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Liula [17]
3 years ago
8

Difference between sole proprietorship and independent contractor

Business
1 answer:
wariber [46]3 years ago
8 0

Answer:

Explanation:

A sole proprietor is a person who owns, manage, finance and organize a business firm.

It refers to an individual who owns a business that has not been registered as a business entity. Such business includes partnership, limited liability company (LLC) and a corporation.

A sole proprietor is responsible for decision making process of his business and also bears the burden of profit, loss and tax alone.

WHILE

An independent contractor is an individual who works for another individual. An independent contractor provides services to another person but he is not an employee of the other person. An independent contractor is a self employed person who provides professional services to a business organzation.

He is paid based on the amount of work done. Examples of independent contractor includes graphics designer, data analyst, web designer or IT expert.

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Q: Research topic: CORONA-19: Asian stock markets and vaccine hopes
maksim [4K]

Answer:

Asia-Pacific markets traded mixed on Friday as investors remained cautious over the short-term economic impact of the coronavirus as cases around the world continue to rise.

Explanation:

6 0
3 years ago
a. You wish to have $1,500,000 by the age of 60 (30 years from now). If you can earn 8% interest on your investments, how much d
lakkis [162]

Answer:

A) We need to save $1,005 per month in order to have 1,500,000 in 30 years.

B) We will be able to borrow 158,579

C) We will have 2,259,361 in 35 years

D) The equivalent amount of money is 12,585

Explanation:

A) We are given a future value that we need to have in 30 years. So our future value is 1,500,000. Our present value is 0, our interest rate is 8/12=0.667. We divide 8 by 12 because we need to save money per month. The number of compounding periods are (30*12)=360. We multiply by 12 because monthly payments. Now we will enter this information in a financial calculator to find future value.

Pv= 0

FV = 1,500,000

I=0.66

N=360

Compute PMT= 1,005

B) PMT= 900

   I=5.5/12=0.458

   N= 30*12=360

   FV=0

Compute PV

PV=158,579

C) PV= 100,000

    PMT= 300

     N= 35*12= 420

     I=8/12=0.66

Compute FV=2,259,361

D) We need to know how much money will we need 30 years from now if we want to buy goods and services which are worth 6,000 today considering an inflation rate of 2.5%

We will multiply 6000 by (1+Inflation)^number of years

6000*(1.025)^30

=12,585

4 0
3 years ago
Craft Inc.'s Krayons is a multi-color chalk material that was released in the market over a century ago. Since the release, the
Ahat [919]

Answer:

maturity

Explanation:

The four stages of a product's life cycle are:

  1. introduction: the new product is released in the market (it is born), sales are slow and advertisement costs are high.
  2. growth: sales volume increases, customers know about the product, and competing firms are starting to launch their own versions of the product.
  3. maturity: sales growth stops, which means that total sales reached a zenith, companies fight to keep their share of the market and generally launch different versions of the product to keep customers interested.
  4. decline: sales volume starts to decrease as the product becomes obsolete. Finally the product will stop being produced (the product dies).

5 0
3 years ago
Compared to attending a technical school, completing a four-year college degree allows you to enjoy lower educational costs ente
nexus9112 [7]
Compared to attending a technical school, completing a four-year college degree allows you to: <span>select from a wide range of careers
Even though the price is significantly lower, Technical schools only teach the students to be excel on one single skill-set (such as bookkeeping,  Video editing, administrative skills, etc)</span>
4 0
3 years ago
__ is an assertion or action by a party indicating that they will not perform a contractual obligation Group of answer choices A
skad [1K]

Anticipatory Repudiation is an assertion or action by a party indicating that they will not perform a contractual obligation

<h3>What is Anticipatory Repudiation?</h3>

Anticipatory Repudiation This is a contract associated with a party or individual indicating that such person will not perform a task assigned to be performed in the future.

Therefore, Anticipatory Repudiation is an assertion or action by a party indicating that they will not perform a contractual obligation.

learn more on Anticipatory Repudiation here

brainly.com/question/7053473

8 0
3 years ago
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