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lidiya [134]
4 years ago
7

List three disadvantages to sole proprietorships.

Business
1 answer:
pochemuha4 years ago
7 0
<span>unlimited liability is one of the main ones, It is difficult to find outside investors and you are liable for all of your own debts</span>
You might be interested in
State the accounting equation.
schepotkina [342]
Shareholders' Equity = Assets – Liabilities where the rearrangement reflects the residual claim of equity owners.
5 0
4 years ago
You are a manager for Herman Millera major manufacturer of office furniture. You recently hired an economist to work with engine
KIM [24]

Answer:

$4000  is the correct answer to the given question .

Explanation:

The marginal cost with compare to the labor can be written as

MC\ = \frac{dQ}{dL} \\MC =\frac{d\ ( 2(K)1/2(L)1/2\ )}{dL} \\\\MC=\frac{\sqrt{K} }{\sqrt{L} }

Here K=9 units  putting this value in the previous equation  we get

MC\ = \frac{\sqrt{9} }{\sqrt{L} }

MC=\frac{3}{\sqrt{L} }

We can find the value of labor by the given formula that are given below

V *MC=\ W\\400\ *\frac{3}{\sqrt{L} }\ =120\\ L=10

From the given question that are mention in question

Q = 2(K)1/2(L)1/2

Putting the value of K and L in the given equation we get

Q\ =2 * \sqrt{9} \ * \sqrt{100} \\Q\ = 60

So profit maximizing output is =$60 chairs as the chairs can be sold for  the $400 each so = $60 * $400 *10=$24000 chairs

As the competitive wage of $120 for 100 units as well as the total of $8,000 on the 9 units of capital equipment

=$20000

Therefore profit-maximizing level of output =$24000-$20000=$4000

6 0
3 years ago
Help i'm desperate time is tight
ioda
C is the correct answer
6 0
4 years ago
Kacy Spade, owner, invested $10,750 cash in the company in exchange for common stock. The company purchased office supplies for
lisov135 [29]

Answer:

Accounts                                                                 Debit($)       Credit($)

Cash                                                                            10,750

Common Stock                                                                                10,750

<u>Being cash invested for common stock</u>

<u> in the business</u>

Office Supplies                                                           312

Cash                                                                                                  312

<u>Being office supplies purchased with cash</u>

Office Equipment                                                       5,945

Account Payable                                                                            5,945

<u>Being office equipment purchased on credit</u>

Cash                                                                             1,268

Fees Earned                                                                                     1,268

<u>Being cash received on service rendered </u>

<u>to a customer</u>

Account Payable                                                       5,945

Cash                                                                                                5,945

<u>Being settlement of amount owned for </u>

<u>office equipment</u>

Account receivable                                                   2,279

Fees Earned                                                                                    2,279

<u>Being recognition of amount owned </u>

<u>by customer</u>

Rent Expense                                                           525

Cash                                                                                                 525

<u>Being cash paid for rent</u>

Cash                                                                         957

Account Receivable                                                                       927

<u>Being cash collected for account receivable</u>

Dividend                                                                   900

Cash                                                                                             900

<u>Being dividend paid with cash</u>

Explanation:

Journal entry entries are used to record accounting effect of business transactions. General journal has two sides that make up debit and credit.

Entries on the debit side are assets or expenses while entries on the credit sides are liabilities, equity and income.

Journal also has a narration for each accounting event to provide information about the entry.

5 0
3 years ago
Generally, a state's statute of frauds will cover what type of contract
Dima020 [189]
This is a<span> statute which requires certain types of contracts </span>to be in writing<span> in order to be enforceable.
</span>

There will be 5 but please do read these to ensure you know them friend.

1: Contracts for the sale or lease of or a mortgage on real property. (Land, etc)

2: Contracts that cannot by their terms be performed within one year after the date was formed.   

3: Collateral contracts such as promises to answer for the debt or duty of another individual.

4: Promises that are made in consideration of marriage. 

5: Contracts as we went over before for the sale of goods of $500 or more. 

5 0
3 years ago
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