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Verizon [17]
3 years ago
15

Selma owns a roofing business. She enjoys being her own boss, but her satisfaction comes at a price. Her days are filled with or

ganizing the activities of her employees and soliciting new customers. She often misses activities with friends and family because of the obligations of running her own business. She also knows that she has unlimited personal liability for any of her firm's debts. Selma's business is organized as a(n):A. Joint venture.B. C corporation.C. S corporation.D. Sole proprietorship.
Business
1 answer:
Basile [38]3 years ago
3 0

Answer:

D. Sole proprietorship.

Explanation:

We know it's definitely is a sole proprietorship because of 'unlimited personal liability' which is a key characteristic.

Selma's business is not a joint venture because she is the only person who invested and runs the business whereas a joint venture is created by two or more entities or 'shared ownership'

Nor is it a corporation for this is an 'organization' owned and manned by many people but is regarded as a single entity. Neither is her business an s corporation because that just the same as a corporation but just with different tax regulations.

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Ship Co. produces storage crates that require 34.0 meters of material at $0.20 per meter and 0.30 direct labor hours at $19.00 p
Shtirlitz [24]

Answer:

Total standard cost = $103.7

Explanation:

<em>Standard cost is the sum of the standard material cost , standard labour cost and standard overhead</em>

Overhead  = OAR × direct labour hour

               = $16 × (0.30×$19.00)= 91.2

Standard cost = (34.0×$0.20) + (0.30×$19.00) +  91.2 = $103.7

Standard cost = $103.7

5 0
3 years ago
The difference between variable costs and fixed costs is (CMA adapted) A. Unit variable costs fluctuate and unit fixed costs rem
Hatshy [7]

Answer:

<em>(A) Unit variable costs fluctuate and unit fixed costs remain constant.</em>

Explanation:

The <em>fixed costs</em> are the costs which have to be incurred always, irrespective of what the output produced is by the firm. For instance, a firm always has to charge depreciation on its fixed assets, pay salary to the premises staff and pay fixed salary to the managers for managing etc, irrespective of whatever output it produces.

<em>Variable costs</em> are the costs which vary with the level of output produced activity. For example, if more output is produced more will be the raw material payments, more will be the manufacturing related other expenses and more will be the wages paid to the labour etc and vice-versa.

Hence, thereby the per <em>unit variable costs fluctuate and unit fixed costs remain constant.</em>

 

7 0
3 years ago
Types of Financial Assets Match the description of the security to the type of financial asset. A security that provides a payof
IRISSAK [1]

Answer: Derivative security

Explanation:

Derivative security is referred to as the security that provides a payoff which depends on the values of other assets.

A derivative security is referred to as the financial instrument whereby the value depends on the value of another asset. There are different types of derivatives such as options, swaps, futures, and forwards. Example of derivative security is convertible bond.

6 0
3 years ago
As a minority group member, when Naomi interacts with members of the dominant ethnic group in her culture, she is asked insensit
astraxan [27]

Answer:

(C) indifference

Explanation:

Ethno-centrism is the act of judging or prejudice shown to others because of their ethnic background.

Since Naomi was asked insensitive questions and was spoken to very slowly shows a case of low ethno-centrism.

This degree of ethno-centrism occurs when someone displays insensitivity and little hostility in their verbal and nonverbal dealings with minority groups.

4 0
3 years ago
Select the correct answer.
-BARSIC- [3]

Answer:

the answer is b

Explanation:

4 0
3 years ago
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