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4 years ago

List three disadvantages to sole proprietorships.

1 answer:

7 0

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

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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

Being cash invested for common stock

in the business

Office Supplies 312

Cash 312

Being office supplies purchased with cash

Office Equipment 5,945

Account Payable 5,945

Being office equipment purchased on credit

Cash 1,268

Fees Earned 1,268

Being cash received on service rendered

to a customer

Account Payable 5,945

Cash 5,945

Being settlement of amount owned for

office equipment

Account receivable 2,279

Fees Earned 2,279

Being recognition of amount owned

by customer

Rent Expense 525

Cash 525

Being cash paid for rent

Cash 957

Account Receivable 927

Being cash collected for account receivable

Dividend 900

Cash 900

Being dividend paid with cash

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 statute which requires certain types of contracts to be in writing in order to be enforceable.

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