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m_a_m_a [10]
2 years ago
6

Emmanuel, a diligent computer programmer at the age of 28 years old has acquired advanced programming skills over the years. How

ever, he is rather introvert and therefore, has few friends. Although he has performed system support services to many organizations, he has not established very close contact with any of them. Emmanuel has been thinking of setting up his own business for some years. Being a frugal person, he has managed to save $40,000 and intends to sell off his superbike for $10,000 to add to the start-up cost. Unfortunately, he does not have much financial knowledge at all, and he is not an experienced manager. Understanding business is extremely important, this may include the overall approach of choosing the right startup for the business, the different functions of business and how will it go about when the business operations kick off. 1. From the given scenario, choose and assess the form of business ownership that is most appropriate for Emmanuel, (12 marks)​
Business
1 answer:
sergeinik [125]2 years ago
3 0

Answer: Sole proprietorship

Explanation:

Since Emmanuel is a lone person and has no connections, a sole proprietorship is an answer. He will be able to control everything but that also means that if he has liabilities, only he will have to be responsible for them.

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Technician a says that wheel concentricity problems may simulate a tire that is out of balance. technician b says that tire conc
Neporo4naja [7]
<span>In order to assess who is correct the exact nature of the tire needs to be seen in more detail. If the tire has been damaged by driving, a crash or some other method, than Technician B would be correct because the tire would need to repaired. However, if tires is moving funny as a result of a bump or some other impact to it, then it could be that the weights have become mis-aligned and then Technician A would be correct in that re-balancing solves the problem.</span>
3 0
3 years ago
Thomlin Company forecasts that total overhead for the current year will be $10,282,000 with 194,000 total machine hours. Year to
Lina20 [59]

Answer:

$490,500 underapplied

Explanation:

The computation of the overhead is shown below:

But before that the predetermined overhead rate and the applied overhead is

Predetermined overhead rate is

= Estimated overhead ÷ estimated activity

= $10,282,000 ÷ 194,000

= $53 per MH

Now

Applied overhead = actual activity × overhead rate

 = 98,100 hours ×$53 per MH

= $5,199,300

Now the underapplied overhead is

= $5,689,800 - $5,199,300

= $490,500 underapplied

8 0
4 years ago
________________________ diagnose, replace, maintain, identify faults with, and repair electrical wiring and computer-based equi
ololo11 [35]

The answer is light line technicians as they are the ones responsible of providing care and fixing the components of the vehicles, whether they will diagnose it, replace and identify the faults that causes failures and complications to the vehicles, they are the ones who are responsible for providing the support it needs.

<span> </span>

4 0
3 years ago
Bob, Jack and Norman are the only people living on an island. They are trying to decide whether or not they should build a light
Tems11 [23]

Answer:

Efficiency requires that one lighthouse is built since the willingness to pay of all the residents together is larger than the cost of providing the lighthouse

Explanation:

Since the lighthouse is a public good, according to the coase theorem, if the combined willingness to pay for the lighthouse of all of the people living on the islands is higher than the cost of the lighthouse, then a lighthouse should be built.

The total willingness to pay is:

W = \$1000+\$1200+\$500 = \$2700

The population willingness to pay is higher than the cost of building one lighthouse ($2000) but lower than the cost of building two lighthouses ($4000). Therefore, efficiency requires that one lighthouse is built since the willingness to pay of all the residents together is larger than the cost of providing the lighthouse.

6 0
3 years ago
Period costs are a.classified as direct labor, direct material, or factory overhead b.not involved in the production process c.f
goldfiish [28.3K]

Answer:

Not involved In the production process

Eg. Selling expenses or advertising expenses

3 0
3 years ago
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