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
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.

You might be interested in
_____ has been defined as the fundamental rethinking and radical redesign of business processes to achieve dramatic improvements
8_murik_8 [283]

Answer: Business process re-engineering

Explanation: In simple words, business process re-engineering refers to the process in which  an organisation tries to restructure and change the process or methods of operations for smooth functioning of the business.

  It is modern technique that are used by the firms in the industries which have high competition and are strongly interdependent on other firms in the industry.

5 0
3 years ago
To balance columns, a _____ is inserted at the end of the text on a page.
Radda [10]
Salutations!

To balance columns, a _____ is inserted at the end of the text on a page.

To balance columns, a continuous section break is inserted at the end of the text on a page.

Hope I helped!
3 0
3 years ago
Wilson company paid 6,700 for a 4-month insurance premium in advance on November 1, with coverage beginning on that date. The ba
Angelina_Jolie [31]

Answer:

Given that,

Total prepaid insurance = $6,700

Monthly insurance:

= Total prepaid insurance ÷ 4 months

= $6,700 ÷ 4 months

= $1,675

Insurance expense for two months:

= $6,700 - $1,675

= $5,025

Therefore, the adjusting entry required on December 31 is as follows:

Insurance expense A/c Dr. $5,025

          To Prepaid insurance           $5,025

(To record the adjusting entry for the insurance)

6 0
3 years ago
Mason works at a toy assembly plant and is responsible for the various departments that perform different functions. he helps pe
julia-pushkina [17]

Based on the scenario above, Mason is likely to be the general manager. It is because he helps people in different departments in regards of specific tasks in which a general manager would do, while Julio is considered to be a functional manager because he makes sure that everyone in his department has the skills and training in which a functional manager is responsible of.

6 0
3 years ago
A stock had returns of 12 percent, 16 percent, 10 percent, 19 percent, 15 percent, and -6 percent over the last six years. What
OleMash [197]

Answer:

10.68%

Explanation:

Data provided in the question:

Returns on stock : 12%, 16%, 10%, 19%, 15%, -6%

Now,

Geometric average return on the stock is calculated as:

Geometric average return = ({(1 + r_1)\times(1 + r_2).......\times(1 + r_n)})^\frac{1}{n}- 1

Thus,

For the given returns on stock

Geometric average return

=[ (1 + 0.12)\times(1 + 0.16)\times(1 + 0.10)\times(1 + 0.19)\times(1 + 0.15)\times(1 + (- 0.06)) ]^{\frac{1}{6}}-1

= [ 1.12\times1.16\times1.10\times1.19\times1.15\times0.94 ]^{\frac{1}{6}}-1

=  [1.8384056768]^{\frac{1}{6}}-1

= 1.1068 - 1

= 0.1068

or

= 0.1068 × 100%

= 10.68%

6 0
3 years ago
Other questions:
  • Say what type of learner you are independent learner, class-based learner, pragmatic,
    15·2 answers
  • Which of the following is NOT part of a typical resume?
    6·1 answer
  • Ensley Corporation has provided the following data concerning its only product:
    14·1 answer
  • Semiautomatic process has a fixed cost of $40,000 per year and variable cost of $30 per unit. An automatic process has fixed cos
    8·1 answer
  • Which management theory was based on understanding each part of a task, selecting the right workers, providing adequate training
    10·1 answer
  • DeLong Corporation was organized on January 1, 2017. It is authorized to issue 13,000 shares of 8%, $100 par value preferred sto
    10·1 answer
  • The richest 1% of the world's population owns more wealth than the rest of the 99% combined. True or False
    7·1 answer
  • The journal entry to record the purchase of materials on account in process cost accounting is a(n): Multiple choice question. i
    9·1 answer
  • isabella is writing her resume she doesnot have much work experience she think she should leave an empty section resume is this
    11·1 answer
  • chen is looking for information for a speech about starting your own business. what is the best example of a periodical chen mig
    9·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!