Sole proprietorship

Basic journal entries The following transactions pertain to the Jennifer Royall Company: May 1 Jenni¬fer Royall invested cash of $25,000 and land valued at $15,000 into the business. Cash…. $25.000 and Land $15,000= Owner’s equality $ 40,000 5 Provided $1,000 of services to Jason Ratchford, a client, on account. Account receivable $1,000 Revenue $1,000 9 Paid $1,250 of salaries to an employee. Salary Expensive $1,250 Cash $1,250 14 Acquired a new computer for…

(TCO 10) The role of information technology has changed since the days when it was known as data processing. You have been hired as the new manager of the IT department for Megalopolis Corporation. Megalopolis Corporation manufactures and sells barbecue grills to the middle-upper end of the market. Demand continues to be strong for all products. However, providing service (both warranty and nonwarranty) continues to be a challenge. In essence, having the right parts at the right place at the…

What is entrepreneurship? Entrepreneurship is the process of starting a business, a start-up company or other organization. The entrepreneur develops a business plan, acquires the human and other required resources, and is fully responsible for its success or failure. Entrepreneurship operates within an entrepreneurship ecosystem. https://en.wikipedia.org/wiki/Entrepreneurship accessed on 2015-07-03 Author: Wikipedia contributors, Publisher: Wikipedia, The Free Encyclopedia Qualities of a good…

Strategic planning of zara: The strategic Planning of the ZARA Company is thinking about of Multi configuration worldwide. The ZARA has found a way to develop its store area around the globe. As indicated by the yearly report of the ZARA in the money related year 2010 ZARA has opened stores in 45 nations over the world. The Strategic Planning of the ZARA is given below; • Increase consumer Satisfaction and decrease dissatisfaction of the plus size consumer. • Increase purchase frequency among…

Purpose and Rationale Resort is refer to full service accommodation located in a more natural, relaxed environment, with reception and guest rooms generally offering private facilities with an onsite restaurant, room and bar service available. Additional recreation facilities and tour services are expected (Department of Tourism). A Resort and Hotel are one of the common industries that require booking reservations for their facilities or amenities to their guest. They are also considered in…

1. Discuss the advantages and disadvantages of the corporate tax. (6 marks) Advantages i. Source of Revenue - Corporate taxes can be effectively utilized as a tool for the government to generate higher revenues as corporations are the largest money makers in the every economy. The government can therefore create a steady and strong flow of cash by targeting those making large profits. ii. Distribution – Taxing companies that are making profits helps redistribute the benefits to the society…

Health Department, State of Colorado and the Federal Government. Federal requirements will be met by obtaining a federal employer tax EIN number through the Internal Revenue Service. State requirements will be met by deeming the business as a sole proprietorship, registering the business trade name by filling a Statement of Trade Name with the Secretary of State’s office and obtaining a business license and tax number from the Colorado Department of Revenue and obtaining a federal tax I.D.…

Scaletta CPA & Associates PC is an accounting firm serving clients throughout the area dedicated to providing clients with professional, personalized services and guidance in a wide range of financial and business needs. Scaletta CPA & Associates PC was established in 1977 and has been providing services of all sizes for nearly forty years. Their main services include: accounting and bookkeeping, payroll services, audits and reviews, financial statements, and tax preparation and planning.…

As a result, the sole proprietor is the key persons in the management of Mode Pets. Another category of key persons in the management of the business is employees who give their feedback to the manager. The harmonious relationship between the sole proprietor and the employees is important to the success of the business. The owner, Kristin Rains, will be the head operator and manager, with a staff of seven employees to run the salon. Succession Plan Mode Pets enterprise is sole proprietor…

They believed that the sole proprietorship Danone chose to build factories in China by itself resulted in the low profits, since it cost too much in production, Their paper divided Danone’s brands in China into three business lines: dairy products, biscuit, and beverage, and analyzed…