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eduard
3 years ago
10

What is a major drawback of sole proprietorship?

Business
1 answer:
Gre4nikov [31]3 years ago
5 0
Personal liability. ...................
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3. Ashley, Nikki and Jared all selected identical new cars at the same price. Ashley, bought the car with some of his own money
notsponge [240]
Given:
<span>Ashley, bought the car with some of his own money and the rest a car loan.
Nikki bought the car with cash.
Jared leased the car.

</span><span>My Answer: Nikki has the option to choose the less expensive liability-only insurance coverage.

Because Nikki paid the car in cash, the ownership of the car is fully Nikki's. Thus, she can choose the less expensive liability-only insurance coverage without any party objecting to her choice.

Ashley co-owns the car with the company or bank she loaned the balance to. She has to heed the decision of the co-owner.

Jared does not own the car. He only leased it. 

</span>
7 0
3 years ago
Read 2 more answers
Cheyenne is the manager of a local small hotel. just today cheyenne received word that a major convention will be coming to town
dexar [7]
<span>I've found the choices on this question.</span>
<span>A. the devil's advocate method </span>
<span>B. scientific management </span>
<span>C. the synergy method </span>
<span>D. the contingency viewpoint </span>
<span>E. the diversity viewpoint</span>

The answer is D. the contingency viewpoint. It is the right moment of posing a challenge to the owner of getting the opportunity and decision that would match the given situation. The manager then sees this as the right choice as she waits for the owner  
8 0
3 years ago
Review the scenario:
ankoles [38]

Answer:

w4

Explanation:

because its w4 because it explains its his first day on the job

4 0
3 years ago
Read 2 more answers
At the beginning of year 1, Looby Corp. purchases equipment for $100,000. The equipment has a residual value of $20,000 and an e
ANEK [815]

Answer:

Accumulated Depreciation at the end of year  =  $16,000

Explanation:

<em>Under the straight line method of depreciation, the cost of an asset less the salvage value is spread equally over the expected useful life.</em>

<em>An equal amount is charged as annual depreciation over the life of the asset. The annual depreciation is calculated as follows:</em>

Annual depreciation:

= (cost of assets - salvage value)/ Estimated useful life

Cost - 100,000

Residual value = 20,000

Estimated useful life = 10 years

Annual depreciation = (100,000- 20,000)/10 =8,000

Annual depreciation = 8,000

Accumulated Depreciation for 2 years = Annual depreciation× number of years

                            = 8,000× 2 = 16,000

Accumulated Depreciation for 2 years =  $16,000

4 0
3 years ago
Rugged Bicycles, Inc. collects 25% of its sales on account in the month of the sale and 75% in the month following the sale. If
damaskus [11]

Answer:

$412,500

Explanation:

March

Cash receipts from sales on account for April = $400,000 * 75%

Cash receipts = $300,000

April

Cash receipts from sales on account for April = $450,000 * 25%

Cash receipts = $112,500

Total Cash receipts = Cash receipts from sales on account from March + Cash receipts from sales on account from April

Total Cash receipts = $300,000 + $112,500

Total Cash receipts = $412,500

5 0
2 years ago
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