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2 years ago

A sole proprietor has ______ personal liability for all business debts and obligations.

Business

1 answer:

andreev551 [17]2 years ago

4 0

A sole proprietor has unlimited personal liability for all business debts and obligations.

<h3>Who is a sole proprietor?</h3>

A sole proprietor is the owner of a sole proprietorship. A sole proprietorship is a type of business that is owned by one person.

A sole proprietor and the business are regarded as a single person under the law. Thus, a sole proprietor has an unlimited liability. An unlimited liability means that in event of default, both the e property of the business and the sole proprietor can be seized.

To learn more about sole proprietorship , please check: brainly.com/question/1428023

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Conventional wisdom says one should measure a manager's investment performance over an entire market cycle. What arguments suppo

White raven [17]

Answer:

In every form of analysis, it is always safer to take a macro or holistic view of the situation. This is true for the investment performance of a manager. One investment decision that went right does not suffice to classify an investment portfolio manager as proficient, neither is one that went south enough to tag him deficient.

The forecasting ability of managers, on the balance of probability, will vary for different cases, with a helicopter view of providing a more accurate measure of their performance.

However, if it was possible to analyse the market for volatility and adjust our forecasts it becomes unnecessary to look at and analyse all the information from a 12-month cycle before coming to terms about the performance of the manager.

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3 years ago

A Chinese restaurant buys 100 cups of rice for a total of $10; they buy soy, fish and oyster sauces for a total of $20; they buy

UNO [17]

Answer: $252

Explanation:

GDP is calculated by summing up the value of final goods and services in a country within a period. This means that intermediate values are not included and this is done to avoid double counting.

The GDP contribution here therefore will be the value of the meals created;

= 50 * 5.04

= $252

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3 years ago

Billy Bob runs a seafood restaurant. Last year, he earned $70000 in revenue. He had explicit costs of $15000. Billy Bob could ha

olganol [36]

Answer:

Accounting profit= $55,000

Explanation:

Giving the following information:

Last year, he earned $70000 in revenue. He had explicit costs of $15000.

The accounting profit doesn't take into account the opportunity cost of other income options.

Accounting profit= 70,000 - 15,000= $55,000

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3 years ago

Direct Materials, Direct Labor, and Factory Overhead identify the following costs as direct materials, direct labor, or factory

Alexeev081 [22]

Answer:

a. Staples used to bind magazines - Direct Material

The staples are integral to holding the magazines so is a direct material.

b. Wages of printing machine employees. - Direct Labor

The printing machine employees are directly related to the magazine's production as they print it.

c. Maintenance on printing machines. - Factory Overhead

This cost is not directly associated with the publishing of the magazine so is an overhead.

d. Paper used in the magazine. -Direct Material

Without paper, the magazine can not be published which makes it a direct material.

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3 years ago

High tea, a retail store, claims to sell a pack of 20 tea bags at a discounted rate of $20 from an advertised original price of

makvit [3.9K]

Answer:

Deceptive pricing

Explanation:

By telling customers that the original price is $40 when it is really $25, High Tea is making their $20 price seem like a much better deal when it really has less value than they are advertising.

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3 years ago