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Galina-37 [17]
3 years ago
14

Javier is the sole proprietor of a golf shop. Because he is a sole proprietor, any profit Javier’s business earn is ____________

__________A) totally tax-free.B) tax only once as Javier's personal income.C) Taxed twice once as business income, then again as Javier's income.D) reported on the company's tax return.
Business
1 answer:
Ede4ka [16]3 years ago
3 0

Answer:

The correct answer is option B.

Explanation:

A sole proprietorship is a business structure where there is only one owner of the business. The business and the owner are not a separate entity. The owner does not have to share profits but has unlimited liabilities.

The disadvantage is that debts of the business are owner's debts. But also all the profits goes to the owner. The owner is taxed only once as personal income tax.

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Market Corporation owns 100% of Subsidiary Corporation's stock. Market Corporation completely liquidates Subsidiary Corporation,
kykrilka [37]

Answer:

b. $400,000

Explanation:

According to the historical cost principle, the land or fixed assets should be reported in the financial statement with the purchase price or historical price.

In the given situation, the land receiving value is $400,000 and its fair market value or FMV is $500,000 and exchange value is $300,000

So, here the land should be recorded at $400,000. Hence, we ignored the fair market value and the exchanged value

6 0
3 years ago
Delta Services, Inc., is the major wholesale distributor of software in the state of Florida. Its closest competitor is Efficien
nata0808 [166]

Answer:

Market division

Explanation:

Basically this is Dividing territories (also market division) which is an agreement by two companies to stay out of each other's way and reduce competition in the agreed-upon territories.

In our case, Delta stays out fo Efficient's way and the latter does the same.

5 0
4 years ago
Susan williams runs a small flagstaff job shop where garments are made. the job shop employs eight workers. each worker is paid
slavikrds [6]

Labour Productivity is basically the worth of goods produced by each labour or collectively in an hour, This can be expressed in the formula below:

Labour Productivity per hour of work=\frac{Worth of Goods Produced}{Total Number of Labour Hours}

In order to find worth of goods we shall use below Formula:

Worth of Goods= Sale Price per Unit*Number of Units Sold

In given case there are 2 types of goods sold as below

1. Proper Garments

Worth of Goods Sold= $210*78 Garments

Worth of Goods Sold=$16380

2. Seconds

Worth of Goods Sold= $100*54

Worth of Goods Sold= $5400

Total Goods Sold= $5400+$16380

Total Worth of Goods=$21780

Total Hours Worked= No of Workers*Hours Worked each Worker

Total Hours Worked= 8*45

Total Hours Worked=360 Hours

Labour Productivity=\\ \frac{21780}{360}

Labour Productivity=$60.5 per Hour


3 0
3 years ago
When making decisions, evaluating your possible resources will help _____. a. Impose limits to possible choices b. Add weight to
Slav-nsk [51]
A impose limits to possible choices


I'm pretty sure.
4 0
3 years ago
Read 2 more answers
If you plan to take money out of the bank frequently, what type of account should you get?
kari74 [83]
B. A checking account
7 0
3 years ago
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