The main government restrictions on sole proprietorship are as follows:
1.The zoning laws that are put in place specifies the areas of a city or a country where various types of business activities can be pursued.
2. Sole proprietorship has to obtain city or country license before they can operate their businesses.
3. Professional sole proprietorships such as doctors must be licensed by the state.
Answer:
psychomotor test
Explanation:
Since the test enabled the examiners to test Mohit's hand–eye coordination and arm–hand steadiness. In this scenario, Mohit most likely took a psychomotor test.
<u>Psychomotor is the relationship between cognitive functions and physical movement. Psychomotor learning is demonstrated by physical skills such as movement, coordination, manipulation, dexterity, etc</u>
<u>Psychomotor test has to do with the origination of movement in conscious mental activity.
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Most trade is due to the comparative advantage of an organization's ability to produce a good or service with lower marginal cost and opportunity cost.
As an example, we can cite trade between Africa and the United States, where Africa markets agricultural products such as corn and citrus to the US, and the US markets technological products such as computers to Africa.
Therefore, companies will use comparative advantage to acquire goods and services at lower prices than other competitors.
Learn more here:
brainly.com/question/7780461
Answer:
the depreciation expense recorded is $680
Explanation:
The computation of the depreciation expense under the straight-line method is shown below:
= (Purchase cost - residual value) ÷ (estimated life)
= ($17,500 - $1,180) ÷ ( 4 years)
= $4,080
Now the 2 months depreciation is i.e. from November to December
= $4,080 × 2 months ÷ 12 months
= $680
Hence, the depreciation expense recorded is $680
Answer:
Carriage Inc. should not invest in the new plant because the IRR of the project is less than its cost of capital.
Explanation:
The investment should NOT be made in the new plant because its internal rate of return is lower than Carriage's cost of capital.
In simple language since the return (IRR) that will be gotten from the new plant is LOWER than the cost (cost of capital), then the company is not making a profit if it invests in this new plant.
Generally, as a decision rule, a company should only invest when the IRR is higher than (or equal to) its cost of capital.