An example of inferior goods
Congrats for getting a man !
Answer:
D. 0.85
Explanation:
This can be calculated as follows:
Asset turnover ratio = Net sales ÷ Average total assets = $850,000 ÷ 1,000,000 = 0.85
This implies that Huge Cart Inc. has been using its assets to generate revenue 0.85 times.
Answer:
O D. $24.000
Explanation:
Under the straight-line depreciation method, the depreciation amount is a constant figure throughout the life of an asset. It means that every year, the amount charged as depreciation is the same throughout the life of the asset.
For the stone pizza, the depreciation per year is $8000. In three years, the amount of accumulated depreciation will be $8000 multiplied by three years.
=$8000 x 3 years
=$24,000
Some of the advantages of sole proprietorship
1. efficient decision making, by owner only
2. easy to set up, minimal cost, minimal fuss
3. low fixed cost (overhead), could be a home-office
I might have missed others, you could figure them out from the options
