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inna [77]
3 years ago
5

Rubina convinced mariah to start a business with her in a partnership rather than a sole proprietorship. the disadvantage of a s

ole proprietorship that rubina wants to avoid is
Business
1 answer:
Liono4ka [1.6K]3 years ago
4 0
<span>The main disadvantage of a sole proprietorship is that Rubina would have been responsible for all of the debts and liabilities borne by the business. When a partnership is created, the debts become shared by all those who are owners of the business, which can lessen the load on any one person.</span>
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As you and your partner report for duty, you check your ambulance and begin talking about the possibility of a terrorist attack.
grandymaker [24]
The most effective and appropriate way to determine the likelihood of this happening is to: stay informed, keep up with the news
6 0
3 years ago
The following December 31, 2021, fiscal year-end account balance information is available for the Stonebridge Corporation: Cash
lys-0071 [83]

Answer:

2021 Balance Sheet

$5,900     Cash

$29,000   Accounts Receivable

$6,500      short-term investments

$69,000   Inventory

$110,400   TOTAL CURRENT ASSETS  

$ 165,000  Property, plant, and equipment (net)  

$165,000  TOTAL NON CURRENT ASSETS  

$275,400  TOTAL ASSETS  

$48,000   Accounts Payable  

$1,000       Interest Payable  

$20,000    Salaries Payable  

$69,000   TOTAL CURRENT LIABILITIES  

$39,000   Long Term Notes Payable  

$39,000   TOTAL NON CURRENT LIABILITIES  

$108,000  TOTAL LIABILITIES  

$145,000  Paid in Capital  

$22,400   Retained Earnings  

$167,400  TOTAL EQUITY  

$275,400  TOTAL EQUITY + LIABILITIES  

Explanation:

To complete the Total Current Assets is necessary to find the Short Term Investments, which is possible to know because the current ratio must be 1,6.

With this information it's possible to know that the total current Asssets are $110,400, and the Short Term Investments are $6,500.

To complete the Balance Sheet we need to know the total Retained Earnings that equilibrate the Accounting equation, that is $22,400.

4 0
3 years ago
You and your client decide that her case is eligible and should be heard by the U.S. Supreme Court. You receive a writ of certio
forsale [732]
Writ of Certiorari: a document that orders a lower court to deliver its record in a case so that the higher court may review it.
7 0
3 years ago
Muffin’s Masonry, Inc.’s, balance sheet lists net fixed assets as $18.00 million. The fixed assets could currently be sold for $
jeyben [28]

Answer:

                                     Book Value                          Market Value

Current Assets              $14 m                                        $14.95 m

Fixed Assets                  $18 m                                        $27 m

Total                               $32 m                                        $41.95 m

Explanation:

For book Value:

Net fixed assets=$18.00 million

Current Liabilities=$7.50 million

net working capital=$6.50 million

Formula:

Net working capital=Current assets-Current Liabilities

$6.50 million=Current assets-$7.50 million

Current Assets=$6.50+$7.50

Current Assets=$14 million

Total Assets=Net fixed assets+Current Assets

Total Assets=$18 m+$14 m

Total Assets=$32 m

For Market Value:

Net fixed assets=$27.00 million

Current Liabilities=$7.50 million

net working capital=$7.45 million

Formula:

Net working capital=Current assets-Current Liabilities

$7.45 million=Current assets-$7.50 million

Current Assets=$7.45+$7.50

Current Assets=$14.95 million

Total Assets=Net fixed assets+Current Assets

Total Assets=$27 m+$14.95 m

Total Assets=$41.95 m

                                     Book Value                          Market Value

Current Assets              $14 m                                        $14.95 m

Fixed Assets                  $18 m                                        $27 m

Total                               $32 m                                        $41.95 m

8 0
3 years ago
Honda has developed aluminum car bodies that are 100% recyclable and light enough to help conserve fuel. What kind of response i
andreyandreev [35.5K]

Answer:

b. Proactive

Explanation:

Proactive response is a corporate response in which the corporate anticipates or identifies the problem and develops ways and methods to reduce the impact or eliminate the problem.

Here in the question development of recyclable aluminium car bodies will actively help in reducing the demand of the fresh aluminium.

Also,

the reduction or the conserving of fuel will help reducing the fuel demands which is among the major source of CO₂

6 0
3 years ago
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