De Gula‚ Shiela Mae BSBA-HRDM 1-6D 3 kinds of business 1 Sole Proprietorship A sole proprietorship places all liabilities for finances and operations on the owner. The owner’s personal property is tied to the business‚ so he assumes a risk against his personal assets should the business experience financial hardship. Annual income tax returns are filed on a Form 1040‚ and the owner must also file self-employment taxes. The profits and losses of the business are reported through the owner
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F151. Assets become liabilities when they expire. F152. Revenue results from collection of accounts receivable. F153. A company’s fiscal year must correspond to the calendar year. T154. Accounting periods should be of equal length to facilitate comparison between periods. T155. When there is no direct connection between revenues and costs‚ the costs are systematically allocated among the periods benefitted. T156. Applying accrual accounting results in a more accurate measurement of profit for the
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college athletes are not allowed to work and earn money when they are playing a sport. Another is that college athletes can contribute to a winning team that attracts fans and raises ticket sales and can bring in money through sponsorships and merchandising. Paying college athletes will also prevent them from accepting bribes‚ such as money‚ cars and clothes. Another consideration is how are athletes going to afford all the necessary expenses for college‚ especially if they come from poor families
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Swisher the new president and CEO of Swisher Mower Company (SMC)‚ is unsure of what the future holds for his firm. He was contacted by a major national retail merchandising chain about a private-brand distribution arrangement. Wayne Swisher needs to determine if he should accept the offer that was proposed by the national retail merchandising chain or reject it and continue on normal business. SWOT: Strengths: • Facilities have an annual production capacity of 10‚000 riding mower units on a single
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trend changing from conventional products toward environmental friendly products. 3. Discuss whether or not you feel that a "mixed-in" merchandising strategy will work for EcoOptions products? Why or why not? If not‚ discuss alternatives. P5 When there are concerns over setting dedicated shelf space for EcoOptions products‚ I think “mixed in” merchandising strategy will work better for EcoOptions products. As a customer‚ I will feel confused and have difficulty finding the specific product that
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highest times interest earned ratio of 16.45. This gives the shareholders a lot of confidence that Costco will be able to cover its interest expense in the future years. Profitability Gross profit margin is an important measure in the merchandising sector of business. It tells managers
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problems did the Rank Group find with the Hard Rock’s three main internal information systems (restaurant operations‚ merchandising‚ and financial)? Why was this a problem? Problems the Rank Group found with the Hard Rock’s three main internal information systems -Restaurant operations -Merchandising -Financial The Hard Rock Cafe had many problems with their operating‚ merchandising and financial systems. First‚ there was no standard system. Many cafes and franchise owners installed their own
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Providing Quality Service Vanita Johnson MICHAEL BRIZEK HTM 150 March 28‚ 2012 Describe how the industry involves the guest in order to provide quality service. The retail industry involves the guest to provide quality during the planning process. They have to think about the when‚ what‚ who and how. When do you to start your delivery system as the guest arrives and while the quest is waiting‚ during the experience and after the experience. What does the customer expect out of the experience
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Factors affecting impulse buying behavior in FMCG Sector Thesis submitted for the partial fulfillment of Masters of Business Administration By Akanksha Kothari A-04 Bhumika Prajapati A-16 Deepthi Edward A -19 Parth Sarthi A-38 Prashant Dwivedi A-41
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Challenges • Underdeveloped supply chain: India is the 7th largest country in the world and catering to people across such a vast region is difficult‚ leading to complexities in merchandise and inventory management. Long intermediation chains would increase the costs by 15 per cent. Inadequate and insufficient supply chain existing in India‘s retail sector is a major deterrent to the growth of this market. There is a strong need for retail to concentrate on developing a back‐end solid chain support
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