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2 years ago

Which best describes the difference between sole proprietorships and partnerships?

Business

2 answers:

Varvara68 [4.7K]2 years ago

6 0

Sole proprietorship has a single owner while partnerships has two or more owners.

Mila [183]2 years ago

3 0

Sole proprietors keep all profits and have unlimited liability, while partners split profits and share liabilities. On Edge

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John takes $100 of currency from his wallet and deposits it into his checking account. If the bank adds the entire $100 to reser

IRINA_888 [86]

Answer:

John takes $100 of currency from his wallet and deposits it into his checking account. If the bank adds the entire $100 to reserves, the money supply <u>WILL NOT CHANGE</u>, but if the bank lends out some of the $100, the money supply <u>WILL INCREASE</u>.

Explanation:

Any monetary injection to the banking system will increase the money supply only if the banking system (the whole set of banks) lends the money. The total effect is calculated by the increase in money x the money multiplier. The money multiplier = 1 / required reserves.

If the bank does not lend the money, then the money supply will not change.

3 0

2 years ago

Machine A has an initial cost of $6,000 with total annual maintenance costs of $750. Machine B has an initial cost of $8,500 wit

ryzh [129]

When the initial cost of Machine A is $6,000 and that of Machine B is $8,500, then both the machines will have the same current value at the end of 10 years.

<h3>What is the meaning of current value?</h3>

The present market value of an asset that prevails in the market is known as the current value of an asset. Using the given conditions, the current value will be the same as computed under,

$\rm Cost\ of\ Machine\ A\ + Maintenance\ Cost(Interest\ Rate)= Cost\ of\ Machine\ B\ +Maintenance\ Cost(Interest\ Rate)$

Putting the given value and solving further we get,

$\rm Current\ Value\ x\ 7.25\ x\ 10\% = \dfrac{2500}{345}\\\\\rm Current Value= 10$

Hence, the significance of current value is aforementioned.

Learn more about current value here:

brainly.com/question/8286272

#SPJ1

5 0

1 year ago

When Kelsey decreases her price of lipstick from $7 to $5, she finds that her sales increase from 6 to 7. She faces ________ dem

yuradex [85]

Answer:

elastic; rise

Explanation:

6 0

2 years ago

A company uses straight line depreciation for an item of equipment that cost $12000, had a salvage value of $2,000 and a five ye

timurjin [86]

Answer:

option (d) 2400

Explanation:

Data provided in the question:

Initial book value = $12,000

Salvage value = $2000

Useful life = 5 years

Thus,

Using the straight line method of depreciation

Annual depreciation = [Cost - Salvage value] ÷ Useful life

= [ $12,000 - $2,000 ] ÷ 5

= $2,000

Accumulated Depreciation for 3 years

= Annual depreciation × Time

= $2,000 × 3

= $6,000

Book value after 3 years = Cost - Accumulated depreciation

= $12,000 - $6,000

= $6,000

Remaining useful life = 2 years

Reduced Salvage value after 3 years = $1,200

Therefore,

Depreciable value of the Asset = Book value - Reduced salvage value

= $6,000 - $1,200

= $4,800

Revised depreciation to be charged every year

= Depreciable value of the Asset ÷ (Remaining useful life)

= $4,800 ÷ 2

= $2,400

Hence,

The correct answer is option (d) 2400

4 0

3 years ago

Melanie assesses risks, both financial and physical. She has a graduate degree. She is:

Ilia_Sergeevich [38]

<u>Answer:</u> an actuary

<u>Explanation:</u>

Melanie is an employee who has the responsibility of managing risks and uncertainty. Actuaries evaluate the risk of the financial and physical properties. Based on the risk assessment they evaluate the price of the insurance policy and the premium that is to be paid by the customers.

They also help in periodic reporting of the client's financial state. Actuaries hold a degree in actuarial science. They use their analytical skills to prevent the parties from potential losses.

7 0

2 years ago