Explanation:
A sole proprietor is someone who owns an unincorporated business by himself or herself. However, if you are the sole member of a domestic limited liability company (LLC), you are not a sole proprietor if you elect to treat the LLC as a corporation.sole proprietorship is a business that can be owned and controlled by an individual, a company or a limited liability partnership. There are no partners in the business. The legal status of a sole proprietorship can be defined as follows: It is not a separate legal entity from the business owner.
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Have a growth mindset,
Have a bigger attention span,
Participate,
Do work the correct way,
Believe in yourself.
The guiding imperative in capitalist economies is profit. So the correct answer is (c).
A social science called economies examines how products and services are produced, distribute, and consumed as well as how people, corporations, governments, and entire countries decide how to distribute their resources. An economist analyzes the connection between a society's resources and its output, and their insights are used to influence economies policies concerning interest rates, tax laws, employment rules, global trade agreements, and company strategy. To spot prospective trends or predict the future of the economy, economists use economies indicators like the GDP and the consumer price index.
Therefore correct option is (c).
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Ginger will owe income taxes and a 10% penalty on $50,000 of the following statements is correct.
Taxable Amount = ( $90,000 - $40,000 ) = $50,000
As the Distribution of Fund is at age 45 which is less than 59.5 , then it subject to 10% penalty
An income tax is a tax imposed on people or entities in respect of the earnings or income earned by means of them. profits tax usually is computed because the made of a tax charge instances the taxable income. Taxation quotes may additionally vary by kind or characteristics of the taxpayer and the kind of earnings.
For instance, if you earn $1,000 in a kingdom with a flat earnings tax fee of 10%, $one hundred in earnings taxes have to be withheld from your paycheck whilst you earn that profits.
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Answer:
Accounts receivable turnover = 11.58
Explanation:
The total sales of the company = $980000
Net sales of the company = $955800
Average account receivable = $82500
We have total sales, net sales, and average accounts receivable. Here, we are required to find the account turnover.
Use the below formula to find the account turnover:
Accounts receivable turnover = Net sales / average accounts receivable
Now insert the values:
Accounts receivable turnover = 955800 / 82500 = 11.58
