Activity Read the following carefully. Then answer and discuss the questions at the end of the story.
Jane and Rose are best of friends working in the same agency. While they were having their coffee break one day, Rose having three children going to school complained to Jane how difficult to make ends meet with the meager salary they are receiving. When Jane heard her friend, she said “why don’t you put-up a sideline? You are a good cook. You can sell peanut adobo, brittle, peanut butter or other food products. I am sure you will not have problems in terms of raw materials because these raw materials are abundant in our community.
Rose is sold to the idea and persuaded her friend to be her partner. The two friends contributed P2,000.00 each to start the business. They agreed to have equal profit. Rose would take care of production while Jane will concentrate in marketing.
Jane started getting orders while Rose concentrated in cooking. When they succeeded in getting big orders, they decided to register their business as a partnership under the name R & J Food Products. From then on, their customers have regular orders and even becoming bigger.
After six months of operation, the partners earned P20,000.00 and they decided to divide it equally between them. Meanwhile, Rose was exhausting herself with her production efforts, while Jane’s life went on very casually because once the first orders have been booked, most of the buyers placed repeated orders.
Before the business reached its first-year anniversary, Rose got sick and advised to rest. Rose can no longer cook and Rose husbands forbade her to continue the business.
1. What went wrong with the business?
2. If you were Rose would you enter into a partnership with a friend or would you register the venture as a sole proprietorship?
3. Were the partners right in splitting the profits equally?
4. Discuss the advantages and disadvantages of partnership.
please pa answer po kahit dalawang questions lang
Jane and Rose are best of friends working in the same agency. While they were having their coffee break one day, Rose having three children going to school complained to Jane how difficult to make ends meet with the meager salary they are receiving. When Jane heard her friend, she said “why don’t you put-up a sideline? You are a good cook. You can sell peanut adobo, brittle, peanut butter or other food products. I am sure you will not have problems in terms of raw materials because these raw materials are abundant in our community.
Rose is sold to the idea and persuaded her friend to be her partner. The two friends contributed P2,000.00 each to start the business. They agreed to have equal profit. Rose would take care of production while Jane will concentrate in marketing.
Jane started getting orders while Rose concentrated in cooking. When they succeeded in getting big orders, they decided to register their business as a partnership under the name R & J Food Products. From then on, their customers have regular orders and even becoming bigger.
After six months of operation, the partners earned P20,000.00 and they decided to divide it equally between them. Meanwhile, Rose was exhausting herself with her production efforts, while Jane’s life went on very casually because once the first orders have been booked, most of the buyers placed repeated orders.
Before the business reached its first-year anniversary, Rose got sick and advised to rest. Rose can no longer cook and Rose husbands forbade her to continue the business.
1. What went wrong with the business?
2. If you were Rose would you enter into a partnership with a friend or would you register the venture as a sole proprietorship?
3. Were the partners right in splitting the profits equally?
4. Discuss the advantages and disadvantages of partnership.
please pa answer po kahit dalawang questions lang
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Answer:
1) since rose got sick, she wasn't able to cook anymore that made the productions stop.
2) I would register it as a partnership since we are both helping each other to make the business grow
3) no, for me, I don't think it's right because the heavy works are on Rose since she is the one who's producing the products
4) the advantage of partnership is that they are both helping each other, one on the production and the other one is managing the business. The disadvantage is that the harder works are on the person only