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Elena-2011 [213]
2 years ago
6

You have a neighbor, Mr. Peterson, who comes to you for advice. He owns a fish and chips restaurant, "The Codfather, LLC" which

he started and has built up for 25 years in the neighborhood. Mr Peterson is ready to retire and wants to transfer ownership of his business to his 40 year old son. What is the best advice to give Mr. Peterson
Business
2 answers:
Vladimir [108]2 years ago
7 0

The first advice I would give Mr. Peterson would be to formalize the transfer. So the first step in this situation would be to contact a good lawyer to see if the transfer of business to your child would be authorized. This is because the transfer of LLCs has rules that may differ from one location to another.

notka56 [123]2 years ago
6 0

Answer:

call up your attourny to see if transferring is possible because rules vary by  state...

Explanation:

It said I had the correct answer lol

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U.s. firms that produce sophisticated military hardware are prohibited from exporting that equipment to "unfriendly" governments
Vladimir [108]
The answer is Embargo

Can you give me brainliest? :D
8 0
2 years ago
The chance of losing time, money, reputation, etc. is known as __________.
elena55 [62]
The answer to this question is: Risk
In most cases, something that give the potential reward of time, money, and reputation will also possess the risk of losing that same thing at the same degree. This principle will often used by investors to choose which portofolio that they want to pursue with their capital.

7 0
2 years ago
On January 2, 20X4, West Co. issued 9% bonds in the amount of $500,000, which mature on January 2, 20X24. The bonds were issued
ehidna [41]

Answer:

$470,425

Explanation:

The computation of the amount reported as bond payable is shown below:

<u>Particulars  Interest at 4.5% Interest at 5%  Amortized  UnAmortized  CV</u>

<u>                                                                             discount     discount </u>

Starting value                                                                        $30,500  $469,500    

                                                              ($500,000 - $469,500)  

June 30         $22,500         $23,475                $975        $29,525  $470,425

  ($500,000 × 4.5%)            ($469500 × 5%)

The six months rate would be the half of the rates given in the question

5 0
2 years ago
Which of the following systems is especially suited to situations in which the procedure for arriving at a solution may not be f
Step2247 [10]

Answer:

The correct answer is the option D: Decision Support System.

Explanation:

To begin with, <em>''Decision Support System''</em> or DDS is the name given to a type of information system whose main purpose is to help the users in the decision making process by given them support regarding data mining and the recollection of information in order to <u>present several alternatives that may help the user to resolve a problem that may be rapidly changing and not easily specified in advance</u>, for example unstructured decision problems.

8 0
2 years ago
On January 1, 2020, Franchisee Inc. enters into a contract with Italian Fine Dining Inc. for the right (beginning immediately) t
o-na [289]

Answer: $22,000

Explanation:

The total revenue to be recognized by Italian Fine Dinning Inc. is the standalone selling price for the franchise services which is $88,000.

As this contract is for a four year period, Italian Fine Dinning Inc will have to recognize the above revenue over a period of 4 years.

Revenue in December 2020 will therefore:

= 88,000 / 4

= $22,000

4 0
2 years ago
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