ownership certificates of a corporation
a business owned and run by one person
What is a Sole Proprietorship?
a merger that occurs between firms that operate in the same space
non-cash charge the firm takes for the general wear and tear on capital goods.
owner is personally and fully responsible for all loses and debts of the business
a business jointly owned by two or more persons
occurs when two or more firms, operating at different levels within an industry's supply chain, merge operations
Give an example of depreciation
operates like a corporation but does not seek financial gain
Disneyland decides to merge with a rollercoaster engineering firm
Cooperatives fall into three major class
a check representing a portion of the corporate earnings.
a business organization recognized by law as a separate legal entity having all the rights of an individual
Boston Baseball Bat Inc buys Hickory Tree Farm and John Smith’s Delivery Inc
An example of a consumer cooperative
a government document that gives permission to create a corporation.
voluntary association of people formed to carry on some kind of economic activity
Travis has been modifying cars as a hobby for years now, finally he decides it’s time to start to open up his own garage, he likes the idea of being able to create his own hours. What type of business would he most likely start?
Calculate the Net Income and Cash Flow:
You pay $1,500 to rent a factory
You receive $12,500 in sales
You pay $3,000 a month in salary
You pay $1,250 a month in health benefits
You pay $250 a month in utilities
Your equipment depreciates $225 a month
Net Income: