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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.

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The financial statements of Weston Office Supply include the following​ items:20172016Cash​ $43,500​ $50,000Shortminus−term Inve
aivan3 [116]

Answer:

The current ratio is 1.18 times

Explanation:

Current Ratio: The current ratio is that ratio which shows a relationship between the current assets and the current liabilities

The computation of the current ratio is shown below

Current ratio = Total Current assets ÷ total current liabilities

where,

Total current assets = Cash + short-term investments + net accounts receivable + merchandise inventory

=  $43,500 + $27,000 + $102,000 + $125,000

= $297,500

And, the total current liabilities is $251,000

Now put these values to the above formula  

So, the ratio would equal to

= $297,500 ÷ $251,000

= 1.18 times

The long term note payable is not a current liabilities,hence it is not considered in the computation part.

6 0
3 years ago
A thief steals an ATM card and must randomly guess the correct three​-digit pin code from a 9​-key keypad. Repetition of digits
ololo11 [35]

Answer:

The thief has a 0.11% probability of hitting the pin code on the first try.

Explanation:

Simply, if the ATM card has a 3-digit code that can be repeated, and the board has 9 numbers (for example, from 1 to 9), we must start from the smallest number that could be formed with these numbers to the highest number that these numbers could also compose, which in the case would be 111 and 999. Then, 889 different numbers could be formed (it is the distance between 111 and 999), with which the possibility of hitting the key to the first attempt would be 1 in 889 times, or 1/889.

To take the probability to a percentage, we must know that 889 / 8.89 gives 100. Therefore, dividing 1 / 8.89 we will know the percentage of probabilities of hitting the key on the first attempt: 1 / 8.89 = 0.11.

This shows us that the thief has a 0.11% probability of hitting the key on the first try.

8 0
3 years ago
Which of the following statements refers to rent seeking? "There is an opportunity cost whenever the federal government spends t
puteri [66]

<u>Answer:</u>

<u><em>Laws passed by the federal government often provide benefits for a small number of individuals. These individuals, in turn, have an incentive to contribute to the campaigns of politicians who pass these laws</em></u>

<u>Explanation</u>:

When individuals or firms cunningly try to get benefits from government at the detriment of others it term rent seeking.

Implying they seek shelter under this laws that benefit them the most.

For example, certain tax laws may favor the weather citizens of a country and they (the wealthier citizens) may take advantage of that.

3 0
3 years ago
Read 2 more answers
If the expected inflation rate is 4 percent and the nominal interest rate is 9 percent, the expected real interest rate is _____
goldenfox [79]

The real interest rate is simply nominal interest rate less the inflation rate. In equation form this is equivalent to:

Real interest rate = Nominal rate – Inflation Rate

Real interest rate = 9% - 4%

Real interest rate = 5%

<span> </span>

7 0
3 years ago
What percentage of business in America are home businesses?<br> A. 10%<br> B.33%<br> C.52%<br> D.67%
Free_Kalibri [48]

the answer is ( 52% )


4 0
3 years ago
Read 2 more answers
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