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
neonofarm [45]
3 years ago
8

Decide which business structure makes the

Business
1 answer:
Tpy6a [65]3 years ago
7 0

Answer:

a. Sole proprietorship

b.

1. Its easy to form and manage

2. The sole proprietorship structure offers an easy way to file tax returns

3. The business owner also enjoys all the profits made from the business.

Explanation:

When starting a business, the most important decision the one can ever make is the type of business structure that best defines your business. The type of business structure chosen will determine the amount of tax liability, amount of paperwork to be done and the type of liabilities to be faced. These are all factors that need to be considered when choosing a business structure, to ensure a more efficient running of a business structure. Consider an editing and proof reading business. Editing and proof reading service are always needed in the market. One can start as a freelance, then explore other ways to attract more clients. Luckily, there are platforms that where people can gain access to more freelancing jobs and offers. This is a small business idea that only needs access to a personal computer that is internet enabled. The working hours are also flexible since one can chose when to work.

The best business structure for such a business would be sole proprietorship. The reasons for choosing this type of structure are as follows;

1. Since it's a business that I would like to do alone, sole proprietorship is the best choice of structure to go for due to it's simple structure. It is easy to form and manage.

2. The sole proprietorship structure offers an easy way to file tax returns due to the fact that all the expenses and income from your business can be included in your personal income tax return.

3. The business owner also enjoys all the profits made from the business.

You might be interested in
If an entrepreneur needs help with valuation, they should ______. turn to online sites like BizBuySell and BizQuest rely on the
rodikova [14]

If an entrepreneur needs help with valuation, they should turn to online sites like BizBuySell and BizQuest.

<h3 /><h3>How can sites like BigBuySell help entrepreneurs?</h3>

This type of website aims to help entrepreneurs with new business ideas, management tools, and gather opportunities to buy, sell and promote a business.

To be a successful entrepreneur, it is necessary for the individual to have knowledge of the market and the inherent risks, which can be positive, such as opportunities for business expansion, or negative, such as accumulated debt.

Some characteristics of successful and competitive entrepreneurs in the market are:

  • Planners
  • Communication skills
  • Market view
  • Innovation

Therefore, persistence and planning is essential when starting a new business, generating creative and innovative solutions that meet the wants and needs of potential consumers.

Find out more about entrepreneurship here:

brainly.com/question/18294953

#SPJ1

6 0
2 years ago
What happens to price when the cost of resources rise or fall?
ziro4ka [17]
Price: The value of goods and services that consumers need to pay in order to get it

Cost: The money needed to manufacture a good

So, if the manufacturing costs increase, the Yota expenditure is also likely to increase. As producers want to maintain or even increase profit margins to satisfy shareholders, the price they set for consumers are also likely to increase.

On the other hand, if there is a decrease in cost of resources, the producer is likely to produce more at every price level. Therefore, lowering the price. It is the law of supply.
8 0
3 years ago
Zhao Co. has fixed costs of $354,000. Its single product sells for $175 per unit, and variable costs are $116 per unit. The comp
Elden [556K]

Answer:

Contribution margin income statement for the year ended December 31, 2019

Sales (10,000×$175)                              1,750,000

Less Variable Costs (10,000×$116)      (1,160,000)

Contribution                                             590,000

Less Fixed Costs                                    (354,000)

Net Income/(loss)                                    236,000

Explanation:

Variable Costing Income = Contribution - Fixed Costs

8 0
3 years ago
If businesses follow regulations, financial disasters are far less likely.
lys-0071 [83]

Answer:

True

Explanation:

All businesses, regardless of type or size, must abide by statutes and regulations. Laws comes from all levels of government. Some laws apply to specific sectors, but the majority addresses the entire industry.

Regulations deal with business registration, licensing, and employee compensation. Laws related to professional bodies such as lawyers or doctors must be adhered to by relevant businesses.  Governments impose regulations on taxation, statutory deduction, and safety in the workplace.

Following regulations protects the customers, employees, and businesses.  An employee who follows the law knows what is expected of them. Following rules will save the company from lawsuits. Employees will feel confident and motivated when they work for a company that follows the law.

Not following the law will cause problems with the tax authorities.  It may lead to misrepresentation of financial records or expose employees to hazardous work environments.  Such a business will most likely face may lawsuits that come along with huge costs. Not following the law may lead to the collapse of a company.

6 0
3 years ago
Kristen saved for over a year so that she could afford a trip to the super bowl if her favorite team won the title. she was exci
EleoNora [17]

Answer:

This is effort justification

Explanation:

Kristen is justifying the effort of going to the Superbowl. She is saying she had a good time even though her team lost and the game was boring.

5 0
3 years ago
Other questions:
  • A publisher of photography books finds that it is cost-effective to print 10,000 or more at a time. But a bookstore orders only
    15·1 answer
  • In addition to teaching some amount of tolerance, the crusades also encouraged ______.
    12·1 answer
  • a machine produces 374 bolts in 33 minutes. At the same time rate how many minutes would it take to produce 272 bolts
    14·1 answer
  • Memmie: The greater the population near a restaurant, the more potential customers it has and the greater chance its popularity
    10·2 answers
  • In a market with positive​ externalities, A. the efficient level of production is less than what competition will obtain. B. the
    12·1 answer
  • New customers may be turned over to account servicing salespeople referred to as
    13·1 answer
  • Runners Feet, a shoe store, orders one hundred pair of athletic shoes from Speedster Inc. Absent a contrary agreement between th
    12·1 answer
  • . The market price of Northern Mills stock has been relatively volatile and you think this volatility will continue for a couple
    13·1 answer
  • You live near the beach and want to give snorkeling lessonsYou estimate that after expenses , you can earn $10 per lesson. Each
    12·1 answer
  • Equipment cost $67,200 and is expected to be useful for 8 years and have no salvage value. unde the straight line method, monthl
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!