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irina [24]
3 years ago
9

The vast majority of for-profit businesses in the United States operate as which of the following?

Business
1 answer:
kykrilka [37]3 years ago
5 0

Answer:

a. Sole proprietorships

Explanation:

Sole proprietorships are the most common for-profit business type in the United States.

A sole proprietorship is a business entity that has only one owner, and for which, no accounting and legal distinction exist between the business entity and the owner.

This means that the business entity and the owner are taxed under the same terms, and that the owner has unlimited responsability for the sole proprietorship business. For example, in case of bankruptcy, the owner may have to respond to creditors with his own personal wealth.

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Uma and edward are assigned to partner on a project, but they have never worked together before. uma texts edward, "are you avai
EastWind [94]
<span>In a situation in which Uma </span><span>and Edward are partners on a project, but they have never worked together and Uma </span>texts Edward, "Are you available to meet at four this afternoon?" Edward replies, "yep. cu then." Uma should gently remind Edward to be more formal and better to use e-mails than texting.

4 0
3 years ago
Pharoah Company has accumulated the following budget data for the year 2020. 1. Sales: 31,410 units, unit selling price $89. 2.
Rama09 [41]

Answer:

<u>Computation of cost of goods sold for 2020</u>

Direct materials(1 pound× $5 )                                  $5

Direct labor(3 hours × $12)                                      $36

manufacturing overhead ($8 × 3 hours)                $24

Total unit cost                                                          $65

<u>Budgeted multiple-step income statement for 2020</u>

Sales ( 31,410 units × $89)                            2,795,490

Less Cost of Sales (31,410 units × $65)      (2,041,650)

Gross Profit                                                      753,840

Less Operating Expenses :

Selling and administrative expenses:           (170,000)

Operating Income                                           583,840

Less Non - Operating Expenses

Interest expense                                             (30,000)

Income before income taxes                         553,840

Income tax (553,840×30%)                            (166,152)

Income After income taxes                            387,688

Explanation:

Cost of Sales = all manufacturing costs

Multi step - Income Statement separates income generated from Primary Activities of the Company (Operating Income) with Income generated from Secondary Activities of the Company (Non-Operating Income)

6 0
2 years ago
Ewing Marion Kauffman was an entrepreneur who invented a number of new drugs for the healthcare industry.
Bumek [7]

<u>TRUE</u>

<em>Ewing Marion Kauffman was an entrepreneur who invented a number of new drugs for the healthcare industry.</em>

<em><u></u></em>

4 0
3 years ago
Read 2 more answers
Management career skills include managing _____.
Svetllana [295]

Answer:

the correct answer is finances

3 0
3 years ago
A perfectly competitive market has a. only one seller. b. at least a few sellers. c. many buyers and sellers. d. firms that set
Natali [406]

Answer:

c. many buyers and sellers.

Explanation:

A perfect market for competition is a market that has a high level of competition.

It has the following features -  

1. With regard to the market, knowledge is great in this rivalry between producer and consumer.

2. Free entry, and exit  

3. Deals with same or homogeneous products  

4. The sellers and buyers are more in this market  

5 0
3 years ago
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