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Sladkaya [172]
1 year ago
8

Without creating a separate business organization, Roy starts up Sole Savers, a new, pre-owned auto sales enterprise. Roy is

Business
1 answer:
s2008m [1.1K]1 year ago
5 0

Roy is a sole trader if he is not setting up a company instead starts a business.

<h3>What is a Business?</h3>

A business is the process of selling goods or services and earning revenue and profits through it, the business generates revenue which is deducted by the expenses incurred by the business. The business ensures the strategy to have a balance between these expenses and revenue so that there is some residue profit.

The sole trader is the business where the owner of the business is highly involved in day to day running of the business taking all the strategic decisions and responsible for all the debts of the business.

On the other hand a limited liability company is a business in which the owner of the company can be involved in day to day running of the operations but is not liable personally for the debts.

Learn more about Trader at brainly.com/question/27235892

#SPJ1

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On January 2, 2020, Howdy Doody Corporation purchased 12% of Ranger Corporation's common stock for $50,000. Ranger's net income
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Answer:

The Total amount shown in income statement as income from this investment is $ 27,200.00

Explanation:

In order to calculate the effect of this investment on the 2021 income statement we would have to make the following calculation:

effect of this investment on the 2021 income statement= Dividend received by Howdy Doody corporation+Increase in Fair value of Stock credited to income statement

Dividend received by Howdy Doody corporation=$60,000 x 12%= $7,200.00

Increase in Fair value of Stock credited to income statement=$70,000-$50,000=$ 20,000.00

Therefore, effect of this investment on the 2021 income statement= $7,200.00 +$ 20,000.00 =$27,200

The Total amount shown in income statement as income from this investment is $ 27,200.00

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3 years ago
Japan does not allow more than 100,000 automobiles to be imported into the country because they feel they are protecting domesti
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3 years ago
Madison Corporation's production cycle starts in the Processing Department. The following information is available for April: Un
Nastasia [14]

Answer:

Equivalent units = 270,000

Explanation:

<em>Under the weighted average method of valuation, to account for completed units, it is assumed that the entire degree of work required is done in the period under consideration. So there is no separation of the completed units into opening inventory and fully worked.</em>

Completed Units= total units in process during April - Closing WIP

                            = 280,000 - 25,000 = 255,000

Note that the description 'total units in process in during April', implies that the opening inventory is inclusive in the figure of 280,000.

Equivalent units = degree of completion(%) × units

Item                                                                                       Equivalent units

Completed units                255,000   255,000× 100%  = 255,000

Closing work in progress    25,000    25,000× 60%     =  <u>15,000</u>

Total equivalent units                                                           <u>270,000 </u>

Equivalent units = 270,000

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2 years ago
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ddd [48]

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Globalization could only occurs after advanced technological development that allow people from other countries to make contact with one another in a fast and efficient way.


3 0
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