sole proprietorship help needed for my business and finance homework

Jan 12th, 2016
Anonymous
Category:
Accounting
Price: $30 USD

Question description

ANSWER THE FOLLOWING QUESTIONS. Each question should be answered in at least 100 words. Quality of content and use of course and outside-of-course resources to support your position or analysis. When applicable, refer to your workplace using it and your own job as examples. The answers should not be in the form of essay, just straight to the point, in full sentences- Work must be original and cite your sources.

Use the text book chapters 1 and 2, found at: https://vk.com/doc-77652506_340859945?dl=9e4506fed8154b2ff5

Please be sure to answer the question completely but specifically in well-written complete sentences. 

1. If you were starting a new business what type of organization, ie. sole proprietorship, partnership, limited liability company or corporation, would you select?  What would be the advantages and disadvantages of your selected organization?  Would you plan to change the type of organization structure during the life of your business?  Why or why not?

2. As you begin to plan for your new company, you decide that it will be important to hire a financial manager.  Discuss the three areas of your company operations that you expect the financial manager to be responsible for.

3. The income statement and the operating section of the cash flow statement present a company’s results in very different formats. In your opinion, which statement is more important to shareholders? To company management? To creditors? Explain your responses.


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