The problem faced by small businesses, like partnership and proprietorship, while raising capital. Introduction: Sole proprietorship is a form of business where a single person owns the business. It is also known as a sole trader. A partnership is somewhat similar to sole proprietorship. However, there are more than two owners in a partnership firm.

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Definition Definition Arrangement between two or more people whereby they agree to manage business operations and share its profits and losses in an agreed ratio. The agreement drafted and signed by the partners of the firm is termed as a partnership deed and contains various important clauses agreed between the partners such as profit/loss sharing, interest on capital, remuneration allocation of each partner, and drawings of a partner.

Chapter 11, Problem 9CRCT

Summary Introduction

To discuss: The problem faced by small businesses, like partnership and proprietorship, while raising capital.

Introduction:

Sole proprietorship is a form of business where a single person owns the business. It is also known as a sole trader.

A partnership is somewhat similar to sole proprietorship. However, there are more than two owners in a partnership firm.

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Consider the following gasoline sales time series. If needed, round your answers to two decimal digits. Week Sales (1,000s of gallons) 1 17 2 21 3 19 4 23 5 18 6 16 7 20 8 18 9 22 10 20 11 15 12 22 (a) Show the exponential smoothing forecasts using α = 0.1, and α = 0.2. ExponentialSmoothing Week α = 0.1 α = 0.2 13 (b) Applying the MSE measure of forecast accuracy, would you prefer a smoothing constant of α = 0.1 or α = 0.2 for the gasoline sales time series? An smoothing constant provides a more accurate forecast, with an overall MSE of . (c) Are the results the same if you apply MAE as the measure of accuracy? An smoothing constant provides a more accurate forecast, with an overall MAE of . (d) What are the results if MAPE is used? An smoothing constant provides a more accurate forecast, with an overall MAPE of .

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Answer 2

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Definition Definition Arrangement between two or more people whereby they agree to manage business operations and share its profits and losses in an agreed ratio. The agreement drafted and signed by the partners of the firm is termed as a partnership deed and contains various important clauses agreed between the partners such as profit/loss sharing, interest on capital, remuneration allocation of each partner, and drawings of a partner.

Chapter 11, Problem 9CRCT

Summary Introduction

To discuss: The problem faced by small businesses, like partnership and proprietorship, while raising capital.

Introduction:

Sole proprietorship is a form of business where a single person owns the business. It is also known as a sole trader.

A partnership is somewhat similar to sole proprietorship. However, there are more than two owners in a partnership firm.

Expert Solution & Answer

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Check out a sample textbook solution

See solution

Answer 3

Question

Definition Definition Arrangement between two or more people whereby they agree to manage business operations and share its profits and losses in an agreed ratio. The agreement drafted and signed by the partners of the firm is termed as a partnership deed and contains various important clauses agreed between the partners such as profit/loss sharing, interest on capital, remuneration allocation of each partner, and drawings of a partner.

Chapter 11, Problem 9CRCT

Summary Introduction

To discuss: The problem faced by small businesses, like partnership and proprietorship, while raising capital.

Introduction:

Sole proprietorship is a form of business where a single person owns the business. It is also known as a sole trader.

A partnership is somewhat similar to sole proprietorship. However, there are more than two owners in a partnership firm.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 4

Question

Definition Definition Arrangement between two or more people whereby they agree to manage business operations and share its profits and losses in an agreed ratio. The agreement drafted and signed by the partners of the firm is termed as a partnership deed and contains various important clauses agreed between the partners such as profit/loss sharing, interest on capital, remuneration allocation of each partner, and drawings of a partner.

Chapter 11, Problem 9CRCT

Summary Introduction