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3 years ago

Which of the following is NOT a BENEFIT of having a sole proprietorship

Business

1 answer:

Zigmanuir [339]3 years ago

4 0

One thing that is not a benefit is a corporate veil shields the owner from the losses.

You might be interested in

Which of the following is an example of objective evidence?

Serhud [2]

Answer:

B. The physical count of securities and cash

Explanation:

An objective is the business's goal and in order to see that the quantity would need to be in a physical sense to see growth over time.

4 0

4 years ago

Heath Food Corporation’s bonds have 7 years remaining to maturity. The bonds have a face value of $1,000 and a yield to maturity

joja [24]

Answer:

8.55%

Explanation:

For computing the current yield first we have to determine the present value by applying the present value formula which is shown below:

Given that,

Future value = $1,000

Rate of interest = 8%

NPER = 7 years

PMT = $1,000 × 9% = $90

The formula is shown below:

= -PV(Rate;NPER;PMT;FV;type)

After solving this, the present value is $1,052.06

Now the current yield is

= PMT ÷ PV

= $90 ÷ $1,052.06

= 8.55%

3 0

3 years ago

Suppose you are the manager of a local water company, and you are instructed to get consumers to reduce their water consumption

Veronika [31]

The price of the water needs to be raised by 40% when the consumption of water reduces by 10% and the price elasticity of demand results to 25%.

<h3>What is meant by the price of elasticity of demand?</h3>

The price elasticity of demand is determined as the proportionate variation in quantity with respect to variation in the price of a good.

Given values:

Change in water consumption (fall): 10%

Price elasticity of demand: 25%

Computation of percentage change in the price of water:

$\rm\ Change \rm\ in \rm\ price \rm\ of \rm\ water=\frac{\rm\ Change \rm\ in \rm\ water \rm\ consumption}{\rm\ Price \rm\ elasticity \rm\ of \rm\ demand} \\\rm\ Change \rm\ in \rm\ price \rm\ of \rm\ water=\frac{10\%}{25\%} \\\rm\ Change \rm\ in \rm\ price \rm\ of \rm\ water=40\%$

Therefore, there is an increase in water price by 40%.

Learn more about the price elasticity of demand here:

brainly.com/question/15010897

#SPJ1

6 0

2 years ago

A major lottery advertises that it pays the winner $10 million. However, this prize money is paid at the rate of $ 500,000 each

My name is Ann [436]

Answer:

We have to discount these payments to find the present value

500,000

500,000/1.1

500,000/1.1^2

500,000/1.1^3

We keep on doing this until we reach 500,000/1.1^19

After that we add all the payments and get the value. A less time consuming way of doing it is using a financial calculator

Pv=?

N=19

FV=0

PMT=500,000

=4,182,460.05 we add 500,000 to this because the first payment was not discounted=4,682,460.05= Present Value.

Explanation:

8 0

3 years ago

The Bloomfield Corporation sells three items of inventory: rulers, mechanical pencils, and notebooks. The company begins operati

grin007 [14]

Answer:

Value of inventories

1. Rulers = 100*$6 = $600

2. Pencils = 70*$8 = $560

3. Notebooks = 120*$7 = $840

Total $2,000

Value of inventories after additional information

1. Rulers = [(100*$6) + $15] = $615

2. Pencils = (70*$8) + (70*$0.50) = $595

3. Notebooks= (120*$7) + $12 + (120*$0.10) <u>$864</u>

Total <u>$2,074</u>

8 0

3 years ago