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Book reviews Essay Assignment Paper

Book reviews

Order Instructions:

Please use the following format in preparing 4-MAT Book Reviews:

1. ABSTRACT. Summarize what you have read, boiling the book down into 300 words (1 page). Prove you comprehend the readings by writing a no-nonsense summary. The abstract is not a commentary or listing of topics but rather an objective summary from the reader’s viewpoint. Abstract equals “boiled down.” This section should include a minimum of 2 footnotes to the text being reviewed.

2. CONCRETE RESPONSE. Get vulnerable! In no less than 150 words and no more than 1 page, relate a personal life experience that this book triggered in your memory. Relate your story in first person, describing action, and quoting exact words you remember hearing or saying. In the teaching style of Jesus, this is a do-it-yourself parable, case study, confession. You will remember almost nothing you have read unless you make this critical, personal connection. What video memory began to roll? This is your chance to tell your story and make new ideas your own.

3. REFLECTION. This is the critical thinking part of the review (not critical in the sense of negative, but in the sense of questioning). In no less than 150 words and no more than 1 page, describe what questions pop up for you in response to what you have read. Keep a rough-note sheet at hand as you read. Out smart the author by asking better questions than he/she raised in the book. Tell how the author could have made the book better or more appealing to those in your field of service. One way to begin this section is by stating what bothered you most about the book. This is not a place to provide an endorsement or affirmation of the book.

4. ACTION. So what are you going to do about it? In no less than 2–3 page and no more than 5 pages for your entire paper.provide 3 action steps that describe what actions or changes you are going to make in your life, ministry, and/or work as a result of your reading. Action steps should be measurable and reveal a commitment to specific time, specific people, and identified steps.

5. Please provide a Turabian style* title page, pagination, footnotes, and Bibliography

6. DO NOT PLAGIARIZE. THIS PAPER COUNTS AS A FINAL EXAM GRADE. ANY FORM OF PLAGIARISM WILL NOT BE PERMITTED. THANK YOU

SAMPLE ANSWER

Book reviews

Abstract

Pipes, Jerry F,, and Victor Lee. Family to Family: Leaving A Lasting Legacy. Alpharetta, GA: North American Mission Board of the Southern Baptist Convention, 1999.

This book was written to assist parents in developing and bringing up healthy families by encouraging them to centre their lives on Jesus and live life in a relationship to Jesus, to each other, and to the world. It is a book about finding the purpose that God intended for the family. This publication assists families in deciding what decisions have to be made so as to fulfil that purpose. In essence, the purpose of the authors is to assist parents find out their right God-given purpose, offer tools and instruction that parents can utilize to better mentor and discipline their kids, help parents comprehend the mission of their family, and learn how to effectively impart their faith to their kids. [1]

Family to Family comprises a vital emphasis on incorporating and prioritizing scripture into all of family life until every member of the family understands and lives by the principles of the Word of God. Pipes and Lee provide a lot of inspiring stories as well as practical ideas, activities and questionnaire that could be used by families in making the study more transformational, practical, and engaging.[2] This publication does not only tell people what they need to do so as to be a family who lives under the purpose of God, it in fact goes a step further by telling people how to go about it. Family to Family is divided into 6 brief chapters that span roughly 120 pages, and includes end notes and a conclusion. Starting with Healthy Families in the first chapter and ending with sharing the message in the final one, which is Chapter 6, the authors of Family to Family provide crucial ideas and tips on the way that families could grow closer together and reach their community as well as the world for Jesus.

Concrete Response

This book has triggered something that I can relate to my personal life experience. When growing up, my father always took the matter of family time seriously. He maintained that as a family, we should have a sufficient time together. He wanted our family to remain spiritually strong. This is highlighted in the book Family to Family, especially in the 1^st chapter where the authors discuss at length the importance of having family time. Pipes and Lee point out that quality family time is significant and so is quantity family time. They noted that one proper way of spending time with kids is to live out the great commission. They also discuss the significance of showing kids that Christ loves us by carrying out acts of love to those around particularly those who are lost[3]. Our parents also taught us to follow Christ and to walk in the ways of soberness and truth. We always gathered together to pray at least every morning or every night.

My parents encouraged us to pray to God for our personal needs and taught me how to build a lasting relationship with Christ. In some way, my father evangelized to us. The authors of Family to Family talk about this in the book. Pipes and Lee strongly believe that evangelism begins at home. For parents, their kids need to be their first priority when it comes to having a relationship with Christ[4]. In the third chapter, Pipes and Lee talk about how parents can help their teens or children in making the choice to follow Christ. For a teen, the parent is in a more mentoring stage of parenting. Here, Pipes and Lee focus on the significance of modelling and showing that the Word of God is key in the parent’s own life, spending time with his or her teenagers, praying with them and for them, and allowing them to discover God rather than showing them or doing for them everything[5]. With these important aspects of parenting, teenagers have a higher chance of following Christ when they are on their own. We were a happy family back then. In family life, happiness is most likely to be attained whenever it is based on Christ’s teachings.[6]

Reflection

After reading Family to Family, what really bothered me about this text is the adoption of business practices in the home setting. Is it really necessary for families to have a mission statement like companies do? Pipes and Lee noted that a family should adopt a mission statement and they express their zeal for the significance they put on the idea of a Christian family implementing a mission statement. Taking up this corporate mainstay in the family might really not be a god idea. Even though there are definitely corporate facets to contemporary ministry including evangelism, the Christian ministry is actually not a business venture. In essence, it is a mistake to treat ministry the same as a for-profit organization[7]. Bringing methods and principles of business from the business community to a family unit is a mistake.

All in all, there is more to bringing up a family and imparting the faith of the parents to their kids than a short purpose statement. It is important to explicitly communicate the core values of the family to the next generation. Even so, it is not appropriate to adopt approaches of the business world into the family setting. Using business practices in the home perhaps could be a result of the growing trend of churches in the United States trying to emulate the business community. Pipes and Lee could have made the text better by not suggesting that homes should adopt mission statements like the business community.

Action

As a result of reading the text Family to Family, I will carry out a number of actions or changes in my life, ministry and/or work. They are as follows: (i) ministering to my own family first and spending enough time with them. In the next 14 months, I would make an effort to evangelize to my own family members first before going on to evangelize to other people. Evangelizing to my own family first will entail incorporating and prioritizing scripture into all of my family’s life until every individual member of my family knows and lives by the principles of the Word of God. I will ensure that I spend at least 6 hours per day with my family members. In essence, I will become more rational and prioritize both quantity and quality time with my families and children. I will also ensure that my family is actually centred upon Jesus Christ. According to Pipes and Lee, Christian families which do not spend time together and are not centred on Jesus have lost their way as demonstrated by nearly 90 percent of evangelical kids who leave the church by the age of eighteen years.[8] After reading this, I can also teach members of my own family how they can write their own testimonies.

(ii) Develop a mission statement for my family in the next 6 months: in Family to Family, the authors point out that a family which is serious with regard to becoming a healthy family centred on Jesus has to develop its own family mission statement. Several important tips are described by the authors that a family can use to craft its own mission statement. Pipes and Lee stated that a mission statement for a family would act as guardrails and a centreline for the family unit on the road through life and help us in making the priorities of Jesus our own priorities.[9] Even though I cannot foresee or predict what life would bring my way, having a mission statement would be helpful to me in knowing whether or not I have wandered off from the centreline of my faith whenever family life becomes difficult. In developing a family mission statement, Jesus and His purpose would serve as the starting point.

(iii) Minister and evangelize more and share the gospel with many people. In the next 2 years, I will make an effort to minister together with my family and other families both out of the country and at home in order to impact our neighbours and the world for Jesus with our witness. In ministering, we would organize family mission trips, hold block parties, and even use JESUS videos in the evangelism. This is something which the authors of the text Family to Family have explored in Chapter 5. According to the authors, 21 percent of people in America receive Jesus when they are provided with a clear and understandable presentation of the gospel via the JESUS video. Further, I will make an effort to share the gospel with other people through the use of other practical techniques for instance using my own personal testimony.

References

Pipes, Jerry F,, and Victor Lee. Family to Family: Leaving A Lasting Legacy. Alpharetta, GA: North American Mission Board of the Southern Baptist Convention, 1999.

Wheeler, David. Worship and witness: Becoming a great commission worshipper. Alpharetta, GA: North American Mission Board of the Southern Baptist Convention, 2010.

[1] Jerry F. Pipes and Victor Lee. Family to Family: Leaving A Lasting Legacy. (Alpharetta, GA: North American Mission Board of the Southern Baptist Convention, 1999), 4.

[2] Pipes and Lee. Family to Family, 12

[3] Pipes and Lee. Family to Family, 18

[4] Pipes and Lee. Family to Family, 24

[5] Pipes and Lee. Family to Family, 52-58

[6] David Wheeler. Worship and witness: Becoming a great commission worshipper. (Alpharetta, GA: North American Mission Board of the Southern Baptist Convention, 2010), 56

[7] Wheeler. Worship and witness. 68

[8] Jerry F. Pipes and Victor Lee. Family to Family: Leaving A Lasting Legacy. (Alpharetta, GA: North American Mission Board of the Southern Baptist Convention, 1999), 34

[9] Pipes and Lee. Family to Family, 25

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Analytical Paper Assignment Available

Analytical Paper

There are numerous examples of ethically ambiguous activities featured in the film. These activities may involve actions, affirmative statements, omissions
and/or schemes. Identify and explain one such activity. Include a brief description of the parties involved, what happened, and why it was ethically
questionable. Then, answer the following questions utilizing the framework of the moral philosophies discussed in class and Chapter 6 of the textbook:
(1) Identify the moral philosophy upon which the parties seem to have relied to justify their actions. Define that philosophy and explain how it led them to
act as they did.
(2) Select two alternative moral philosophies that might have led the parties to a different result and, for each one, include a definition of that
alternative philosophy and an analysis of how the actors would have acted had they utilized that moral philosophy. Also discuss the likely outcome of acting
in accordance with each such alternative philosophy.
Your answer should be written in essay format; in other words, it should not be divided into individual answers to the above questions. There is no need to
consult sources beyond your textbook, your class notes, and the film itself.

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Concert Report Assignment Help Available

Concert Report

Your formal essay should address the following questions:
1) Who performed? Were the musicians professional or amateur? List the instrumentation and
identify the type of ensemble.
2) What music was performed? Be specific. List the names of pieces, lyrical content (if any),
facts about the pieces such as dates, composer information, historical details, etc…
3) What did you observe about the music? Did it evoke a particular mood? Did that mood evolve or remain the same throughout? What was notable or unusual about the music? Can you identify any concepts in the music that we have discussed in class (such as the meter, accents, pitch range, octaves, timbre, etc…)?
4) What was your opinion of the performance? Did you enjoy it, were you confounded by it,
was it not your “cup of tea?” Be sure to explain your opinions in depth.

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History Essay Assignment Paper Available

History Essay

Many historians consider Kaiser Wilhelm II to be the individual who was most responsible for causing WW1.?
To what extent do you agree with this statement?

Write this essay agreeing partially. Make sure you bring in factors in why he started the war. Also bring in alturcations like Morocco, Russia and the
assassination of Franc Ferdinand etc…

Your assignment must follow these formatting requirements:

Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions.
Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.

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METR Homework 2 Assignment Paper

METR Homework 2

1. What are the major components of hydrological cycle? What are the key changes observed on these hydrological components?
2. What are the two clouds radiation effects on energy balance?
3. How do clouds affect the local temperature? Draw a figure to show. (hint: from albedo effect, greenhouse effect, day, night perspectives)
4. Describe the importance of aerosol effects on clouds formation.
5. Touch the data: Analysis NASA satellite (MODIS) observed cirrus clouds, plot the data from the following website and answer the questions (a) and (b)
below
Step 1: go to http://gdata2.sci.gsfc.nasa.gov/daac-bin/G3/gui.cgi?instance_id=MODIS_MONTHLY_L3
Step 2 go to panel for “MOD08_M3.051”
Step 2. select cirrus reflection
Step 3: plot globe map for July 2013 to answer question (a)
Step 4. Change temporal selection and select “Visualization Selection” as “time series” for question (b).
Question:
a. discuss three regions with high cirrus refection occur and link your albedo lecture to explain how this high cirrus reflection would affect surface
temperature
b. plot time series for global cirrus reflection from January 2013 to December 2013, discuss which month has the highest value and lowest value. Can you
guess what might be the reasons?

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Investments Research Term Paper Available

Investments

Order Instructions:

Dear Admin,

Note: To prepare for this essay please read the required articles that is attached then answer the following questions:

Part A…………………………..

Answer the following questions:

1.An organisation owes £300,000 tax at 1.7.X4 and £450,000 at 30.6.X5. Its income statement for the year to 30.6.X5 includes a tax charge of £400,000. How much tax was actually paid in the year to 30.6.X5?

2.An organisation buys a tangible non-current asset for £200,000. It has an estimated scrap value of £20,000 and an expected useful economic life of 10 years.

o What depreciation will be shown in the income statement for year 3?

o How would the non-current asset be shown in the statement of financial position at the end of year 3?

o If the asset is sold for £120,000 in year 4, how will this affect:
a) the income statement for year 4?
b) the statement of financial position at the end of year 4?

o How will the sale of the tangible non-current asset affect the firm’s statement of cash flows?
Be sure to demonstrate your numerical workings.

Part B…………………………..

The income statement and the statement of cash flows, in addition to the statement of financial position, are the three financial statements that organisations cannot do without. The statement of cash flows was the last one to be instituted but is now regarded as a necessity in the accounting field. The following exercise takes a closer look at the statement of cash flows and allows time for your thoughts and consideration of its role.
In formulating your Key Concept Exercise, consider the following questions:

•What type of information does the statement of cash flows provide investors?

•How do changes in liquidity affect an organisation?
Cash is the lifeblood of any business, and without it survival is very unlikely.

Do you agree or disagree? Explain what information a statement of cash flows provides to supplement a statement of financial position and an income statement. Why is there still some controversy surrounding published statements of cash flows? How important are such statements in terms of the financial reporting requirements within YOUR country?
Base your answer upon your reading, further research and your own experiences.

Also,
1) The answer must raise appropriate critical questions.
2) Do include all your references, as per the Harvard Referencing System,
3) Please don’t use Wikipedia web site.
4) I need examples from peer reviewed articles or researches.
5) Turnitin.com copy percentage must be 10% or less.

Note: To prepare for this essay please read the required articles that is attached

Appreciate each single moment you spend in writing my paper

Best regards

SAMPLE ANSWER

Investments

Part A

Question 1

Taxation	Tax due £
1.7.X 4	300,000
30.06. X 5	450,000
Tax due	750,000
Tax paid	400,000	For 30.06.X5
Tax Paid	300,000	For 1.7.X4
Total paid	700,000

Please note taxes are paid as per the total
that’s being owed. The entries in the income
statement reflect the income for expenses
for the period only. Owings for taxes for that period
would amount to £ 50 (part of Owings)

The total tax paid in 30.06.X5 is £700,000

Question 2

Depreciation	£
Cost of the Asset	200,000
Less Scrap value	20,000
Useful life	180,000
Years 10 yrs (depreciation/year)	18,000

a) Third yr depreciation	18,000

	Cost	Dep	NBV
b) Non-current Assets	200,000	54,000	146,000

Income Statement yr 4
Total depreciation – 4yrs	72,000
NBV (200,000-72,000)	128,000
Disposal	120,000
Loss	8,000
c) The income statement would report a loss of 8,000

d) The financial statement would not have a report
of the asset if it’s sold. It would be removed
from the financial statement.

(Kieso, Weygandt & Warfield, 2007)

Part B

Introduction

Cash flows reflect the changes in the balance sheet and also the income statement. It calculates and arrives at cash and cash equivalents through an analysis that breaks down all the business operations into three processes; financing, operating and investing activities. The cash flow statement includes all the current financial operations as per the balance sheet as well as all the changes that took place during the financial year. The cash flow is utilized to determine a company’s short term financial viability especially its liquidity. The investors would be interested in knowing the cash generated from operations, the taxes and interest paid together with the dividends that were paid to the owners of the company (Bodie, Z., Kane, A., & Marcus, A. J. 2008).

The cash flow reveals all the net cash flows from the investing, financing and operating activities. It also indicates the net increase in the company’s cash & cash equivalents. The investors are mostly interested in profitability of the company but the company has to be liquid. The company must be able to maintain its financial obligations by having a reasonable working capital. Investors are mostly interested in cash flow statements because they shade some light on the company’s liquidity. The income statement is based on the accrual system; transactions are recognized when they have occurred and not when cash is paid or received by the company. Because of these systems, it’s possible for a company to register some profits but actually collapse after a few days due to liquidity problems. The amounts recorded and expected from debtors may not arrive on time or may turn out to be bad debts.

Yes i agree with the statement as without liquid cash for operations a business unit cannot function. Large businesses collapse because of investing huge amounts of money in stock. Operating cash flow is crucial to the survival of a business as most operations like payment of salaries, sales allowances and maintenance of vehicles must be paid for business operations and processes to function effectively.

The statement of cash flow reveals the company’s liquidity position. The total cash paid and the remaining cash and cash equivalent (Vance, 2003).

The controversies surrounding the cash flow suggest that the financial statement is difficult to understand for average citizens and it becomes even more complex for large corporations that have complex business operations like acquisitions, mergers or disposals of subsidiaries. Most companies rank liquidity in companies as more important and critical than actual profitability of the company. The income statement and the balance sheet reveal only the profitability of the company but the cash flow reveals even the liquidity status of the company.

However, the major limitation of the cash flow statement is that it only indicates the amounts spent on acquisition of fixed or non-current assets in a particular financial period but it does not reveal whether the transaction were profitable or not and if it was necessary in the first place.

The cash flow may also reveal if the company registered some increment in stock since the last financial period but it does not reveal if the increment was a result of poor work by salesmen, error in stock taking or a strategy to make extra income on anticipation of price increment or fear of shortages (Garrison, R., Noreen, W. & Brewer, 2009).

The cash flow also does not reveal why debtors may have increased and the reasons behind the increment. It could be possible that the debtors may be having financial challenges or the company has extended its credit period or the credit controller is inefficient in collecting the debts due. These questions makes it necessary to have other financial statements that have more details on financial issues and which may be needed to clear certain reports. Hence the cash flow cannot be of much use if it’s presented on its own and without the income statement and the balance sheet or the statement of financial position of a company. All the three financial documents have their own contribution in providing complete financial accounting information.

References

Bodie, Z., Kane, A., & Marcus, A. J., 2008, Investments (7th International Ed.) Boston: McGraw-Hill. 303

Garrison, R., Noreen, W. & Brewer, P., 2009, Managerial Accounting, New York, NY: McGraw-Hill Irwin. 65 -70

Kieso, D. E., Weygandt, J. J., & Warfield, T. D., 2007, Intermediate Accounting (12th Ed.). Hoboken, NJ: John Wiley & Sons,

Vance, D., 2003, Financial analysis and decision making: tools and techniques to solve financial problems and make effective business decisions. New York, NY: McGraw-Hill.

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Economics Essay Paper Writing Services

Economics

Research authoritative articles using the news and the DeVry Online Library (http://library.devry.edu) for a recent case of antitrust investigation. You are
free to choose a case from any industry and any part of the world. Based on the case you have selected, answer the following questions.

Why was/were the firm(s) investigated for antitrust behavior?
Identify some of the costs (pecuniary and non-pecuniary) associated with the antitrust behavior (firms having power in the market). Additionally, note the specific antitrust act (Sherman Act, Clayton Act, etc.) under which the violation was investigated.
Given your research and findings, are monopolies and oligopolies (firms demonstrating power) always bad for society? Be sure to provide real world examples of where this may be the case to strengthen your position.
Provide at least one example of a case where having a monopoly or oligopoly may actually benefit the society.

Based on your findings to the questions listed above, write a report with a minimum of 300 words in essay format in APA style (use the APA template in Doc
Sharing), using correct economic terms covered in the discussions. If you ONLY write 300 words, you probably won’t be able to fully answer the questions.
Key concepts to include in your paper include the following.

Monopoly Market Structure
Oligopoly Market Structure
Barriers to Entry Into the Market
Natural Monopoly
Government Monopoly
Downward Sloping Demand Curve
Economies of Scale
Price Fixing
Collusion
Monopoly Pricing
Price Maker
Market Power
Economic Profits
Imperfect Competition
Rent-Seeking Behavior
X-Inefficiency
Deadweight Loss to Society
Marginal Cost
Marginal Revenue

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Nursing Assignment Paper Available Now

Nursing Assignment Paper

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Part 1

What factors should a nurse consider when assessing a patient’s or patient’s family needs for supportive care? Name one major barrier you encountered in your assessment and discuss how it could be resolved.

Part 2

Search the South University Online Library for caregiver role strain. What is the most important factor that causes caregiver role strain? What can be done to prevent it?

at least 1 citation for each part

SAMPLE ANSWER

Part 1: Demographic as well as economic changes have become prevalent in our ever-growing multicultural world. The long-standing disparities especially in the healthcare field have challenged health care providers to take into account cultural diversity as a priority during care delivery. It is therefore of importance of care providers to recognize that care delivery goes beyond cultural beliefs and values. Some other factors that affect supportive care apart from culture include gender, age, religion, language, socio-economic status, geographical location, and occupation status.

One of the barriers encountered I encountered when providing supportive care was managing scarce resources. Mostly, health care institutions have an under-supply of various health professionals (Kabene, 2011, Pg. 129). This shortage has risen as a barrier to effective care coordination that has adversely affected the quality of healthcare delivery. This is because the shortage has placed pressure on the practising healthcare officials who have been forced to take care of large volumes of patients. The increasing number of patients has limited the support and care of health officials to their patients.

I believe this problem can be solved efficiently by employing more nurses and increasing the number of students who enrol as nurses. Health care institutions can also ask for more intern students who will help relieve the burden on other nurses.

Part 2: For me, an increase in responsibility that results in burnout is one of the leading factors that cause caregiver role strain. For health official to solve this problem, they need to sit down and come up with a list of all their personal needs in order to fulfil them and avoid them from feeling deprived (Wilkinson & Treas, 2011, Pg. 229). They should also eat a proper diet and get enough rest.

References

Wilkinson, J. M., & Treas, L. S. (2011). Fundamentals of nursing. Philadelphia: F.A. Davis Co.

Kabene, S. M. (2011). Human resources in healthcare, health informatics and healthcare systems. Hershey, PA: Medical Information Science Reference.

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Individual Reflection: Reflecting on the Topic of Budgeting

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NB/THIS UNDERGRADUATE PAPER NOT A HIGH SCHOOL PAPER

Assignment 2: Individual Reflection: Reflecting on the Topic of Budgeting
Reflect upon the following in terms of the practices of your organization, providing actual examples and scenarios to illustrate your points. Note that if you are not currently employed in a finance or accounting position, you may need to set up a meeting with the person at your organization who can help you to answer the questions included below which are organization-specific.

The Assignment:

Explain how forecasting compares to budgeting.
Identify the key components of the master budgeted income statement.
Identify the key stakeholders in the budgeting process at your organization.
Explain some of the key planning assumptions used in your organization.
Explain how your new understanding of these concepts will impact your decisions in your organization.

SAMPLE ANSWER

Individual Reflection

Question one

Forecasting resembles what is known as the budget. The mechanics applied to come up with forecasting are also the same to that of a plan. However, forecasting is different from a plan. This is due to how it is been used and the type of the data it contains. If the management is able to use the forecasting wisely, it will be a major tool that will ever ensure that the company will never go out of cash. Forecasting helps the management or a company to make informed decision and help adjust to the existing plans according to the latest information available public or private. Company use forecasting as an educated goal and as a budgeting objective, (Lal, & Srivastava, 2009, pg. 887).

Question two

Operational budget

This comprise of the company’s sales, production, direct materials cost, direct labor costs, administrative cost and the cost of goods manufactured. These categories all have their own budget and the most component is sales.

Financial budget

It comprises five different categories. The expected amount for each quarter for a SMEs will vary different, the schedule of the expected cash inflows is based on forecasting such as sale revenues, the cash budget, statement of income stamen and the statement of financial positions of all the budget cash.

Question three

Internal stakeholders

Customers, staffs, and training department

External stakeholders

Project managers and developers

Question four

The organization has the necessary and quality products and services that the consumer want and the company is in a position to produce and sell at a profit, (Vego, & Naval War College U.S. 2009, pg. 32).

Question five

This new concept will help to be able to forecast the expected future cash inflow and outflow of the company major components of the main budget. Also, the budget planning will have to involve all the primary stakeholders. This will help to come up with informed public and private information that will guide the company financial in a given fiscal year.

References

Lal, J., & Srivastava, S. (2009). Cost accounting. New Delhi: Tata McGraw-Hill.

Vego, M. N., & Naval War College (U.S.). (2009). Joint operational warfare: Theory and practice. Newport, RI: Naval War College.

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A sole proprietorship a partnership and a corporation

Distinguish among a sole proprietorship a partnership and a corporation delineate the advantages and disadvantage of each describes how the revenues profits liabilities and assets are shared

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distinguish among a sole proprietorship a partnership and a corporation delineate the advantages and disadvantage of each describes how the revenues profits liabilities and assets are shared

SAMPLE ANSWER

Distinguish between a sole proprietorship a partnership and a corporation

Introduction

Sole proprietor engages in a business enterprise mostly as a single director as well as the owner. There are many advantages related with this kind of arrangement. The owner can make quick decisions without consulting anyone. He also shares his profits with no one and he can dissolve the business without consulting anyone. The major disadvantage is that there is no continuity in case of death and the business is not limited. The business cannot be sued or sue in its own name and the owner is personally liable for the debts of the company. The owner cannot also borrow money from the public (Chandra, 2007).

A partnership is also not limited and it can be formed by two or more persons but they should be less than fifty members or as stipulated by law. The partners share all the profits according to their own agreements. Partnerships are simple to create and manage. Partnership also has continuity as in the case of the death of a member the rest of the members can continue with the business. General partnerships have partners who are personally liable for any debts incurred from the business. Limited partnerships have limited liability to its members however it’s more expensive to create.

Corporations have legal personality and they can sue or be sued in their own names. They can also raise money from the public and they have limited liability. They are formed by two or more directors.

The major disadvantage is that they are taxed highly and the process of registering the corporation is longer and requires more money. The company must also publish its accounts annually. Companies declare dividends to the shareholders as profits from the company and which is distributed according to each shareholding. All dividends payable to the shareholders are also taxed.
References

Chandra, G. (2007) Company Law, 3rd Edition; McGraw-Hill Education

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