1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Digiron [165]
3 years ago
7

Kara wants to build a business. She has plenty of capital and potential investors and partners. She wants to avoid the burden of

sole liability for her business and wants to be able to close the business when she is no longer interested in it. Which of the following would lead Kara to choose a sole proprietorship organization for her business?
a. Avoidance of sole liability
b. Plenty of capital
c. Many potential investors/partners
d. Ability to close the business easily
Business
2 answers:
Ludmilka [50]3 years ago
8 0

Answer:

Ability to close the business easily

Explanation:

Akimi4 [234]3 years ago
4 0

Answer:

The correct answer is B.

Explanation:

The fact that Kara has plenty of capital means she most likely would not need financial intervention from any other party.

It is not logical for her to bring in a partner who will share profits when she has invested all the capital. Because she will enjoy all the proceeds from the business alone, she will also bear all liabilities.  

Cheers!

You might be interested in
Net working capital is defined as current assets divided by current liabilities.
Ahat [919]

Answer:

The answer is False.

Explanation:

False, because the net working capital is determined by subtracting all the current liabilities from the current assets. But in the question, it says net working capital is determined by dividing the current assets with current liabilities which is wrong. Therefore, if the current assent is 10000 dollars and current liabilities are 5000 dollars then net working capital is 10000 – 5000 = $5000.

7 0
3 years ago
Haynes, Inc. obtained 100 percent of Turner Company's common stock on January 1, 2017, by issuing 10,000 shares of $10 par value
saveliy_v [14]

Answer:

a. $848,000

b. No

Explanation:

a. The calculation of consolidated equipment balance as of December 31, 2018 is shown below:-

Consolidated equipment balance = Equipment balance of Haynes + Equipment balance of Turner + Allocation based on fair value - Depreciation

= $500,000 + $300,000 + $5,000 - (($5,000 ÷ 5 × 2)

= $500,000 + $300,000 + $5,000 - $2,000

= $848,000

2. No it will not affect by the investment method applied by the parent.

6 0
3 years ago
James Company began the month of October with inventory of $19,000. The following inventory transactions occurred during the mon
Juli2301 [7.4K]

Answer:

<u>1. Entries using periodic inventory system</u>

October 12

J1

Purchases $28,000 (debit)

Trade Payable$28,000 (credit)

j2

Freight Charges $540 (debit)

Cash $540 (credit)

October 31

Trade Payable $28,000 (debit)

Cash $28,000 (credit)

October 31

Trade Receivable $28,800 (debit)

Revenue $28,800 (credit)

October 31

Inventory $28,100 (debit)

Cost of Goods Sold $28,100 (credit)

<u>2. Entries using periodic inventory system</u>

October 12

J1

Merchandise $28,000 (debit)

Trade Payable$28,000 (credit)

j2

Freight Charges $540 (debit)

Cash $540 (credit)

October 31

Trade Payable $28,000 (debit)

Cash $28,000 (credit)

October 31

J1

Trade Receivable $28,800 (debit)

Revenue $28,800 (credit)

J2

Cost of Sales $18,600 (debit)

Merchandise $18,600 (credit)

October 31

Merchandise $28,100 (debit)

Cost of Goods Sold $28,100 (credit)

Explanation:

<u>1. Entries using periodic inventory system</u>

With periodic system, inventory valuation is done at end of a specific period.

<u>2. Entries using periodic inventory system</u>

Perpetual system is the method of recalculating the value of goods held after each transaction

5 0
3 years ago
"Harold and Maude are married and live in a common-law state. Neither has made any taxable gifts and Maude owns (holds title to)
jeyben [28]

Answer:

$5528000

Explanation:

Solution

Given that:

Now,

The 2018 estate tax exemption 11180000$ above that the estate inherited are taxed at 40%.

So,

25000000-11180000 = taxable estate 13820000$

The estate tax due= 13820000*40%

= 5528000$

Note: This is reference from Exhibit 25-1 and Exhibit 25-2.

8 0
3 years ago
The long run is characterized by: Group of answer choices the relevance of the law of diminishing returns. at least one fixed in
Pachacha [2.7K]

Answer:

D. The ability of the firm to change its plant size.

Explanation:

The long run in economics is a period of time in which all inputs in the production process can be varied. It allows firms to have the ability to change its plant size that would be more or less fixed in the short run. The factors of production used in the long run are variable inputs. Variable inputs are inputs that can be change or altered in a production system. The firm in the long run has the abilities to respond to changes in the market and demand and can build bigger factory or larger plants.

8 0
2 years ago
Other questions:
  • Faye works as an administrator and receptionist for Garage Door Store. The store withholds federal taxes from Faye's pay, and co
    13·1 answer
  • ​________ is defined as the extent to which your authority is accepted on grounds of​ competence, vision, or other qualities. A.
    7·2 answers
  • Corporation includes $200,000 of $1 par common stock and $400,000 par of 6% cumulative preferred stock. The board of directors o
    11·1 answer
  • Abardeen Corporation borrowed $90,000 from the bank on October 1, 2018. The note had an 8 percent annual rate of interest and ma
    10·1 answer
  • For the current month, buy n large's beginning inventory included 1,200 units costing $12 per unit. during the month, buy n larg
    6·1 answer
  • The method of analyzing capital investment proposals that divides the average annual income by the initial investment is:a.accou
    10·2 answers
  • Sandra is a production manager at a soda manufacturing and bottling plant. One of her duties is to create a monthly inventory re
    15·1 answer
  • As a manager for a company that is looking to expand to China, what should your company focus on?
    14·1 answer
  • Frieda Inc. is considering a capital expansion project. The initial investment of undertaking this project is $105,500. This exp
    9·1 answer
  • Why is it useful to have your bank account and routing numbers when using tax preparation software?
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!