<h2>List Two Disadvantages of Sole Proprietorship & Explain Them.</h2>
▪︎Unlimited Liability
- The main factor being that there is no limit on the debt that can be accumulated. Which can cause the business to become insolvent very quickly.
- This means that even personal assets are allowed to be repossessed by the bank.
▪︎Single Person Tax
- The main factor being that you will be taxed as a separate entity, therefore doubling the total expenses. You must now, pay tax for your personal life & for your work life.
- This can become extremely expensive & turn into a less profitable business.
Answer:
C. The firm is profitable because profit equals $27,500.
Explanation:
For computing the profit, the following formula should be used
Profit = Total revenue - total cost
where,
Total revenue = Number of units sold × market price
= 20,000 units × $15
= $300,000
And, the total cost would be
= Labor cost of the firm + total capital stock × given percentage
= $248,500 + $400,000 × 6%
= $248,500 + $24,000
= $272,500
Now the profit would be
= $300,000 - $272,500
= $27,500
The given statement is false that when a taxable bond is issued at a discount, taxpayers are required to amortize the discount and reduce the amount of interest.
Bonds are fixed-income securities that reflect loans from investors to borrowers. A bond can be compared to an agreement outlining the terms of the loan and the associated payments between both the lender and borrower. Businesses, cities, regions, and sovereign nations utilize bonds to fund operations and initiatives. Bondholders are the issuer's debtors and creditors.
Bond specifications typically also include terms regarding adjustable or fixed interest payments by borrower, as well as the end date by which the principle of the loan is anticipated to be paid to the bond owner.
Learn more about bonds here:
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Answer:
The correct answer is option b.
Explanation:
Mexico is a poor country, 9% of its total population live in extreme poverty. While 33% live in moderate poverty. This means 42% of the population lives below the national poverty line.
In the last year, the economic growth rate of Mexico was greater than Canada but less than USA.
The growth rate over the past century was lesser than US.