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neonofarm [45]
3 years ago
15

A sole proprietorship: Multiple Choice provides limited financial liability for its owner. involves significant legal costs duri

ng the formation process. has an unlimited life. has its profits taxed as personal income.
Business
1 answer:
zalisa [80]3 years ago
5 0

Answer:

Has its profits taxed as personal income

Explanation:

Sole proprietorship: The sole proprietorship is the person who is the single owner of a company. He is personally liable for all the acts which are held in the company. In this, there is no separate entity between the company and its members.

Moreover, during filling the return, the owner has to file a tax based on the profits on its personal income

Its owner choice to continue the business for longer period or for a shorter period. So, it does not has unlimited life, neither it have limited financial liability nor it involves significant legal costs during the formation process.

So, a sole proprietorship has its profits taxed as personal income.

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What happens if a jury duty summons is sent to the wrong address?
Pavlova-9 [17]
The individual should have their address updated, although if it's the fault of the court, there won't be a penalty or anything, but the individual will need to justify what happened.
6 0
3 years ago
1.The hope of reward that encourages a person to behave in a certain way is a(n) _______.
netineya [11]
Here are the answers to the given questions above.
1. <span>The hope of reward that encourages a person to behave in a certain way is a(n) INCENTIVE.
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Hope this answer helps.</span>
8 0
3 years ago
Read 2 more answers
If a bank has $1,000,000 in reserves and checking deposits of $3,000,000, what is the bank's reserve position if the required re
givi [52]

If the bank's reserves is $1000000, checking deposits be $3000000 and the required reserve ratio be 20% then the bank has excess reserves of $400000.

Given that bank's reserves is $1000000, checking deposits be $3000000 and the required reserve ratio be 20%.

Required reserve ratio is basically a percentage of deposits to be kept by the bank with them.

We are required to find the find the bank's reserve position.

Bank's reserves=$1000000.

Checking deposits=$3000000

Required reserve ratio=20%

Reserves required according to the checking deposits=3000000*20%

=$600000

Actual reserves=$1000000

Excess reserves=Actual reserves -Reserves required

Excess reserves=1000000-600000

Excess reserves=$400000

Hence if the bank's reserves is $1000000, checking deposits be $3000000 and the required reserve ratio be 20% then the bank has excess reserves of $400000.

Learn more about required reserve ratio at brainly.com/question/13758092

#SPJ4

4 0
2 years ago
The quality team at Nigre, a cosmetics company, is continuously involved in monitoring the production process to ensure that the
omeli [17]

Answer:

Control

Explanation:

According to my research on the different activities of process management, I can say that based on the information provided within the question Nigre is engaged in the Control Activity. This activity focuses on making sure all procedures, techniques, and policies are followed accordingly in order to meet all of the organizations goals and basically minimize the risk of defective products or problems occurring. Which is what Nigre is doing by monitoring the production process and making sure everything is meeting the specifications.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

5 0
3 years ago
"Career Clusters" describe a group of _______ within the same industry.
Afina-wow [57]

I think that the answer is "Jobs" or "Careers"

3 0
4 years ago
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