1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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.

You might be interested in
Kingbird, Inc. receives a $11000, 9-month, 6% promissory note from Sunland Company in settlement of an open accounts receivable.
Scorpion4ik [409]

Answer and Explanation:

The journal entry at the time of receiving the note is as follows:

Note receivable Dr $11,000

         To Account receivable $11,000

(Being the note receivable is recorded)

Here the note receivable is debited as it increased the assets and credited the account receivable as it decreased the assets

6 0
2 years ago
Beta Corporation acquired 100 percent of the voting shares of Yang Inc. by issuing 10,000 new shares of $10 par value common sto
poizon [28]

Answer:

The question is not complete.

Here is the complete question:

Beta Corporation acquired 100 percent of the voting shares of Yang Inc. by issuing 10,000 new shares of $10 par value common stock with a $40 market value.

Required:

1) Which company is the parent and which is the subsidiary?

2) Define a subsidiary corporation.

3) Define a parent corporation.

4) Which entity prepares consolidated worksheet?

5) Why are elimination entries used?

Here are the answers:

1. Beta Corporation is the parent while Yang Inc. is the subsidiary.

2.A subsidiary  corporation is an investee company in which another entity has a controlling interest in. This controlling interest is majorly achieved when the entity has more than 50% f the total voting shares.

3. A parent corporation is the investment entity which has a controlling interest in another entity called subsidiary.

4. It is the parent corporation that prepares consolidated worksheet.

5. Elimination entries are used to avoid double recording of values of assets, liabilities and equity in the consolidated accounts.

Explanation:

Parent and subsidiary is a form of relationship that exists where one entity has a controlling investment in another.

6 0
3 years ago
Write a for loop that prints in ascending order all the positive integers less than 200
ExtremeBDS [4]

The correct answer for the for loop is:

for (int i=1; i<200; i++){

if ((i%2)==0 && (i%3)==0){

cout << i << " ";

}

}

Python offers three options for running the loops. For iterating repeatedly through a sequence, use a for loop (that is either a list, a tuple, a dictionary, a set, or a string). This functions more like an iterator method seen in other object-oriented programming languages and is less like the for keyword found in other programming languages. The for loop allows us to run a series of instructions once for each element of a list, tuple, set, etc. There is no need to set an indexing variable before using the for loop.

Write a for loop that prints, in ascending order, all the positive integers less than 200 that are divisible by both 2 and 3, separated by spaces.

Learn more about loops here:

brainly.com/question/25955539

#SPJ4

5 0
2 years ago
EB1. 
aleksandr82 [10.1K]

Answer:

$110

Explanation:

The contribution margin per unit refers to the revenue available per unit to pay for fixed costs and profits.

The formula for contribution margin is selling price per minus variable costs per unit.

, i.e., contribution margin = selling price -variable costs

=$150-$40

=$110

8 0
3 years ago
A major weakness of planning budgets is that A. They are feared only to a single level of activity. B. They cannot be used to as
Ksivusya [100]

Answer:

The correct answer is letter "D": All of the above.

Explanation:

Budgets are estimates of the expenses that may be incurred during the development of a  project. Managers try to keep the expenditures as close as to the budget to make sure a reasonable amount of resources were used. Though, disadvantages of counting on budgets are, for instance, that they are set mostly to a single level of activity without considering adjustments that might be necessary as a result of external changes; also, budgets are a constraint for projects since the executive responsible must monitor how the resources are spent periodically to find out if they will be enough for the project completion.

4 0
3 years ago
Other questions:
  • A project will produce cash inflows of $1,750 a year for four years. The project initially costs $10,600 to get started. In year
    14·1 answer
  • Superstores that are actually giant specialty stores and have seen tremendous growth recently are called​ _______.
    5·1 answer
  • Rebecca, a game artist at a game designing company, receives her bonus 10 days before or 10 days after she receives her monthly
    14·1 answer
  • What is social objective mean?
    7·1 answer
  • The human resource department of Winston Memorial Hospital has played a leading role in helping the hospital become a high-perfo
    9·1 answer
  • if Alexis invest $2,000 into a fund that earns 5.5% interest compounded annually, how long will it take for her investment to gr
    7·1 answer
  • An investment project has annual cash inflows of $2,800, $3,700, $5,100, and $4,300, for the next four years, respectively. The
    13·1 answer
  • Which statement best describes the economic relationship between
    11·1 answer
  • Entertainer's Aid plans five annual colossal concerts, each in a different nation's capital. The concerts will raise funds for a
    6·1 answer
  • The average price of a gallon of gas in 2015 dropped $0.94 (28 percent) from $3.34 in 2014 (to $2.40 in 2015). Let’s see whether
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!