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mariarad [96]
3 years ago
7

Please answer the following questions in essay form: 1-You have decided to become an entrepreneur and form your own business org

anization. Which type of business organization would you set up? Explain why you selected to set up that type of business organization for your new business.
Business
1 answer:
exis [7]3 years ago
7 0

I would like to form a sole - trading business .,Because I Am the only boss for my business firm

Explanation:

The reasons for choosing sole - trading business ...,

Because I Am the only boss for my business firm  It needs low start-up costs  I should enjoy maximum privacy. Establishing and operating procedure of business is simple. it's easy to change my legal structure later if any change occurs. As a sole trader i can retain all the profits from my business, rather than having to share them with other shareholders or partners. As well as profit retention, as a sole traders i may also retain my ownership of my personal assets used in the business.

But i know that as the owner of my own business I will be  personally liable for all business losses and liabilities. The benefits is more than the con's.,so i have decided to form a sole - trading business

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5 0
3 years ago
Barry is a single, 40-year-old software engineer earning $190,000 a year and is not covered by a pension plan at work. How much
Anna007 [38]

Answer:

Barry cannot contribute any amount to Roth IRA

Explanation:

For a single/ unmarried individual to be able to contribute to Roth IRA plan, his Adjustable Gross Income (AGI) should range between $117,000 and $132,000. Since Barry's annual income is $190,000, which is higher than the maximum AGI required for a single to be able to contribute to Roth IRA, he cannot contribute to Roth IRA.

3 0
3 years ago
Budgeted sales in Acer Corporation over the next four months are given below: September October November December Budgeted sales
katovenus [111]

Answer:

c. $161,400

Explanation:

The computation of the cash collections for December month is shown below:

Cash sales

= $160,000 × 30%

= $48,000

Credit sales

For same month  = $160,000 × 50% × 70% = $56,000

For one month = $180,000 × 30% × 70% = $37,800

For second month = $140,000 × 20% × 70% = $19,600

So, the total cash collections is

= $48,000 + $56,000 + $37,800 + $19,600

= $161,400

4 0
4 years ago
Selvig and Anzer, a military weapons manufacturer, is divided into different organizational units—the S&A Logistics, which h
Marysya12 [62]

Answer:

departmentalization

Explanation:

The departmentalization is a means to organize the activities of the company, in order to facilitate the achievement of its objectives, it consists in the coordination in the combination and / or adequate grouping of the activities necessary for the organization in specific departments.

6 0
3 years ago
Listed as follows are various costs found in businesses. Classify each cost as a fixed or variable cost, and as a product and/or
m_a_m_a [10]

Shipping costs on merchandise sold s an example of a variable cost

<h3>What is variable cost?</h3>

Variable costs are costs that change as the quantity of a good or service produced by a business changes. Variable costs are the total of marginal costs across all units manufactured. They can also be considered standard expenses. The two components of total cost are fixed costs and variable costs.

Variable costs are costs that change with volume. Raw materials, piece-rate labour, production supplies, commissions, delivery costs, packaging supplies, and credit card fees are examples of variable costs.

Formula for Variable Cost. To calculate variable costs, multiply the cost of producing one unit of your product by the total number of products produced. This formula is as follows: Total Variable Costs = Cost Per Unit x Unit Count

To know more about variable cost follow the link:

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5 0
2 years ago
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