If you need to indicate the missing ammount of each letter in the grahp then it will be like follows: For the first case: A = $9,600 + $5,000 + $8,000 = $22,600$22,600 + $1,000 – B = $17,000 B = $22,600 + $1,000 – $17,000 = $6,600$17,000 + C = $20,000 C = $20,000 – $17,000 = $3,000 D = $20,000 – $3,400 = $16,600 <span>E = ($24,500 – $2,500) – $16,600 = $5,400 </span><span>F = $5,400 – $2,500 = $2,900 </span>And now for the second case: G + $8,000 + $4,000 = $16,000 G = $16,000 – $8,000 – $4,000 = $4,000$16,000 + H – $3,000 = $22,000 H = $22,000 + $3,000 – $16,000 = $9,000(I – $1,400) – K = $7,000(I – $1,400) – $22,800 = $7,000 <span>I = $1,400 + $22,800 + $7,000 = $31,200 </span>J = $22,000 + $3,300 = $25,300 K = $25,300 – $2,500 = $22,800$7,000 – L = $5,000 <span>L = $2,000</span>
The business cease to exists unless sold or taken over by Joe's heirs.
Explanation:
Sole proprietorship is a term that describes the business enterprise which is owned or run by just one person known as the sole trader. In other words, sole proprietorship is a one man's business.
One of the major drawbacks of this kind of business is the fact that when a sole proprietor is sick or incapacitated, his/her business would suffer or cease to exist unless he/she sells it or allows family members (heirs) to take over its management or ownership.
