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shepuryov [24]
3 years ago
14

1. Jay is the owner of TooCan Tan, a luxury spa and tanning salon that caters to individuals who desire the ultimate experience

in relaxation. Jay is aware that being the sole owner of the business makes him responsible and liable for every aspect of the business. The type of business, which best describes the operation of TooCan Tan is
Business
1 answer:
Maru [420]3 years ago
6 0

Answer:

Sole Proprietorship

Explanation:

Sole proprietorship is a form of business in which all liabilities,risks&responsibilities(especially in financial aspect) are being borne by a single individual.The individual may not necessarily be the operational entity in the business as he/she in question can employ employees he/she so desires,but when it comes to structuring,legality&sensitive decisions affecting the business,it is borne solely by the individual.This form of business is devoid of partnership,which explains why the demise of the owner is likely to bring an end to the business.

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What's the first step in starting a business
Pavlova-9 [17]
The first step to creating any sort of business is to plan.

Answer : Write a business plan.

Doing so will allow you to know what will happen in what order, so it doesn't all come at you unexpectedly, and this typically makes starting a business much smoother.


Hope this helped! :)


6 0
3 years ago
On december 1 victoria company signed a 90 day 4% note payable with a face value of 15,000 what amount of interest expense is ac
xz_007 [3.2K]

Interest Expense

The cost of borrowing money is referred to as interest expenditure. Interest expenditure in the income statement might represent the cost of borrowing money from banks, bond investors, and other sources.

Main Content

$50

A note payable is a type of financial instrument. In this case, the note payable is due in three months. So, after one month, we will record the following interest on the note payable:

15000*4%*(3/12) = 150

For 1 month = 150/3  =  50

The note payable was sold on December 1, and we must calculate its interest on December 31, which is one month later. As a result, we will divide total interest 150 by 3. This will provide us with one month's interest.

To learn more about Interest Expense

brainly.com/question/10339173

#SPJ4

4 0
2 years ago
What is the present value of a series of payments received each year forever, starting with $1,000 paid one year from now and th
Ivanshal [37]

Answer:

Calculate PV of a 10-year annuity discounted at 6% interest rate; PV = $11,040.13.

Explanation:

8 0
2 years ago
A firm has a Cobb-Douglas production function for its inputs of capital and labor. The firm is currently paying $4 per labor hou
baherus [9]

Answer:

nothing nothing nothing nothing

Explanation:

nothing

5 0
4 years ago
Final Exam
Lyrx [107]
I may be wrong but I believe it was copper that’s why some america coins are still made out of it today
4 0
3 years ago
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