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3 years ago

Which of the following is an advantage of partnerships over sole

Business

2 answers:

miss Akunina [59]3 years ago

7 0

The correct answer is A.

Partnerships are at an advantage over a sole proprietorship in terms of raising money. While a sole proprietorship only has the money from the proprietor, a partnership has money from all of the partners.

Aleks [24]3 years ago

3 0

Answer:

Partnerships generally have more money to invest in starting or expanding a business. ( A )

Explanation:

Partnership is a type of business that involves more than one business owner/investor for the smooth running and operation of the business. while a sole proprietorship is also known as a one-man business that involves just a single business owner/investor.

partnerships have some advantages over sole proprietorship type of business because in partnership there is a larger pool of funds because each partner contributes to the running of the business financially and this in turn reduces the effect of loses been incurred on an investor because the losses are been shared across the investors as well. partnership business last longer in the event of death or other circumstances than a sole proprietorship type of business.

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A homeseller wants to net $75,000. The commission is 9%, the loan payoff is $450,000, and closing costs are $36,000. What must t

gregori [183]

Answer:

The home must sell for $616,500 to be able to settle all costs

Explanation:

The net to the formula can be used to ascertain the price of the property , the formula is given below:

Net amount=Sales price*(100%-commission rate)

The net to the seller in this case is the amount that seller would receive and be able to settle mortgage and closing costs and still be left with $75000

Net amount =$75000+$450000+$36000

=$561000

commission rate is 9%

$561000=sales price*(100-9%)

$561000=sales price*91%

sales price =$561000/91%

=616483.52

But to the nearest $100 is $616500

6 0

3 years ago

Dr. Peabody recorded $6,820 in services provided to clients who make monthly payments. Which of the following statements is corr

11111nata11111 [884]

Answer:

D. Accounts receivable is debited $6,820; the dental revenues account is credited $6,820.

Explanation:

The two accounts that are affected here are accounts receivables ( Assets) and the revenue account ( affects capital). The accounts receivable will increase as payment is expected at the end month. Since receivable are assets, an increase in receives is recorded as a debit of the account receivable account. $ 6,820 will be debited on the accounts receivables.

The services rendered increases the revenue to Dr. Peabody. Revenue is considered a capital account because it increases the owner's equity. An increase in a capital account is credited. Dr. Peabody will credit the dental revenue account with $6,820.

3 0

3 years ago

Park Sung Inc. is a fictional South Korean manufacturer of refrigerators. The company produces at its manufacturing plant in Bus

Murrr4er [49]

Answer:

The answer for each requirement is given separately below.

Explanation:

What is the economic production quantity (EPQ)?

EPQ = ((Annual Requirement * setup cost *2)/Carrying cost per unit)^(1/2)

= ((30,000 * 50 *2)/3^(1/2)

= 1000 Units

a. What is the average inventory level for this optimum production quantity?

Average Inventory level = EPQ/2 = 500 units

b. How many production setups would there be in a year?

Production setups = Annual Usage /EPQ = 30 set ups

C. What is the optimal length of production run in days

length of production = Total Requirement/production per day

= 30,000/275

=110 days approx

d. What would be the savings in annual inventory Cost if setup costs can be reduced to US$40 per setup?

If set up cost reduce to $40 than EPQ = 895

So Set up cost = 30,000/ 895 * 40 = 1,360

Carrying cost = 883/2 *3 = 1,325

Total Cost = $ 2,685 -A

If set up cost $50 than EPQ = 1000

So Set up cost = 30,000/ 1000 * 50 = 1,500

Carrying cost = 1000/2 *3 = 1,500

Total Cost = $ 3,000- B

Saving = B-A = 315 Dollars

4 0

3 years ago

In dangerous professions like law enforcement and construction women are

Art [367]

It would be C because women are thought to be physically weaker and not as useful as men. Women can be useful but in certain professions its a lot harder for them. Also men tend to be more willing to work when they get injured or such.

6 0

3 years ago

18. HexaCo has various policies and procedures pertaining to the company’s operations. These policies and procedures are routine

anyanavicka [17]

Answer: Control activities

Explanation: In simple words, control activities refers to the policies and procedures that help the management to reduce the risk they have identified. These activities reports as a support structure for other operating activities of the business.

In the given case, hexa company has policies and procedures that supports managements initiatives. Hence the given case depicts the control activities element.

3 0

3 years ago