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2 years ago

If a sole proprietorship fails, the owner of the business will _______

Business

1 answer:

OLEGan [10]2 years ago

7 0

Answer:

If a sole proprietorship fails, the owner of the business will pay all business debts.

Explanation:

A sole proprietorship can be described as a business that is established by a single person and he/she solely is the owner of that business set up. All the profits earned by the company would be received by the sole trader. Likewise, the sole trader would be the person to pay all taxes for the company.

In case the sole proprietorship fails, the sole trader would be the only person who would have to pay all the debts.

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Process costing would be most likely used by a A. salsa company. B. soft drink manufacturer. C. cereal company. D. all of the ab

Lana71 [14]

Answer:

All of the above would use process costing.

Explanation:

Process costing can be defined as a method of assigning manufacturing costs whereby the cost of each unit produced is assumed to be the same cost for every unit.

Process costing is most commonly applied when goods are produced in large numbers and when the costs linked to individual units cannot be easily differentiated from each other.

Under process costing, costs rise over a fixed period of time, and are then assigned to all the units produced throughout that period.

4 0

2 years ago

At a local business school, there is a toasted submarine sandwich process that uses a conveyor-fed oven. ( See picture below) Al

dem82 [27]

Answer:

b. 20 sandwiches

c. 25 sandwiches

Explanation:

1. I added this diagram of the flow chart as an attachment

Hourly capacity of sandwich making process:

Time it makes to 1 sandwich: 2 + 12 + 1 = 15

The time alice spends when making one sandwich = 2 + 1 = 3

oven uses 12 minutes to process one sandwich, so in 12 minutes, alice can can make 12/3 sandwiches = 4

The Oven can take 5 subs at a time,

So in one hour, the making process

= 60/3 = 20 sandwiches

To calculate Hourly capacity with additional employee:

Alice takes 2 minutes

Additional employees takes 1 minute

Oven uses 12 minutes to make one sandwich

It's only after every 2 minutes Alice can put one sandwich. The oven can take only 5 sandwiches.

So in an hour:

Since oven can take 5

Sandwiches at a time, therefore one sandwich takes,

12 / 5 = 2.4 minutes.

In 1 hour number we have number of processed sandwich as

60 / 2.4 = 25

At hourly capacity with additional employees we have 25 sandwiches

5 0

2 years ago

The U.S Department of Labor and the Organization for Economic Co-operation and Development have reported that the average age of

navik [9.2K]

Answer:

The answer is: FALSE

Explanation:

The US total workforce is not expected to decrease, not even because the baby boom generation may start to retire. The total labor force in the US was estimated to be 160 million people in January 2018. The total labor force has been steadily increasing since 1960 except during the great recession period between 2009 and 2011.

4 0

2 years ago

The United States has accused China of Multiple Choice contributing to the skyrocketing price of aluminum. reducing barriers in

marta [7]

Answer:

exacerbating the global glut of steel by investing in additional production.

Explanation:

The United States Government under President Trump accused China of promoting overcapacity in production of steel and aluminium (that is industrial overcapacity).

This over-production of steel has distorted the global market by facilitating excess exports.

However China has been taking steps to reduce excess steel production although such efforts have been inadequate.

Even less has been done about the overproduction in the aluminium industry

6 0

3 years ago

Yowell Company began operations on January 1, Year 1. During Year 1, the company engaged in the following cash transactions: 1)

Verizon [17]

Answer:

$11,000

Explanation:

Data provided as per the requirement of net income for year 1 is here below:-

Provided consulting services = $50,000

Paid rent expense = $12,000

Paid employees salaries = $27,000

The computation of net income for Year 1 is shown below:-

Net income for Year 1 = Service revenue - Rent expense - Salary expenses

= $50,000 - $12,000 - $27,000

= $11,000

Therefore for computing the Net income for Year 1 we simply applied the above formula.

8 0

3 years ago