gross profit                   $84,000    $92,000         $88,000   $264,000

Expenses:

Selling and admin.        $60,000  $60,000         $60,000    $180,000

Net income                  $24,000   $32,000        $28,000     $84,000

Data and Calculations:

Sales Budget and Cash Collections

                                            July        August       September      October

Estimated sales            $210,000  $230,000       $220,000    $240,000

Cash collection:

35% sales month          $178,500    $80,500         $77,000       $84,000

65% month following     140,000     136,500          149,500        143,000

Total cash collections $318,500    $217,000      $226,500     $227,000

                                            July        August       September      October

Estimated sales            $210,000  $230,000      $220,000    $240,000

Cost of goods sold      $126,000   $138,000       $132,000      $144,000

Ending inventory          $69,000    $66,000         $72,000

Goods available          $195,000  $204,000      $204,000

Beginning inventory      60,500       69,000           66,000

Purchases                   $134,500   $135,000        $138,000

Cash payment for purchases:

40% month of purchase $53,800   $54,000      $55,300

60% month following       88,000    $80,700         81,000

Total cash payment     $141,800  $134,700    $136,300

Beech Corporation

Balance Sheet at June 30:

Assets:

Cash                                    $75,000

Accounts receivable           140,000    143,000

Inventory                               60,500

Plant and Equipment         227,000

Total assets                     $508,500

Liabilities:

Accounts Payable             $88,000  $82,700

Common Stock                   311,000

Retained Earnings             109,500

Total liabilities & equity $508,500

Thus, the net operating income for the quarter ended September 30 for Beech Corporation is $84,000.

Learn more about preparing sales budgets at https://brainly.com/question/16821253

#SPJ1

PLEASE ANSWER FAST
A ____________ is often in very high demand because there are not enough of them and they can make close to $28/hour (on average).

A. hospital janitor
B. hospital receptionist
C. registered nurse
D. X-Ray technician

Answers

D. I’m almost positive that’s right
Other Questions
Make a slogan expressing the importance of synthesis in writing Tyler simplified the expression xy9. His procedure is shown below.131/1y-9What is Tyler's error?Both powers should be in the numerator with positive exponents.Both powers should be in the denominator with positive exponents.The powerThe powershould be in the numerator and the power y9 in the denominator.should be in the numerator and the power x3 in the denominator. A plane flies from Dubbo on a bearing of 139 for 852 km, then turns and flies on a bearing of 285 until it is due west of Dubbo. How far from Dubbo is the plane, to the nearest km? What is the value of x in this figure?Enter your answer in the box.x = The figure contains a pair intersecting lines. One angle is labeled 114 degrees. The angle that is opposite and not adjacent to this angle is labeled x degrees. 1. The mass of lab sample A is 2.4 x 10^-2 kg. The mass of lab sample B is 3.6 x 10^2kg. Given thatinformation, Jason says that sample B is 15 times the mass of sample A. Narissa asserts that sample B is 15,000 times that of sample A. Julius states that sample B is 1.5 times greater than sample A. Compare the masses of the two samples to decide who is correct. State which person is correct andexplain your answer using mathematics. The brain is an organ in the nervous system.Which of the following is true about the brain?Choose 1 answer:(A) the brain is made up of a single type of tissue.(B) the brain is made up of different tissues that carry out the same function.(C) the brain is made up of tissues with different functions that work together. Need help please answer ASAP!(20-21) Escucha lo que Magda dice y contesta la pregunta de acuerdo con lo que escuchas. Qu decan sus amigos hace aos? A 100 N boxer punches a 10 kg punching bag with his fist using a 25 N force. Describe theforces on the fist and the punching bag.A) The force on the fist is greater than the force on the punching bag.B) The force on the fist is equal to the force on the punching bag.C) The force on the fist is smaller than the force on the punching bag.D) Not enough information is given to determine which force is larger or smaller what is 3 to the square root of 1089 what is the volume of 15.0 g of iceA. 7.5B. 13.8 C. 15.0 D. 16.3 I will mark branilest If a x b = 2a - 3b + ab, then 3 x 5 + 5 x 3 is equal to?A. 20B. 22C. 24D. 26 What calculation is modeled on the number line?++++--1-10121- + (-15) = -2- +(-1) = -1- + (-5) = -1+- ()-1101010I will give 100 points pls ASAP! please help me in this question please Decide which of the following part in the sentence should be in imparfait and which is the pass compose Those who have positive qualities are often judged more positively on their other qualities. please select the best answer from the choices provided t f !!!!!!ANSWER!!!!!!An acute triangle has two sides measuring 8 cm and 10 cm. What is the best representation of the possible range ofalues for the third side, s?2< s < 18!!!!!!! 6Os 18s< 6 or s> 12.8 HELP AND I WILL GIVE YOU BRAINLIST! ANSWER CORRECTLY PLEASE.Complete the sentences about simplifying this expression. A canister has a fixed volume. If the pressure of the cannister is 1.5 atm at 25 Celsius, what is the new pressure if the temperature rises to 75 degrees Celsius?a) 4.5 atmb) 1.6 atmc) 1.3 atmd) 1.8 atm Once the information is complete and conclusions are made, then management can make more confident business decisions. This is part of this step of market research?present the findingsmake the decisiondevelop the research plancollect the information