Which of the following is a disadvantage to choosing a sole proprietorship business structure? The owner has personal responsibility for the company's liabilities.
A sole proprietorship is the simplest business form that can be operated. A sole proprietorship is owned by one individual and they are responsible for all of the debts the company has. The business is ran by one person and there is no distinction between the person and the business, both fall under the same number (social security number) when filing taxes.
Answer:
c. There is greater potential for high yield over a longer period
Explanation:
Answer:
-20.27%
Explanation:
Value = ($14,750 / $18,500) - 1 = -20.27%
Answer:
Quantity demanded and sold expected to increased by 3.75 units.
Explanation:
Use Price elasticity of demand formula to calculate the quantity demanded and sold:
Price Elasticity of Demand = Change in the Quantity demanded / Chang in Price
- 1.5 = Change in the Quantity demanded / 17.50 - 20.00
- 1.5 = Change in the Quantity demanded / -2.50
-2.50 x -1.50 = Change in the Quantity demanded
Change in the Quantity demanded = 3.75
Quantity Demanded = 10 + 3.75 = 13.75