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Alisiya [41]
3 years ago
12

What is a disadvantage of a sole proprietorship?

Business
1 answer:
stepan [7]3 years ago
6 0

Answer:

Explained below:

Explanation:

The following are the <u>disadvantages of a sole proprietorship:</u>-

1. In a sole proprietorship, there is no separation between business assets and personal assets.  

2. When the owner dies, the business also ends as well unless the owner made a prudent estate plan which allowed the business to continue.

3. A sole proprietorship has no shareholders and cannot sell ownership in the company without changing its business structure. etc

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Basix Inc. calculates direct manufacturing labor variances and has the following​ information: Actual hours​ worked: 200 Standar
sweet [91]

Answer:

The price variance is unfavorable, while the efficiency variance is favorable

Explanation:

To determine the labor efficiency variance, we will use the following formula: Variance = (standard hours – actual hours) x standard rate = variance = (250 hours – 200 hours) x $10 per hour = 50 hours x $10 per hour = $500 favorable

To determine the labor price variance, we will use the following formula: variance = (standard rate - actual rate) x standard hours = ($10 per hour - $12 per hour) x 250 hours = -$2 per hour x 250 hours = -$500 unfavorable

7 0
3 years ago
If a firm decides it is in the best interest to collaborate on a development project, how would you recommend the firm choose a
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Answer:

We live in a related world more so now than any time in recent memory before.In this scenery no business can have all the assets to take an interest completely in the worldwide commercial center without key unions, coordinated efforts and organizations.  

Effective endeavors are continually searching for assets to ceaselessly enhance their ebb and flow tasks and have the accepted procedures to stay ahead in the race.  

Joint effort is a vehicle to supplement the assets of an association and addition abilities to meet certain all around characterized targets. The substance might be deficient with regards to specific assets like money related quality, aptitudes and deliberately it might not have any desire to put resources into their zones of "shortcoming" for some an explanation.  

The firm might need to investigate for an imminent accomplice from its realized business system to begin with. Business and informal communities can furnish leads by taking part in conversations with them. Different zones for prospecting could be from the databases of mechanical improvement offices. Tried and true outsider specialist co-ops - offices right now be locked in to discover reasonable possibilities.  

By the day's end, organizations are about connections. Common regard for one another and shared qualities are important to have an effective organization to meet every others key business targets through such a joint effort. Essentially each ought to be expertly dedicated to such a dare to guarantee goals are met in soul and word.  

The Collaboration ought to be reported in an itemized way that would show the particular jobs of the separate gatherings.  

The manual should record governing rules for taking an interest accomplices to assume out their jobs genuinely.  

Key audit gatherings, choices on money related expenses must incorporate the state of both the substances in a reasonable way.  

Occasional outsider reviews of tasks ought to be a fundamental part of the manual.

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3 years ago
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It's very likely that art will Find that industrial buyers tend to purchase more on impulse than consumer<span> buyers.
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3 years ago
What is the functions of a commercial bank? Explain.
Goshia [24]

A commercial bank offers products and services such as loans, savings accounts, safety deposit boxes and mutual fund/insurance to individuals and businesses.

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4 years ago
The electrical panel rating should be no smaller than _________.
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Hope that helps :p
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