1) When Gordon and Scott started their business, they contributed equal amount of capital, but did not sign a formal agreement. What type of business entity would they be presumed to have formed and how would any profits be divided? If they wanted to limit their liability but still remain a small enterprise, what are their options? Which type of liability organization would you recommend and why?

The dollar value generated over decades of customer loyalty to your company is known as brand equity. viability. sustainability. luck.

Yowell company granted a sales discount of $360 to a customer when it collected the amount due on account. yowell uses the perpetual inventory system. which of the following answers reflects the effects on the financial statements of only the discount? assets = liab. + equity rev. − exp. = net inc. cash flow a. (360 ) = na + (360 ) (360 ) − na = (360 ) (360 ) oa b. na = (360 ) + 360 360 − na = 360 na c. (360 ) = na + (360 ) (360 ) − na = (360 ) na d. na = (360 ) + 360 360 − na = 360 na

Sally has a high-paying management position with a fortune 500 company, but she is tired of working for corporate america. so sally has decided to start a business, and she knows she will be successful as an entrepreneur because entrepreneurs typically