Answer:
b.112.3 days
Explanation:
The computation of the number of days' sales in inventory for the year is shown below:
Day inventory outstanding = {(Beginning inventory + ending inventory) ÷ 2}÷ cost of goods sold × number of days in a year
= {($200,000 + $140,000) ÷ 2} ÷ ($552,500) × 365 days
= ($170,000) ÷ ($552,500) × 365 days
= 112.3 days
Answer:
should be long and roundabout to cushion the negative aspects
if you are delivering bad news if it is directly affecting them they would most likely like to know why and if they can help this issue
Explanation:
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Answer:
The answer is: Owner is personally liable for all debts of the business.
Explanation:
Sole proprietorship is the oldest type of business, where a single person is the owner of a business.
Some of the advantages of sole proprietorship are:
- the simplest and most flexible business structure.
- owner has complete control and full decision making powers
- easy to close down the business
- profits are taxed at the owner´s tax rate
Some of the disadvantages of sole proprietorship are
:
-
owner is personally liable for all debts of the business
.- if the business goes bankrupt, usually the owner does also
- death or illness of the owner will lead to the end of the business.
- difficulties in raising capital from outside sources