Describe entrepreneurial qualities and legal forms of operations for a small business. In your reading and learning activities, you examined entrepreneurial qualities and types of legal business organizations. In this assignment, you will apply what you learned previously from doing a feasibility analysis regarding your business idea to determine the best legal entity and the […]
Why do we call accounting “the language of business”? What does Generally Accepted Accounting Principles (GAAP) mean? What represents the results of the accounting process that are summarized in periodic reports? If you were a business owner, what would be your choice of business entity?
You are the manager of Acme Fireworks, a fireworks retailer who sells fireworks, puts on ground display fireworks, and large aerial display fireworks. The company started in the owner’s garage two years ago and now has 15 employees that you manage. The company started as a sole proprietorship, and the owner has never changed the […]
