|Exercise 2.1||The Basic Forms of Business Organization in the United States|
In the United States there are four basic forms of business organization: sole proprietorships, partnerships (general and limited), corporations, and limited liability companies (LLCs).
Forms of Business Ownership discusses the various forms of business entities in the United States.
Q. Making use of the information found at the web site mentioned above, what "advantages" and/or "disadvantages" for the various forms of business ownership did the article mention that were not covered in your text? Which of these "advantages" or "disadvantages" do you think is most important? Why?
|Exercise 2.2||The Tax Environment in the United States|
The Small Business Taxes & Management Web site provides tax and management guidance for small and medium-sized businesses. The site provides current corporate and individual tax rate tables and depreciation tables.
Q. Has the corporate graduated tax rate schedule remained the same as reported in "The Tax Environment" section of textbook Chapter 2 or have there been any recent changes to the schedule? Also, has the MACRS rates schedule (half-year convention) remained the same as reported in that same section of the textbook or have there been any recent changes to the schedule?
|Exercise 2.3||Allocation of Funds and Interest Rates|
StockCharts.com's Dynamic Yield Curve site provides data and graphs -- both current and recent -- on yield-maturity relationships for U.S. Treasury securities.
Q. Describe the shape of the "current" yield curve. Are short-term yields higher or lower than long-term yields? Is this pattern "normal?" Why or why not?
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