1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
lozanna [386]
4 years ago
11

What kinds of business transactions are NOT summarized in a sole proprietor's books? A. Credits. B. Expenses or deductions. C. G

ross income. D. Sole proprietor's wages.
Business
1 answer:
yan [13]4 years ago
4 0

Answer:

D. Sole proprietor's wages.

Explanation:

The owner of the business is the sole proprietor on the other hand sole proprietor is not an employee. Therefore he receives no salaries as he is the person who is an owner of any company or an organization. Any sum he takes from the company is considered to be withdrawn amount.

Hence, Sole Proprietor's wages are not listed in the ledger of the sole proprietor. So, the correct answer is D.

You might be interested in
What is creative thinking​
Gnom [1K]

Answer:

Creative thinking refers to using abilities and soft skills to come up with new solutions to problems.

Explanation:

Creative thinking skills are techniques used to look at the issue from different and creative angles, using the right tools to assess it and develop a plan.

8 0
3 years ago
Read 2 more answers
When labor costs are incurred, _________ labor costs are added directly to the work in process account.
astraxan [27]

Answer: only direct labor costs

6 0
3 years ago
Choose all that apply.
Arlecino [84]

Answer:

<em><u>Steps for calculating your net worth </u></em>

  1. List your assets.
  2. Total your assets.
  3. List your liabilities.
  4. Total your liabilities.
  5. Subtract your liabilities from your assets.

Explanation:

Net worth is calculated when knowing the value of all your assets minus the value of your total liabilities.

To make this calculation is imperative that you list assets and liabilities and totalize them to know what is the exact figures that you must use to apply the following formula:

Assets - Liabilities=Net Worth

5 0
4 years ago
What should you include in the opening of a direct claim letter? a. A justification of your request b. A clear statement of the
ololo11 [35]

Answer:

Hi

The answers are b) and c)

Explanation:

The letter of complaint is used to file a complaint or a claim about a product or service that has left us unsatisfied or does not correspond to the price as previously agreed. To make this type of letter you need to sort the ideas. This type of correspondence must be clear and concise. It should be clear to avoid useless preambles and explanations at all times and should go directly to the statement of the reason for the claim. Hints and allusions can only lead to confusion, as the recipient has to decipher what is so unclear in the complaint letter.

6 0
3 years ago
Apple Inc. just paid a dividend of $3 per share. You expect that Apple's dividend will increase at the rate of 10% per year for
STALIN [3.7K]

Answer:

The price of Apple just after the current dividend was paid is $26.79.

Explanation:

Note: See the attached file for the calculation of present values for year 1 to 10 dividends.

From the attached excel file, we have:

Previous year dividend in year 1 = Dividend just paid = $3

Total of dividends from year 1 to year 10 = $19.17617169980840

Year 10 dividend = $7.781227380

Therefore, we have:

Year 11 dividend = Year 10 dividend * (100% + Perpetual dividend growth rate) = $7.781227380 * (100% + 3%) = $8.0146642014

Price at year 10 = Year 11 dividend / (Rate of return - Perpetual dividend growth rate) = $8.0146642014 / (20% - 3%) = $47.1450835376471

PV of price at year 10 = Price at year 10 / (100% + Required return)^Number of years = $47.1450835376471 / (100% + 20%)^10 = $7.61419419713817

Price of Apple = Total of dividends from year 1 to year 8 + PV of price at year 10 = $19.17617169980840 + $7.61419419713817 = $26.79

Download xlsx
7 0
3 years ago
Other questions:
  • The following is the adjusted trial balance for Stockton Company.
    12·2 answers
  • On January 4, 2019, Kiley Co. leased a building to Dodd Corp. for a ten-year term at an annual rental of $200,000. At the beginn
    11·1 answer
  • Josh deposited $4000 into an account with 3% interest, compounded quarterly. Assuming that no withdrawals are made, how much wil
    8·1 answer
  • On April 1, 2009, a company paid the $1,350 premium on a three-year insurance policy with benefits beginning on that date. What
    11·1 answer
  • Gabriel has a product idea of a device which he believes will help people manage their daily chores, hence making their lives ea
    13·1 answer
  • The market risk premium is defined as __________. the difference between the return on a small firm mutual fund and the return o
    15·1 answer
  • Your grandmother is gifting you $100 a month for four years while you attend college to earn your bachelor's degree. at a 5.5 pe
    5·1 answer
  • Informal group definition
    7·1 answer
  • An attorney, a newly licensed sole practitioner, opened a trust account at a local bank into which she deposited a check from a
    7·1 answer
  • Exam hide or show questions question content area revenue and expense account are permanent accounts. true false
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!