Tutoring concerns. wally and sally want to go into business together and plan on offering a tutoring service to high school and college students. wally proposes that they share control of the business and split profits equally and not bother with a written agreement. sally, however, is concerned about being able to pay their debts since they will have to rent tutoring space and purchase computers and supplies. she is also concerned about parents and students who may sue if the students' test scores do not improve. she tells wally that she just bought a new boat and car, and that she does not want her assets to be in jeopardy. she tells wally that they should form a corporation to shield their personal assets. wally, however, says their personal assets are not in danger with his proposal because they are a business and that, furthermore, forming a corporation would likely result in double taxation. is wally correct that with his proposal that they share control of the business and split profits equally, there could be no personal liability for debts?

The following balance sheet for the los gatos corporation was prepared by a recently hired accountant. in reviewing the statement you notice several errors. los gatos corporation balance sheet at december 31, 2018 assets cash $ 44,000 accounts receivable 86,000 inventories 57,000 machinery (net) 122,000 franchise (net) 32,000 total assets $ 341,000 liabilities and shareholders' equity accounts payable $ 54,000 allowance for uncollectible accounts 7,000 note payable 59,000 bonds payable 112,000 shareholders' equity 109,000 total liabilities and shareholders' equity $ 341,000 additional information: cash includes a $22,000 restricted amount to be used for repayment of the bonds payable in 2022. the cost of the machinery is $194,000. accounts receivable includes a $22,000 note receivable from a customer due in 2021. the note payable includes accrued interest of $7,000. principal and interest are both due on february 1, 2019. the company began operations in 2013. income less dividends since inception of the company totals $37,000. 52,000 shares of no par common stock were issued in 2013. 200,000 shares are authorized. required: prepare a corrected, classified balance sheet. (amounts to be deducted should be indicated by a minus sign.)

In a team environment, a coordinator is? a person with expert knowledge or skills in a particular area the team needs. a good listener who works to resolve social problems among teammates. a leader who team members focus on their tasks. a good networker who likes to explore new ideas and possiblities.

Cynthia is a hospitality worker in the lodging industry who prefers to cater to small groups of people. she might want to open a