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Is this story: sole proprietorship, partnership, OR corporation? When I was three years old, I started making candy with my grandmother. I am now 10 and I want to sell chocolate candy with a farm theme to my friends and family. My product ideas include Brown Cows (chocolate cows on a stick), Pigs in Mud (marshmallow dipped in caramel, nuts and chocolate) and Farm Eggs (jelly beans dipped in chocolate). The start-up expenses for my business are pretty small: a few candy molds, candy and chocolate.) My parents have agreed to loan me the money I will need and to let me work in the family kitchen. Schoolwork has to take priority over business so if I have more sales than I can handle, I will probably ask friends or my older brother to help. My brother is also pretty good at math and computers so he could help me with keeping track of my expenses and advertising. I really like the product development and packaging part of the business.


It's a partnership. I have to write more words but that's what that arrangement is.

Related Questions

Posted in Business

Which of the following is not an example of how media coverage of the Space Race affected the economy? The media only covered positive elements of the Space Race and never mentioned any setbacks. Space memorabilia were made and sold to the public to celebrate successful launches. Astronauts became public heroes and helped sell the image of the space program. The race to beat the Soviet Union to the Moon supported the growth of NASA and its facilities.

Correct option: The media only covered positive elements of the Space Race and never mentioned any setbacks.

The above given option does not talk about any aspect of media coverage of the space race and its effects on the economy. Covering only positive aspect without explaining its economic implications does not have any positive or negative effect on any economic activity, externalities or economic well being of any country. On the other hand, option B , C and D talks about economic implications.


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If the Federal Reserve sells $50,000 in Treasury bonds to a bank at 6% interest, what is the immediate effect on the money supply

APEX verified answer <3

Answer- it is decreased by $50,000

i really hope this helps just got the right answer on apex quiz 1.2.3 <3 <3

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$700 principal earning 5%, compounded monthly, after 9 years

B=P(1+r/n)^nt 

B=Balance 
P=Principle 
R=rate 
n=number of times compounded per year 
t=number of years 

Plug in the values.

I hope my answers has come to your help. God bless and have a nice day ahead!

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Suppose that you took out a loan with a principal of $24,680. To pay off the principal and the interest, you made quarterly payments of $1,382 for six years. Furthermore, you paid a service charge of $396. What was your total finance charge? a. $396 b. $8,488 c. $8,884 d. $8,292

The solution to the problem is as follows:

$1382*24 (4 payments per year * 6 years)=$33,168+$396=$33,564 (Total)

$33,564-$24,680=$8,884
 
Therefore the total finance charge is c.$8,884.

I hope my answer has come to your help. God bless and have a nice day ahead!

Posted in Business

Which of the following best describes a liability? a. anything of value owned by the business. b. something that a business owes. c. listed on the lift - hand side of a balance sheet. d. always equal to an asset

The correct answer of the given question would be option B. The statement that best describes a liability would be something that a business owes. A liability is considered an obligation and is listed on a company's balance sheet. This is part of the accounts payable. Hope this is the answer that you are looking for. 

Posted in Business

Standards of performance, or "performance goals" are used to? A. Communicate nonverbally B. Determine a worker's attitude C. Measure effectiveness but not efficiency D. Measure Productivity

I think the correct answer from the choices listed above is option D. Standards of performance, or "performance goals" are used to measure an employee's performance against established standards. This process assesses employee job traits and/or behaviors.

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Which of the following is a tax incentive? A.a tax on imported goods B.a set amount that you subtract from your gross income for yourself and any dependents C.taking tax payments out of an employee’s pay before he or she receives it D.the use of taxation to encourage or discourage certain behaviors

The answer is "D.the use of taxation to encourage or discourage certain behaviors".


A tax incentive is an administration measure that is proposed to urge people and organizations to burn through cash or to set aside extra cash by decreasing the measure of assessment that they need to pay.  

Tax incentive are methods for lessening charges for organizations and people in return for explicit alluring activities or ventures on their parts. Their motivation is to empower those organizations and people to take part in conduct that is socially dependable or potentially benefits the network.

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Which type of promotion do many people considered more credible because it is less biasedpublicitypublic relationspress releaseadvertising

I think the correct answer from the choices listed above is the third option. The type of promotion many people considered more credible because it is less biased is a press release. A press release is said to be unbiased and should contain all information from all angles or side of a situation. Hope this helps.

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It is often easier for a brand-new business to get a loan than an existing business. True Or False

It would be false because starting a new business is way harder than keeping up with an existing one
 

Posted in Business

A business started from scratch can have bigger rewards than a franchise if it succeeds. True or False

True, any business can outdo a franchise, all it takes is enough money and brain power! I hope this helps! P.S I would love it if I got that fantastic Brainiest answer

Posted in Business

True or false: A 15-year mortgage typically requires higher monthly payments than a 30-year mortgage but the total interest over the life of the loan will be less. True/false 5. True or false: Buying a single company's stock usually provides a safer return than a stock mutual fund. True/false

The statement "A 15-year mortgage typically requires higher monthly payments than a 30-year mortgage but the total interest over the life of the loan will be less" is true.

The statement "Buying a single company's stock usually provides a safer return than a stock mutual fund" is true.

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Suppose you have $100 in a savings account earning 2 percent interest a year. After five years, would you have more than $102, exactly $102 or less than $102? More than $102 Less than $102 Exactly $102

Hey there! Hello!

For this problem, take the interest equation into account: I = Prt. I is the interest, P is the principal amount that will be invested, r is the rate of interest per year (expressed in decimal form, where 90% is 0.9, for example), and t is the amount of time. Let's solve the amount of money gained from interest after one year:

I = Prt
I=100*0.02*1
I=2

That means 2 dollars are earned after one year. If $102 is the total after one year, and interest is earned yearly, it surely can't be $102 at the end of five years. So, let's solve for five years this time:

I = Prt
I=100*0.02*5
I=10

So, at the end of five years, $110 will be earned. This is more than $102 dollars, meaning that your first answer choice is the correct one. 

Hope this helped you out! Feel free to ask me any additional questions you may have. :-)

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Please help me. I honestly need help I'm not trying to cheat. explain the relationship between the use of human capital and level of development

Human capital refers to the knowledge, skill sets and motivation that people have, which provide economic value. Human capital realizes that not everyone has the same skill sets or knowledge and that quality of work can be improved by investing in people's education.

Economic growth is an increase in an economy's ability, compared to past periods, to produce goods and services. It can be measured by measuring the percentage in the real gross domestic product (GDP) of a country. For example, suppose a country increased its real GDP at an annual rate of 2.5%. This country is experiencing economic growth and has an increase in the value of all goods and services.

Posted in Business

Total quality management theorizes that if workers are more responsible, they will ______. a. Increase overall quality b. Reduce overall quality c. Have no effect on overall quality d. None of the above

Total quality management (TQM) theorizes that if workers are more responsible, they will increases overall quality. Correct answer:A

TQM is a management approach towards improving the quality of an organization's outputs, including goods and services, through continual improvement of internal practices and leading to long–term success through customer satisfaction.

Posted in Business

A small business loan is used to pay for the costs associated with starting your own company? True or false

Answer: True

Explanation:

A small business loan is known to be a loan given to an individual in order to start a business. The loan is used for running the day today activities of the business. The borrower that is the business owner reaches an agreement with the lender to repay the loan with interest over a specified period of time.

Posted in Business

Carrie is single and feels that she will not be approved for a loan for this reason. Which law protects carrie

Carrie is single and feels that she will not be approved for a loan for this reason. Which law protects Carrie?

Answer is: Equal Credit Opportunity Act

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