Gitman: Principl Manageri Finance_15 (15th Edition) (What's New in Finance)
15th Edition
ISBN: 9780134476315
Author: Chad J. Zutter, Scott B. Smart
Publisher: PEARSON
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Question
Chapter 1.3, Problem 1.10RQ
Summary Introduction
To discuss: The most common legal form of business organization and largest form of business takes place in which types.
Introduction:
A particular organization in which the goods and services are exchanged for money is termed as business. The core goal of a businessperson is to incur profits. The finance is an essential element for every business people. Moreover, there are different forms of business ownership that are as follows:
- Proprietorship
Partnership - Limited Liability Company (LLC)
- Corporation
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Chapter 1 Solutions
Gitman: Principl Manageri Finance_15 (15th Edition) (What's New in Finance)
Ch. 1.1 - What is the goal of the firm and, therefore, of...Ch. 1.1 - For what three main reasons is profit maximization...Ch. 1.1 - What is risk? Why must financial managers consider...Ch. 1.1 - Is maximizing shareholder wealth inconsistent with...Ch. 1.2 - What are the main types of decisions that...Ch. 1.2 - Prob. 1.6RQCh. 1.2 - Prob. 1.7RQCh. 1.2 - What are the major differences between accounting...Ch. 1.2 - Prob. 1.9RQCh. 1.3 - Prob. 1.10RQ
Ch. 1.3 - Prob. 1.11RQCh. 1.3 - What does it mean to say that corporations face a...Ch. 1.3 - Prob. 1.13RQCh. 1.3 - Prob. 1.14RQCh. 1.3 - Prob. 1.15RQCh. 1 - Learning Goal 4 ST1-1 Emphasis on Cash Flows...Ch. 1 - Prob. 1.1WUECh. 1 - Prob. 1.2WUECh. 1 - Learning Goal 4 E1-3 The end-of-year parties at...Ch. 1 - You have been made treasurer for a day at AIMCO,...Ch. 1 - Recently, some branches of Donut Shop, Inc., have...Ch. 1 - Ross Company, a manufacturer of pharmaceuticals,...Ch. 1 - Prob. 1.1PCh. 1 - Prob. 1.2PCh. 1 - Cash flows It is typical for Jane to plan,...Ch. 1 - Marginal cost-benefit analysis and the goal of the...Ch. 1 - Identifying agency problems, costs, and...Ch. 1 - Corporate taxes Tantor Supply, Inc., is a small...Ch. 1 - Prob. 1.7PCh. 1 - Prob. 1.8PCh. 1 - Prob. 1.9PCh. 1 - Interest versus dividend expense Michaels...Ch. 1 - Hemingway Corporation is considering expanding its...Ch. 1 - Prob. 1.12PCh. 1 - Prob. 1SE
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Similar questions
- What is the accounting equation? List two examples of business transactions, and explain how the accounting equation would be impacted by these transactions.arrow_forwardwhat are the different form of business organization. Explain and write down there advantages and disadvantages?arrow_forwardWhat is the purpose of financial accounting in business, and how does it differ from managerial accounting? What are the different types of financial statements that businesses prepare, and what information do they convey to different stakeholders?.arrow_forward
- Discuss the three major legal forms of business organisation available to businesses together with their respective advantages and disadvantages.arrow_forwardWhy would a start up business transition through organizational forms?arrow_forwardBased on your understanding on different forms of business organizations, which form of business would you organize once you want to start a business? Explain why did you choose it among others.arrow_forward
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