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SolarBike Company was formed as a partnership ten years ago by three sisters-in-law: Peg McLaughlin, Terry McLaughlin, and Joanie McLaughlin. All three worked diligently to design and produce the SolarBike: an electric bicycle propelled by the sun’s rays. The good news is that the bike is a big hit with environmentalists and last year’s sales reached $2 million. The bad news is that to keep up with growing demand for the bike, the company must expand its capacity at a cost of $1 million. Even though the company is doing well, it’s unlikely that the partnership could get the needed $1 million in funds from a bank. The company’s predicament was discussed at a recent partnership meeting. Not only were the three partners unwilling to lend the company any more money, but also they voiced concern about being held responsible for their own actions as well as for all the partners’ actions. Peg asked the group to consider incorporating and raising funds through the sale of stock. Joanie supported this idea, but Terry was against it. The three partners hired you as a consultant to advise them on whether to remain as a partnership or to form a private corporation. In addition to your recommendation, you should discuss the advantages and disadvantages of both forms of organization and explain how they apply to SolarBike Company’s situation.
The ultimate consumer or organizational buyer is provided with time, possession and place utility by which of the following?
Research, identify and discuss the 4 basic functions of management. Also, explain which function you feel is most important and why.
The manager of a bistro is considering outsourcing
JCPenny decided to consider explanding into various foreign countries; it applied a comprehensive country risk analysis before making its expansion decision. Initial screening of 30 foreign countries were based on political and economic factors that ..
What is the optimal allocation of investment funds among stocks, bonds, mutual funds, and cash? What is the annual rate of return and the total risk for the optimal portfolio?
The initial contract was signed on January 5, 2010 in the amount of $1,000,000. This amount included $800,000 for construction costs, $150,000 for overhead mark-up, and $50,000 for profit markup. The contractor broke ground on February 4, 2010. Calcu..
Describe at least three challenges you can foresee in dissemination of computer-based medical education programs from one institution to another.
Sarah needs to purchase organic Palm oil to make her soaps. She needs 1,000 kgs of Palm oil per day on average. The supplier charges a $60 delivery fee per order.
explain why many economists argue that an income tax penalizes savers but a consumption tax would not. in what sense
1 which of the following is an analytical tool used in six-sigma quality improvement programs?bull gantt
The Bouchard Company's EPS was $5.39 in 2005, up from $3.08 in 2000. The company pays out 35% of its earnings as dividends, and its common stock sells for $38.
In an essay of 350-500 words, explain how networking is used in conjunction with public relations. Provide two examples of how successful entrepreneurs have used public relations and networking to their business' advantage
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