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3 years ago

Which of the following is a disadvantage of the sole proprietorship form of ownership

Business

2 answers:

vaieri [72.5K]3 years ago

5 0

Lack of performance.

Blizzard [7]3 years ago

4 0

Unlimited liability

here is a list of disadvantages:

1. Limited life
2. Limited funds
3. Limited abilities
4. Unlimited Liability

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The mayor of your hometown has said she will request that the federal government extend a nearby interstate highway so that it p

Ivan

Answer:

an increase in discretionary spending and, if no other changes are made, an increase in the government's deficit

an increase in the government's debt

Explanation:

A budget deficit occurs when the federal government has more spending than it recites. That is, the government has many debts and can not raise enough money to pay these debts and maintain a good standard of living for citizens. The consequences of large budget deficits cause great damage to the country, especially for people with lower incomes. For this reason, it is necessary that in a deficit situation, the government reduced spending.

This is not the case with the government shown in the question above. Even in a budget deficit situation, the government wants to extend an interstate highway that will cost $ 35 million. The result of this will be:

an increase in discretionary spending and, if no other changes are made, an increase in the government's deficit

an increase in the government's debt

Discretionary expenses are those expenses for which the government has some degree of decision.

6 0

4 years ago

A corporation issues for cash $9,000,000 of 8%, 30-year bonds, interest payable semiannually. The amount received for the bonds

Sloan [31]

Answer:

Explanation:

- The Semiannually total interest Payable will be calculate as

30*2 = 60 Semiannual Times Payments

- Interest Payments

$9,000,000*8%/2=$360,000

- So the Total payments will be paid semiannually 60 times $360,000 with the principle amount $9,000,000

6 0

3 years ago

Which financial statement is prepared first?

ddd [48]

C because you have to know how much you make coming in so they can see where you're at

3 0

3 years ago

Read 2 more answers

A company borrowed cash from the bank by signing a 6-year, 6% installment note. The present value of an annulty factor at 6% for

drek231 [11]

Answer:

Explanation:

Present value is the sum of discounted cash flows

Present value can be calculated using a financial calculator

Cash flow each year from year 1 to 6 = $75,200

I = 6%

PV = $369,780.96.

To find the PV using a financial calculator:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.

3. Press compute

6 0

3 years ago

Penn Company uses a periodic inventory system. At the end of the annual accounting period, December 31 of the current year, the

PSYCHO15rus [73]

Answer:

Total unit sold = Opening balance + Purhase in march + Purchase in August - Closing balance

Total unit sold = 2000 + 5000 +3000 - 4000

Total unit sold = 6000 units

1. FIFO method:

So total cost of goods sold is (2000*$5) + (4000*$6)= $34,000

Ending inventory value is (1000*$6) + (3000*$8) = $30,000

2. LIFO method:

So total value of goods sold is (3000*$8) + (3000*$6) = $42,000

Ending inventory value is (2000*6) + (2000*$5) = $22,000

3. Average cost of inventory:

Opening inventory (2000* $5) + Purchase on Mar.21 (5000*$6) + Purchase on August 1 (3000*$8) = $64,000

Total units = 2000 + 5000 + 3000

Total units = 10,000

Average cost is $64,000/10,000 (units) = $6.40 per unit

So, Cost of goods sold is 6000*$6.40 = $38,400

Ending Inventory value is 4000*$6.40 = $25,600

8 0

3 years ago