Business types are generally classified as either service, merchandising, or manufacturing entities. Oftentimes, however, a business may be involved
Business types are generally classified as either service, merchandising, or manufacturing entities. Oftentimes, however, a business may be involved in more than one endeavor such as providing a service and selling a product at the same time. As far as ownership, a business may be owned by one individual (proprietorship), by two or more persons (partnership), or by many investors (corporation).
1. Assume that you want to start a business; what would it be? Describe the type of business you would like to start. Would it be classified as a service, a merchandiser, a manufacturer, or a hybrid (more than one) type of business? Conduct research as needed and explain your classification. What form of ownership would you prefer? Proprietorship, partnership, or corporation? If a corporation, what type of corporation? What factors would you consider in making your determination? Research the benefits and potential drawbacks of your chosen form of ownership beyond the information provided in the textbook.
2. Additionally, list at least three asset accounts and three liability accounts you would expect your new business to have. Explain the purpose of each account to your specific business.
3. Lastly, assume you were to invest $50,000 cash into your new business venture. Present the journal entry that would be created to record this transaction. Then, show how your ownership interest would be presented in the equity section of the business balance sheet.
Writer’s Choice Essay
Accounting Assignment Help You will need to review your financial
institution’s Bank (in this case JP Morgan Chase) Holding Company Performance Report (BHCPR) or its UBPR and
respond to the questions listed below.
A) To access the BHCPR use the following steps:
1) Click on this link: https://www.ffiec.gov/npw/Institution/TopHoldings
2) Click on the name of your financial institution
3) Click on Bank Holding Company Performance Report (BHCPR). Then select the
9/30/21 report.
The question:
Liquidity comparison: compare and contrast the set of liquidity ratios for the peer group
to your BHC’s/Bank’s ratios. Grade your BHC/Bank as being more liquid or having greater
access to liquidity (1) or less liquid or having less access to liquidity (2) for each year.
Which of these ratios for your BHC/Bank are stronger and which ratios are weaker?
Requirements: Writing, using software, and interpreting results is a large part of your learning experience. These assignments are designed
Requirements:
Writing, using software, and interpreting results is a large part of your learning experience. These assignments are designed to improve your use of technology and communication skills. Using proper business English and resources from the library you will comment and share your research with your classmates. Make sure you note your source in proper APA format.
Project Information:
As a new employee a local accounting firm, your first client is the Orlando University Bookstore. Jack Stone, the manager, would like some advice on several aspects of the bookstore’s accounting information system.
Week 1 Writing Assignment Part 1:
Discuss the need for an AIS including the benefits to the bookstore.
Week 1: Submit a 2 page report detailing the bookstore’s need for an AIS, the benefits of the system and how this data will be used to create financial reports.