A sole proprietor has unlimited personal liability for all business debts and obligations.
<h3>Who is a
sole proprietor?</h3>
A sole proprietor is the owner of a sole proprietorship. A sole proprietorship is a type of business that is owned by one person.
A sole proprietor and the business are regarded as a single person under the law. Thus, a sole proprietor has an unlimited liability. An unlimited liability means that in event of default, both the e property of the business and the sole proprietor can be seized.
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Answer:
The numeric response for the question using real numbers rounded to one decimal place is given as below.
Explanation:
Tax incidence for almonds is (12 / (12 + 0.47)) = 0.96
for cotton (0.73 / (0.73 + 0.68)) = 0.52 and
for processing tomatoes is (0.64 / (0.64 + 0.26)) = 0.71
Answer:
Maximize 30A + 40B.
Explanation:
Given that
Profit margin of product A = $30 per unit
And, the Profit margin of product B = $40 per unit
And, let us assume that
Number of product A produced is A
And, the Number of product A produced is B
So, the total profit is
= 30A + 40B
And, this reflects the maximum profit
All other information which is not given is not relevant. Hence ignored it
Answer:
A) sample size = 23.475 ≈ 23
B) How to tell someone to do the test is by taking a sampling process of a lot of the products because this will help to figure out defective units in the line of production and also ensure that the quality of the products are up to the same quality required
Explanation:
Data given
AQL = 20%, = 0.2
LTPD = 52% = 0.52
Assuming consumer risk acceptable by company = 10%
producer risk = 5%
A) First we calculate the ratio
= LTPD / AQL = 0.52 / 0.2 = 2.6
from the table of LTPD/AQL 2.6 is closest to 2.768
to calculate the sample size we apply the formula from the exhibit table
n ( AQL ) = 4.695
Therefore n ( sample size ) = 4.695 / 0.2 = 23.475
B) How to tell someone to do the test is by taking a sampling process of a lot of the products because this will help to figure out defective units in the line of production and also ensure that the quality of the products are up to the same quality required
