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
Gala2k [10]
3 years ago
14

Which of the following statements is the most accurate? Sole proprietorships are well suited for people who want to own a busine

ss and share in its profits without taking an active role in management. Sole proprietorships are the least risky form of business ownership. Sole proprietorships must receive a state charter before they can legally conduct business. Sole proprietorships are taxed at the owner's personal tax rate.
Business
1 answer:
emmasim [6.3K]3 years ago
3 0

Answer:

D. Sole proprietorships are taxed at the owner's personal tax rate

Explanation:

Sole Proprietorship can be defined as a simplest form of owning and starting any business. As the term suggests, this business is onwed by an individual only or shared by married couples.

Sole properietorship is easy to set up because the owner need not to register itself to state government, therefore, because of absence of governmental involvement, it is easy to set up or deconstruct sole proprietorship.

<u>From the given options, the statement which is most accurate about a sole proprietorship is option D. The owner of sole proprietorship pays personal taxes on the profits earned by his/her business.</u>

Therefore, option D is correct.

You might be interested in
A company had beginning assets and liabilities were Rs. 100,000 and Rs. 50,000 respectively.
elena-14-01-66 [18.8K]

Answer: Rs. 120,000

Explanation:

At the end of the year, both assets and liabilities had doubled. New asset and liability figures are therefore:

Assets = Rs. 200,000

Liabilities = Rs. 100,000

Net income is part of equity and as there is no equity, net income must be the entire equity.

Assets = Equity + Liabilities

200,000 = Equity + 100,000

Equity = 200,000 - 100,000

= Rs. 100,000

From this Net income, dividends were distributed to the tune of Rs. 20,000. This should be added back to see the full figure.

= 100,000 + 20,000

= Rs. 120,000

7 0
3 years ago
Holding cash simply as a financial reserve is referred to as the ____ motive.
mel-nik [20]
<span>Holding cash simply as a financial reserve is referred to as the "speculative" motive.

</span>Speculative motive refers to a strategy that is utilized by financial specialists/merchants to hold money to make the best utilization of any speculation opportunity that emerges later on. Keeping all cash contributed doesn't appear to be appealing constantly. Keeping up a decent lot of liquidity in one's portfolio is one of the best needs for n investor.
For the most part, financial specialists keep a decent measure of such money with them in order to acquire higher benefits. 
7 0
3 years ago
Lucretia finds herself caught between loyalty to her employer on the one hand and loyalty to a friend who works in her office on
antiseptic1488 [7]

Answer:

conflict of loyalty  

Explanation:

In simple words, conflict of loyalty refers to a specific type of situation  in which an individual faces a conflict of interest due to having loyalty towards two different parties which have different goals and objectives.

This scenario usually happens when someone in authority has to make a decision that can affect party he or she have personal relation or with the other party with with which that individual have a professional relation.

As per the modern theories, under such scenarios, individual in authority should favor professional relations over personal relations.

8 0
3 years ago
Which of the following attributes is most typical of a​ service? A. mass production B. production and consumption occur simultan
kenny6666 [7]

Answer: Production and consumption occur simultaneously

Explanation:

Services are intangible quantities that possess value and can be traded, services cannot be stored therefore it most times is produced and consumed at the same time.

5 0
3 years ago
Creating policies for health and safety is part of which risk management strategy?
ivolga24 [154]
It can be C because it's accepting the risk to do it

But it can also be B because it's sharing the risk with everyone else
8 0
3 years ago
Other questions:
  • Jake just got a big promotion at work and wants to buy a new Jaguar.​ However, he lives in northeast​ Indiana, and the nearest J
    10·1 answer
  • Can someone type a paper for me
    9·2 answers
  • During the month of June, Ace Incorporated purchased goods from two suppliers. The sequence of events was as follows: June 3 Pur
    12·1 answer
  • ​the progressive insurance ad campaign knows that the average person in the target market is exposed to the message 13 times in
    14·1 answer
  • Barton Chocolates used a promissory note to borrow $1,000,000 on July 1, 2018, at an annual interest rate of 6 percent. The note
    14·1 answer
  • Michelle operates a food truck. Indicate the amount (if any) that she can deduct as an ordinary and necessary business deduction
    13·1 answer
  • Which activity might require you to provide your social security number?
    5·1 answer
  • Kelly received a $60,000 salary during 2017. Her federal income tax withholding rate was 20%, and the Social Security base amoun
    14·1 answer
  • Product differentiation that makes the product better for some consumers and worse for others is A) always welfare decreasing. B
    15·1 answer
  • Crystal believes that outsourcing the bookkeeping needs of her firm would save money. She researches various companies and runs
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!