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3 years ago

What are the main goverment restrictions on sole proprietorships

1 answer:

5 0

The main government restrictions on sole proprietorship are as follows:
1.The zoning laws that are put in place specifies the areas of a city or a country where various types of business activities can be pursued.
2. Sole proprietorship has to obtain city or country license before they can operate their businesses.
3. Professional sole proprietorships such as doctors must be licensed by the state.

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On August 1, 2021, Trico Technologies, an aeronautic electronics company, borrows $19.7 million cash to expand operations. The l

Elena-2011 [213]

Answer: Please see answers in explanation ncolumn

Explanation:

Journal entry for Trico Technologies

1) To record issuance of notes

Date General Journal Debit Credit

Aug 1st 2021 Cash $19,700,000

Notes Payable $19,700,000

Adjustment for Interest

= Principal x rate x time ( from August to December 31st)

$19,700,000 X 9% X 5/12=$738,750

To record accrual of interest at Year end.

Date General Journal Debit Credit

Dec 31st,2021 Interest expense $738,750

Interest payable $738,750

3. Record Payment of Note at maturity

Date General Journal Debit Credit

Jan 31st,2022 Notes payable $19,700,000

Interest Expense $147,750

Interest payable $738,750

Cash $20,586,500

Interest Expense =Principal x rate x time ( the remaining one month

$19,700,000 X 9% X 1/12=$147,750

8 0

2 years ago

Answer pleaseee I want fastly

lapo4ka [179]

Explanation:

Hey there!!!

Your required answer is option D.

Because, when you engage or serve others for money or salary or wage it is termed as wage employment.

Hope it helps...

5 0

3 years ago

On January 1 of the current year, Barton Corporation issued 10% bonds with a face value of $200,000. The bonds are sold for $191

Verdich [7]

Answer:

a. $21,800

Explanation:

The discoun of issuance of the bond is amortized over the period until maturity. Total Interest expesne on a discounted bond is the sum of the coupon payment and the amortization of the discount amount.

Coupon payment = $200,000 x 10% = $20,000 per year

Discount on the bond = $200,000 - $191,000 = $9,000

Discount amotized per year = $9,000 / 5 = $1,800

Total Interest Expense = Coupon Payment + Amortization of Discount

Total Interest Expense = 20,000 + 1800 = $21,800

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3 years ago

Jason is an employee at Manisch Burger and Meals. He is assigned the task of serving soft drinks to customers who order meals co

VARVARA [1.3K]

Answer:

C) Job specialization

Explanation:

Job specialization defines that who is specialist for a particular field or subject. It shows expertise in a specific sector like finance, operation, Sales manager, customer service, delivery boy, human resource. etc. It indicates talent, skills, competencies of a particular person.

Therefore in the given scenario Jason who is serving the potato fries, a burger, and a roll shows the expertise in his field and that is called Job specialization.

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3 years ago

A retail outlet for calculators sells 700 calculators per year. it costs $2 to store one calculator for a year. to reorder, th

Marat540 [252]

Answer:

if Andre orders 500 boxes at a time his anual inventory cost with holding cost included should be $150,030.

Explanation:

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3 years ago

Read 2 more answers