Answer:
Self Employed is the person working in a self owned business. Sole Proprietor is a person solely owning, managing a business.
Explanation:
Self Employment is the term used to depict <u>economic activity</u> of working for self owned organisation, rather than working for someone else. The self owned organisation could be entirely (solely) self owned - sole proprietorship, or co-owned by partners in a limited liability partnership
Sole Proprietor is a business entity owned, managed, run by a single entrepreneur. It is a business legal term given to an <u>economic organisation. </u>In this case, the proprietor necessarily has unlimited liability towards firm's claims. However, its not so always in case of self employment in LLC
For the answer to the question above,
we must use this formula,
(New - Old)/ (Ave. of New and Old)
In this case,
501k -500k/(500,500(which is the ave. of the two.
Then it would be 1k/500,500
Then the answer would be .0020
Then
-1.439.5/439.5 because this is the average of the two.
so the answer would be .0023
Then finally divide the rate on change of quantity by the rate of change in price which is
0.002/-0.0023
Then the answer would be -.87
So the elasticity on the demand of model T is .87 ( remove the negative because elasticity is always positive.)
Answer:
The depreciation expense for the year under units of production method is $ 132,000
Explanation:
Computation of depreciation expense under the units of production method
Total cost of equipment $ 850,000
Salvage value of equipment <u>$ ( 14,000)</u>
Depreciable basis $ 836,000
Estimated useful life in hours 38,000
Depreciation per hour of usage $ 836,000 / 38,000 $ 22 per hour used
Total usage during the year 6000 hours
Depreciation expense 6000 hours * $ 22 per hour $ 132,000
Answer:
$48,840
Explanation:
Given the data above, the operating cash flow is computed as;
= Costs - depreciation
= 94,700 - 20,700
= 74,000
Tax rate 34% × 74,000 = $25,160
Cash flow = 74,000 - 25,260 = 48,840
Answer: Inventory will fluctuate significantly during the year
Explanation:
If a make-to-stock manufacturing firm with highly seasonal demand follows a level production strategy, then the inventory will fluctuate significantly during the year.
When using a level production strategy, it should be noted that there will be an increase in the inventory during when there are low demand while there'll be a reduction in the inventory during the periods of high demand.
