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
Two traditional economies are trying to industrialize. The leaders of the first favor a command economic system. The leaders of
attashe74 [19]

Answer:

In the country that promotes free-market economy is expected to start seeing firms arriving in this country and invest in those activities where this country has a comparative advantage.

Explanation:

This would lead to an efficient allocation of productive resources taking the economy to optimum production. The technology and tools will rapidly spread, and the industrialization process will be achieved. In the other country, investment and technology implementation is lead by the government allocating resources inefficiently and delaying industrialization.

8 0
3 years ago
If the government uses tax money to pay for long-term investments such as roads or other infrastructure, what happens to the eco
coldgirl [10]

Is this a theory type of question?

If it is and if it took place under president Calvin Coolidge then taxes likely would have gone up.

If you are talking about now, then investment might go up but in order to pay for it, the government will just print more money, so that taxes shouldn't go up.

I'd pick C.

4 0
3 years ago
Read 2 more answers
According to the article, what should you do if you suspect your boss of unethical business practices?
Aleksandr-060686 [28]

Answer:

Report it to the right person

Explanation:

According to the article titled "What to do when you spot your employer doing something illegal" written by Catherine Conlan.

It says the best thing to do is to report it to the right person.

This is evident when it is stated in the article that "If you reasonably believe your employer is doing something illegal or unethical, you should first bring it to your supervisor’s attention... If it’s your supervisor you suspect, exhaust the chain of command within the company.

Hopefully, the company will investigate the matter. If no one within the chain of command responds, then there is generally a government agency with whom one can file a complaint,"

8 0
3 years ago
The price component of a marketing mix is:
Murljashka [212]

Answer: the correct answer is a. a competitive weapon for companies

Explanation:

Pricing has an important role as a competitive weapon to help a business exploit market opportunities. Pricing also has to be consistent with the other elements of the marketing mix, since it contributes to the perception of a product or service by customers.

7 0
3 years ago
In its most recent annual report, Appalachian Beverages reported current assets of $54,000 and a current ratio of 1.80. Assume t
svetlana [45]

Answer:

Current Ratio - Transaction 1 = 1.6666  rounded off to 1.67

Current Ratio - Transaction 2 = 1.6388  rounded off to 1.64

Explanation:

The current ratio is a measure of liquidity which measures the amount of current assets a business has to pay off each $1 of current liability. It is calculated as follows,

Current Ratio = Current Assets / Current Liabilities

We know the initial current ratio and current assets. The initial current liabilities will be,

1.8 = 54000 / Current Liabilities

Current Liabilities = 54000 / 1.8

Current Liabilities = $30000

Transaction 1

The result of transaction 1 will be that the current assets will increase by $6000 as inventory increases and the current liabilities will also increase by $6000 as accounts payable are increasing. The new current ratio will be,

Current Ratio - Transaction 1 = (54000 + 6000)  /  (30000 + 6000)

Current Ratio - Transaction 1 = 1.6666 rounded off to 1.67

Transaction 2

The result of transaction 2 will be that the current assets will decrease by $1000 as payment for truck which is a fixed asset is made partly by cash and the current liabilities will not increase as the note signed for the remaining payment of the truck is due after 2 years thus it is a non current liability. The new current ratio will be,

Current Ratio - Transaction 2 = (54000 + 6000 -1000)  /  (30000 + 6000)

Current Ratio - Transaction 2 = 1.6388  rounded off to 1.64

5 0
2 years ago
Other questions:
  • Explain what is meant by market research.​
    8·1 answer
  • AAA's inventory turnover ratio is 20.00 based on sales of $28,400,000. The firm's current ratio equals 4.16 with current liabili
    12·1 answer
  • Technology can be helpful and increase learning in the classroom true or false
    12·1 answer
  • A famous quarterback just signed a contract for $18.6 million, providing $3.1 million a year for 6 years. A less famous receiver
    8·1 answer
  • If there is capital flight from the United States, then the demand for loanable funds a. shifts left while the supply of dollars
    7·1 answer
  • Walberg Associates, antique dealers, purchased the contents of an estate for $75,000. Terms of the purchase were FOB shipping po
    10·1 answer
  • Which of the following LEAST affects the location of an industry
    13·1 answer
  • The death of a promisor in a personal services contract discharges an agreement. However, if a promisor dies, other types of con
    6·1 answer
  • Which would be most helpful when considering a large expenditure that might require repeating payments? Select three options.
    12·1 answer
  • Many developed countries have deindustrialized and are transitioning to a postindustrial economy. A. Identify and describe the e
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!