In Section 8, you learned about business structures and the more technical details of starting up a company. Now, you'll apply what you learned to your own business idea. PLS NEED HELP
1. Using the business idea you chose to develop, answer the questions below. TIP: Refer to the Section 8, Lesson 2 Choosing a Business Structure page to consider the pros and cons of each consideration.

a. How many business owners will there be? (1.0 points)

b. Is liability protection important for this company? Why or why not? (2-3 sentences. 2.0 points)

c. How important is tax status? Explain. (2-3 sentences. 2.0 points)

d. How important are company-funded benefits for the business owners? (1-2 sentences. 1.0 points)

e. Is the organization providing a charitable or public service? If so, what is it? Will the company still have a profit motive? (1-2 sentences. 1.0 points)

f. How much control do you want? (1-2 sentences. 1.0 points)

g. How much complication are you willing to put up with? (1-2 sentences. 1.0 points)

2. Based on your analysis in question 1 above, decide which business structure makes the most sense for your company (sole proprietorship, partnership, LLC, C corporation, S corporation, or nonprofit corporation). Describe at least three reasons why you chose this business structure. (3-6 sentences. 3.0 points)

3. List at least 5 ideas for a company name. (Complete sentences are not necessary. 2.0 points)

4. Decide which name you will use for your company, and explain why you chose this name. (3.0 points)

5. Will your company need a DBA name? Why or why not? (1-2 sentences. 3.0 points)

6. Will you register your company name as a trademark with the state or USPTO, or both? Explain why or why not. (2-4 sentences. 3.0 points)

7. List at least 3 places where you can look for information about licenses and permits. (3.0 points)

8. If your business grows large, which type of business organization would you prefer to use (function, product, location, process, or customer)? Explain why. (2-3 sentences. 2.0 points)

9. Will your business keep inventory? If so, list some of the types of inventory you will store. If not, explain why you won't need to have inventory. (2-3 sentences. 2.0 points)

Which of the following is not a characteristic of enterprise applications that cause challenges in implementation? a. they introduce "switching costs," making the firm dependent on the vendor. b. they cause integration difficulties as every vendor uses different data and processes. c. they are complex and time consuming to implement. d. they support "best practices" for each business process and function. e. they require sweeping changes to business processes to work with the software.

Consumers who participate in the sharing economy seem willing to interact with total strangers. despite safety and privacy concerns, what do you think is the long-term outlook for this change in the way we think about interacting with people whom we don't know? how can businesses to diminish worries some people may have about these practices?

The following transactions and events that occurred in the village of kowitt gorge during the calendar year 2019: 1. the village commissioners adopted the following budget: estimated revenues: property taxes $1,850,000 all other revenues 300,000 total revenues $2,150,000 appropriations: all departments other than police $1,000,000 police—salaries 600,000 police—fringe benefits 450,000 police—supplies 80,000 total appropriations $2,130,000 2. the village received, in cash, property taxes of $1,840,000 and all other revenues of $295,000. 3. the village made cash payments, charging the following appropriations: all departments other than police $1,000,000 police—salaries 595,000 police—fringe benefits 390,000 4. the administrator of fringe benefits received an invoice for police employee health insurance in the amount of $95,000, together with a letter from the insurance provider, explaining that the large increase was caused by a change in federal laws. the invoice could not be paid because the police—fringe benefits appropriation had a balance of only $60,000 (appropriation of $450,000 minus expenditures in item 3 of $390,000). as a result, the village commissioners amended the budget as follows: increase: appropriation for police—fringe benefits $35,000 decrease: appropriation for police—salaries 5,000 decrease: appropriation for police—supplies 25,000 use of fund balance 5,000 5. the village paid the invoice for $95,000, referred to in item 4 above, charging the appropriation for police—fringe benefits. 6. the police department placed po 2019a for firearms in the amount of $30,000 and po 2019b for uniforms in the amount of $20,000, all charged to the appropriation for police—supplies. (enter these pos as one transaction.) 7. after receiving po 2019a, the supplier notified the police department that a change in the design of the weapons would increase the cost to $32,000. the department sent the supplier an amended po, increasing it by $2,000. 8. the police department received the uniforms ordered on po 2019b, together with an invoice for $20,000. the department approved the invoice for payment. record the transactions and events applicable to the appropriations for police—fringe benefits and police—supplies in the following appropriations ledger. notes: use a negative sign with your answers if: 1. the amount entered in the appropriation column is a debit (dr.) rather than a credit (cr.); or 2. the amount entered in the expenditures column is a credit (cr.) rather than a debit ( in the available appropriation column, enter the appropriate balance after every transaction/event, even if a transaction isn't recorded in a particular ledger for that transaction. for transaction 6, enter both purchase orders (pos) as one combined transaction. appropriations ledger appropriation: police - fringe benefits appropriation encumbrances expenditures available transaction cr. dr. cr. dr. appropriation 1 answer 0 answer 0 answer 0 answer 0 answer 0 2 answer 0 answer 0 answer 0 answer 0 answer 0 3 answer 0 answer 0 answer 0 answer 0 answer 0 4 answer 0 answer 0 answer 0 answer 0 answer 0 5 answer 0 answer 0 answer 0 answer 0 answer 0 6 answer 0 answer 0 answer 0 answer 0 answer 0 7 answer 0 answer 0 answer 0 answer 0 answer 0 8 answer 0 answer 0 answer 0 answer 0 answer 0 appropriations ledger appropriation: police - supplies appropriation encumbrances expenditures available transaction cr. dr. cr. dr. appropriation 1 answer 0 answer 0 answer 0 answer 0 answer 0 2 answer 0 answer 0 answer 0 answer 0 answer 0 3 answer 0 answer 0 answer 0 answer 0 answer 0 4 answer 0 answer 0 answer 0 answer 0 answer 0 5 answer 0 answer 0 answer 0 answer 0 answer 0 6 answer 0 answer 0 answer 0 answer 0 answer 0 7 answer 0 answer 0 answer 0 answer 0 answer 0 8 answer 0 answer 0 answer 0 answer 0 answer 0 answer 0 answer 0 answer 0 answer 0 answer 0