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asambeis [7]
3 years ago
13

Ronald is the sole owner of a fast food store. Over the past six months, his sales have fallen and the store has been running at

a loss as a result of a popular fast food chain outlet opening in the area. Friends and relatives who lent Ronald money to open the store want him to sell his personal property in order to repay those loans. What ownership category of business is Ronald in?
Business
1 answer:
Nikolay [14]3 years ago
6 0

Answer:

sole proprietorship

Explanation:

Ronald is the sole proprietorship form of business ownership. As the sole proprietor, Ronald owns and manages the business. He makes all the key business decisions and enjoys all the profits by himself. Should the business make a loss, Ronald will bear it by himself.

Legally, Ronald and the business are considered as one entity. The assets of his business are his personal assets, and so are the debts. In other words, a sole proprietor has unlimited liabilities to the debts of the business. If the business can not pay its debts,  Ronald's personal properties can be sold to pay the creditors.

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Drury corporation needs to raise $ 2 comma 300 comma 000. the corporation plans on selling 100 comma 000 shares of $ 23 par valu
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Income [email protected]%.........................................................................................($660000)

Net Income After Tax..................................................................................1540000

Total No of Shares.........................................................................................260000

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8 0
3 years ago
If it is approved by legislators in member countries, the United States-Mexico-Canada Agreement (USMCA) will replace the existin
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If the United States-Mexico-Canada Agreement eventually get approved by the legislators in member countries, it will replace the existing North American Free Trade Agreement.

<h3>What is the United States-Mexico-Canada Agreement?</h3>

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Hence, the approval of the agreement will lead to replacement of the North American Free Trade Agreement that served almost the same purpose.

Read more about USMCA

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4 0
2 years ago
Because Country A has no domestic sources of wood, it imports all its wood from wood-producing countries. If the price of wood i
mars1129 [50]

Answer:

C Housing prices in Country A will increase as wood imports become more expensive.

Explanation:

Since country A imports all wood from other countries, an increase in price of wood by suppliers means that they are now expensive. Country A will be paying much more money for the same amount of supply they imported before prices rose. This will lead to housing prices to increase as a way to pass over the costs to homebuyers and tenants through rising home prices and rents respectively.

6 0
3 years ago
Bennett purchased a tract of land for $20,000 in 2012 when he heard that a new highway was going to be constructed through the p
babymother [125]

Answer:

The correct answer to this question is that the amount of loss suffered by Bennett cannot be taken out because no information has been given in the question regarding sale of the land.

Explanation:

In the given above question Bennett purchased a tract of land for $20,000 in 2012, thinking that the value of land would increase to $200,000 when the new highway would be constructed but that didn't happen and the value of the property fell to $15,000. Here we can't tell anything about the loss suffered by Bennett because there has been no information given regarding the selling of the land and if he hasn't sold the land then that means there is no loss.

If he would have sold the land then he would have suffered a loss of $5000($20,000 -$15,000).

7 0
3 years ago
Assume you want to accumulate $4,000 to begin investing at the end of three years. How much money would you need to save every w
kow [346]

Alright! So what we want to do is multiply 365 by 3 and you get 1095 now what you wanna do is divide that by 7 which is 156 now then you want to now divide 7 by 4000 and you get your answer! I hoped this helped I made a little mistake if you multiplty 3.66 by 1095 you get 4000.7 but that is still 4K  

6 0
3 years ago
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