It will be vertical, because the quantity demanded (x axis) will stay the same regardless of the increase or decrease in price on the y axis.
I think the best option for her to would be borrow the money at the interest rate of 5% for the motorcycle because that will be the debt will be her cheapest way instead of taking out a second mortgage on her home and another question that she should ask is the length of time it will take her to pay back the loan
Answer:
generally receives favorable tax treatment relative to a corporation.
Explanation:
The sole proprietorship is the business organization in which the business is controlled by single person only. The business records would be separated with the owner personal records in this type of business also it would not be classified as a separate legal entity just like corporation
But in this it received the favorable tax treatment as compared with the corporation
Answer:
Explanation:
We summarize the assets and liabilities in the classified balance sheet into various types Like assets are divided into fixed assets, current assets, and intangible assets.
Liabilities are likewise divided into current liabilities, long-term liabilities The accounting equation is used in any balance sheet which means
Total assets = Total liabilities + shareholder equity
So, the accounts which are appeared on the balance sheet are shown below:
1. Accounts Payable = Current liabilities
2. Accounts Receivable = Current assets
3. Andrew King, Capital = Stockholder equity
4. Cash = Current assets
5. Land = Fixed assets
6. Supplies = Current assets
7. Wages Payable = Current liabilities
All other are related to the income statement. Therefore, ignored it
