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2 years ago

WHAT ARE TWO BENEFITS AND DRAWBACKS OF BEING A SOLE TRADER?

2 answers:

6 0

It's easy to change your legal structure later if circumstances change you can easily wind up your business

And

establishing and operating your business is simple.

Vinil7 [7]2 years ago

5 0

Answer:

you are the boss you keep all the profits startup costs are low

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Bill Bonecrusher graduates from college w/ choice of playing professional football at $2 mil. a year/coaching for $50,000 a year

tangare [24]

Answer:

His opportunity cost a graduation was$50,000 and eight years later is $2 million

Explanation:

His opportunity cost at the time of graduation is $50,000 as he has 2 choices at that time, either playing soccer or coaching. And as he has been playing football for eight years which implying that he gave up the coaching option. The opportunity cost was therefore $50,000, which is a yearly amount of coaching.

in the same way his opportunity cost is $2 million after 8 years because he has two alternatives to play soccer and create films. And as he gave up the possibility to play football. Therefore, the opportunity cost for playing soccer was $2 million, which is the sum he gets.

8 0

3 years ago

Discuss the concepts of Mean, Median, Mode, and Standard Deviation, including when each should be used, and evaluate the differe

yaroslaw [1]

The mean is a mathematical concept that is used to determine what the average number is in a given set of numbers. For example, given a set of numbers, 5, 1, 1, 1, and 4, the mean is 2.4 ( $\frac{5+1+1+1+4}{5}$ ), where /5 is the sum of the given set of numbers.

<h3>What is the Median?</h3>

The median is a term used to represent the middle value in a given set of numbers. For example, given a set of numbers, 5, 1, 1, 1, and 4, the median is 1 because it is the middle for this set of numbers counting from left to right.

The mode is a term that refers to the most frequently repeated value in a given set of numbers. For example, given a set of numbers 5, 1, 1, 1, and 4, the mode in the set is 1 since it occurs most, exactly three times.

<h3>What is the Standard deviation?</h3>

Standard deviation is a statistical method used to determine how far (i.e the deviation) of a given dataset relative to its mean. It is often calculated as the square root of variance.

You can learn more about the concepts of Mean, Median, and Mode here brainly.com/question/14532771

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5 0

2 years ago

Altoon Manufacturing's records were partially destroyed in a flood. The company does not know what sales have been for the year,

Masteriza [31]

Answer:

a. $164,000

Explanation:

The computation of the Altoon Manufacturing's sales for the year until the flood is given below:

= Cash collections + ending receivables - opening receivables

= $158,000 + $25,000 - $19,000

= $164,000

hence, the Altoon Manufacturing's sales for the year until the flood is $164,000

Therefore the first option is correct

7 0

3 years ago

It usually takes less time to buy a six-pack of Pepsi, a loaf of bread, and a bag of potato chips at a small convenience store (

dybincka [34]

Answer:

The correct answer is the option A: a person with a high opportunity cost of time.

Explanation:

To begin with, the opportunity cost of something is what the person sacrificies in order to be doing that thing. Therefore that when we talk about the opportunity cost of time it refers to what the person sacrificies in order to do something with that time. If the person has a high opportunity cost of time then the sacrificies that he made with that time will be higher than other person that has a low opportunity cost of time, meaning that the time spent by that person is less important than to the one that has a lot of time to spare.

6 0

3 years ago

Kleister Company issues bonds for $100 million and repays a long-term notes payable of $10 million. The company also repurchases

solong [7]

Answer:

TRUE

Explanation:

Kleister Company:

1. Issues bonds for $100 million - INFLOW

2. Repays a long-term notes payable of $10 million. - OUTFLOW

3. The company also repurchases its own shares for $12 million - OUTFLOW

4. Issues stock dividends with a market value of $5 million. - NOT A CASH FLOW

It is therefore true that Net cash flow from financing activities will be: $78 million [100 million - 10 million - 12 million] since the dividends are stock dividends not cash dividends

4 0

3 years ago