Ana and 9 of her friends how are all dog lovers would like to start an online store. The online store will sell pet care products for cats and dogs. Ana and her friends contributed a total of Php1,000,000.00 as capital. The total capital needed for the online store is Php1,500,000.00. Ana and her friends could no longer source additional funding from their family and friends. Ana and her friends would require additional Php500,000.00 capital to start their business venture. Discuss the advantages and disadvantages if Ana would form a partnership, corporation and cooperative? What form of business organization would you recommend to Ana ?
Ana and 9 of her friends how are all dog lovers would like to start an online store. The online store will sell pet care products for cats and dogs. Ana and her friends contributed a total of Php1,000,000.00 as capital. The total capital needed for the online store is Php1,500,000.00. Ana and her friends could no longer source additional funding from their family and friends. Ana and her friends would require additional Php500,000.00 capital to start their business venture. Discuss the advantages and disadvantages if Ana would form a partnership, corporation and cooperative? What form of business organization would you recommend to Ana ?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Ana and 9 of her friends how are all dog lovers would like to start an online
store. The online store will sell pet care products for cats and dogs.
Ana and her friends contributed a total of Php1,000,000.00 as capital. The
total capital needed for the online store is Php1,500,000.00. Ana and her
friends could no longer source additional funding from their family and
friends.
Ana and her friends would require additional Php500,000.00 capital to start
their business venture.
Discuss the advantages and disadvantages if Ana would form a partnership,
corporation and cooperative?
What form of business organization would you recommend to Ana ?
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