Reference no: EM131225495
Final Paper
You are the manager of Acme Fireworks, a fireworks retailer who sells fireworks, puts on ground display fireworks, and large aerial display fireworks. The company started in the owner's garage two years ago and now has 15 employees that you manage. The company started as a sole proprietorship, and the owner has never changed the entity. The owner has informed you that the company has received inquiries from several large businesses wondering if the company could create several fireworks displays on a regular basis. The owner told the inquirers that the company could fill such display orders, and a price per display was agreed upon. It was discussed that most of the cost for a fireworks display is for skilled labor, insurance, and the actual service of setting off the fireworks. No other details were discussed. The owner is anticipating that new employees will need to be hired, but he is worried that if the large orders for fireworks displays do not continue, the company will not have the funds to pay the new employees. The owner is now considering changing the business entity, but he does not know what entity to form or how to form it.
The owner has asked you to do the following:
Determine if the contracts with the businesses will be governed by common law or the Uniform Commercial Code (UCC), and explain why.
Analyze whether the owner formed a contract with the businesses, and apply the five essential elements of an enforceable contract.
Explain the potential personal liability to Acme Fireworks if a spectator is injured by a stray firework from a fireworks display.
Discuss the different employment types and relationships relevant to agency law, and analyze the advantages and disadvantages of each type specific to Acme Fireworks.
Explain why Acme Fireworks should not operate as a sole proprietorship. Recommend a new business entity, and provide rationale to support your recommendation.
For each task, be sure to analyze the relevant law, apply the facts to the law, and make a conclusion.
The paper
Must be 8 to 10 double-spaced pages in length (not including title and references pages) and formatted according to APA style as outlined in the Ashford Writing Center.
Must include a separate title page with the following:
Title of paper
Student's name
Course name and number
Instructor's name
Date submitted
Must begin with an introductory paragraph that has a succinct thesis statement.
Must address the topic of the paper with critical thought. That is, describe what your response is to the content, either positive or negative, and defend your position. If multiple options, alternatives, and/or positions are present and are being rejected, you must also defend the reasons for rejecting an option.
Must end with a conclusion that reaffirms your thesis.
Must include at least five scholarly sources, two of which must be from the Ashford University Library, in addition to the course text.
Must document all sources in APA style as outlined in the Ashford Writing Center.
Must include a separate references page that is formatted according to APA style as outlined in the Ashford Writing Center.
What is the total rate of entropy generation sg
: A 25-ohm resistor at steady state draws a current of 10 amperes. Its temperature is 3 10 K; the temperature of the surroundings is 300 K. What is the total rate of entropy generation SG? What is its origin?
|
Open market immediately after the issue
: She has read a number of newspaper articles about a huge IPO being carried out by a leading technology company. She wants to get as many shares in the IPO as possible and would even be willing to buy the shares in the open market immediately after..
|
Determine the transresistance transfer function
: What is the magnitude of the ideal transresistance transfer function. - Determine the transresistance transfer function.
|
What is the downstream temperature
: Ten kmol per hour of air is throttled from upstream conditions of 298.15 K (25°C) and 10 bar to a downstream pressure of 1.2 bar. Assume air to be an ideal gas with Cp = (7/2)R.
|
Explain the potential personal liability to acme fireworks
: Discuss the different employment types and relationships relevant to agency law, and analyze the advantages and disadvantages of each type specific to Acme Fireworks.
|
How you will apply collaboration in course with your team
: Consider the multiple definitions of collaboration. Define collaboration and how you will apply it in this course with your Learning Team. Be sure to reference and cite your sources.
|
Retained earnings balance at the end of year
: For the year, costs were $88,763, interest paid was $20,834 and depreciation was $28,556. What is the retained earnings balance at the end of the year?
|
Investment strategy of the edithvale retirement fund
: Self-Managed Super Funds Case Study. Please provide a review of the current structure and investment strategy of the Edithvale Retirement Fund. Comment on any compliance issues that the fund might currently have and your recommendation on how they ..
|
How could the process be made reversible
: Heat in the amount of 150 kJ is transferred directly from a hot reservoir at TH= 550 K to two cooler reservoirs at T1 = 350 K and T2 = 250 K.
|