Dr Chen and Dr. Welsh want to open a dental clinic. They has enough capital for...
Dr Chen and Dr. Welsh want to open a dental clinic. They has enough capital for the clinic. One concern they have is they might be sued by patients. What is the most appropriate organization form they should use for the clinic?
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Sole proprietorship |
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Partnership |
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LLC |
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Corporation |
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Dr Chen and Dr. Welsh want to open a dental clinic. They has
enough capital for...
agree or not? What are the advantages and disadvantages of changing the company organization from a...
agree or not? What are the advantages and disadvantages of changing the company organization from a sole proprietorship to an LLC? A sole proprietorship is a company that is own by one person and is the simplest form of business to start (Ross, Westerfield & Jordan, 2020). Since there is only one owner for the organization, the sole proprietor retains all the profits from the business. On the other hand, a sole proprietor is also responsible for any debts, liabilities...
You and a family member are considering starting a business together. You have a very detailed...
You and a family member are considering starting a business together. You have a very detailed conversation about your mutual expectations, your business goals, and your respective roles in the business. What items should you discuss with your partner before entering into a business arrangement? What are the most important factors that you believe need to be addressed and agreement upon prior to forming the business? You are both considering a limited liability company. (LLC). Is an LLC the most...
identify the appropriate business formation for the following: Denies, a lawyer, decided to start her own...
identify the appropriate business formation for the following: Denies, a lawyer, decided to start her own law practice. She will have a paralegal, a secretary and a filing assistant. She is considering having other lawyers as associates or partners. She will borrow $100,000 for start-up costs. Ideally, she does not want to have any liability if she is sued for legal malpractice. Explain whether she should form the business as a sole proprietorship, a personal corporation, or partnership. The answer...
ignment Saved Help Save & E makes sense for their business. The goal of this click...
ignment Saved Help Save & E makes sense for their business. The goal of this click and drag is to demonstrate your understanding of the risks and liabilities, formalities and expenses, and income tax rules when selecting a type of business formation. Review the statements and scenarios listed. Place each selection into one of the columns to denote which business formation is being described and if the statement is an advantage or disadvantage of that business formation option. Double Taxation...
Verizon LTE 10:13 AM 66% Math 2193.docx Done Preface: I am an adjunct dental hygiene instructor in the Dental Hygiene Program at Southwestern College. The current senior class has 30 dental hygi...
Verizon LTE 10:13 AM 66% Math 2193.docx Done Preface: I am an adjunct dental hygiene instructor in the Dental Hygiene Program at Southwestern College. The current senior class has 30 dental hygiene students graduating at the end of this month. The 30 senior students have treated patients during their second semester (8 patients required), third semester (12 patients required) and fourth semester (18 patients required) during the program. The total number of patients treated in the dental hygiene clinic were...
For a would-be entrepreneur, selecting the proper form of business organization is a very important first...
For a would-be entrepreneur, selecting the proper form of business organization is a very important first step in the process. After some consideration and an assessment of your skills and education, you have decided to start a medical billing service that will provide services to providers in the local geographical area. Ideally, you would like to service physicians, dentists and hospitals. 1. Determine which of the three forms of business organization (sole proprietorship. partnership or corporation) would be the most...
Please solve question 2 10 MUMS Dr. McMuffin has a medical clinic formed as a corporation...
Please solve question 2
10 MUMS Dr. McMuffin has a medical clinic formed as a corporation that provides specialty care services to patients. The balances in the accounts as of January 1, 2019 are as follows: Cash 68,000 122,000 71,200 Accounts Receivable Office Supplies Building Land Office Fixtures and Equipment Medical Instruments Accounts Payable 47.000 Notes Payable 44,000 Contributed Capital 6,200 Retained Earnings 87.000 Patient Service Revenue 51,000 Income Tax Expense 28,000 Compensation Expense 40,000 Insurance Expense 42,000 Utilities Expense...
HOMEWORK #3 Due February 7,5:00 pm 10 points Dr. McMuffin has a medical clinic formed as...
HOMEWORK #3 Due February 7,5:00 pm 10 points Dr. McMuffin has a medical clinic formed as a corporation that provides specialty care services to patients. The balances in the accounts as of January 1, 2019 are as follows: Cash 68,000 122,000 71,200 Accounts Receivable Office Supplies Building Land Office Fixtures and Equipment Medical Instruments Accounts Payable 47,000 Notes Payable 44,000 Contributed Capital 6,200 Retained Earnings 87.000 Patient Service Revenue 51,000 Income Tax Expense 28,000 Compensation Expense 40,000 Insurance Expense 42,000...
Question 7 Quarrels among business associates have become common. The associates quarrel over what products the...
Question 7 Quarrels among business associates have become common. The associates quarrel over what products the firm should sell, division of authority, selection of personnel, whether to bring family members into the business, whether to expand, and who is contributing most to the firm s success. Such feuding, which damages business relationships, occurs most frequently in what form of business a. Partnerships b. S-corporations c. Corporations d. Sole proprietorships e. Coorperatives 1.5 points Question 8 Laura wants to start a...
TRUE OR FALSE/ MULTIPLE CHOICE and word response questions. C. a more permanent government involvement in the ba...
TRUE OR FALSE/ MULTIPLE CHOICE and word response
questions.
C. a more permanent government involvement in the banking system, even creating a pational banking system that owns and operates most of the global and regional banks. Deshort-term increases in government spending to stimulate the economy. 20. When describing the state of the U.S. economy, reporters often refer to the nation's GDP, its unemployment rate, and the CPI. Explain what each of these terms means and why each measure is significant....
ignment Saved Help Save & E makes sense for their business. The goal of this click and drag is to demonstrate your understanding of the risks and liabilities, formalities and expenses, and income tax rules when selecting a type of business formation. Review the statements and scenarios listed. Place each selection into one of the columns to denote which business formation is being described and if the statement is an advantage or disadvantage of that business formation option. Double Taxation...
Verizon LTE 10:13 AM 66% Math 2193.docx Done Preface: I am an adjunct dental hygiene instructor in the Dental Hygiene Program at Southwestern College. The current senior class has 30 dental hygiene students graduating at the end of this month. The 30 senior students have treated patients during their second semester (8 patients required), third semester (12 patients required) and fourth semester (18 patients required) during the program. The total number of patients treated in the dental hygiene clinic were...
For a would-be entrepreneur, selecting the proper form of business organization is a very important first step in the process. After some consideration and an assessment of your skills and education, you have decided to start a medical billing service that will provide services to providers in the local geographical area. Ideally, you would like to service physicians, dentists and hospitals. 1. Determine which of the three forms of business organization (sole proprietorship. partnership or corporation) would be the most...
Please solve question 2
10 MUMS Dr. McMuffin has a medical clinic formed as a corporation that provides specialty care services to patients. The balances in the accounts as of January 1, 2019 are as follows: Cash 68,000 122,000 71,200 Accounts Receivable Office Supplies Building Land Office Fixtures and Equipment Medical Instruments Accounts Payable 47.000 Notes Payable 44,000 Contributed Capital 6,200 Retained Earnings 87.000 Patient Service Revenue 51,000 Income Tax Expense 28,000 Compensation Expense 40,000 Insurance Expense 42,000 Utilities Expense...
HOMEWORK #3 Due February 7,5:00 pm 10 points Dr. McMuffin has a medical clinic formed as a corporation that provides specialty care services to patients. The balances in the accounts as of January 1, 2019 are as follows: Cash 68,000 122,000 71,200 Accounts Receivable Office Supplies Building Land Office Fixtures and Equipment Medical Instruments Accounts Payable 47,000 Notes Payable 44,000 Contributed Capital 6,200 Retained Earnings 87.000 Patient Service Revenue 51,000 Income Tax Expense 28,000 Compensation Expense 40,000 Insurance Expense 42,000...
TRUE OR FALSE/ MULTIPLE CHOICE and word response
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C. a more permanent government involvement in the banking system, even creating a pational banking system that owns and operates most of the global and regional banks. Deshort-term increases in government spending to stimulate the economy. 20. When describing the state of the U.S. economy, reporters often refer to the nation's GDP, its unemployment rate, and the CPI. Explain what each of these terms means and why each measure is significant....
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