Which of the following is a disadvantage to choosing a sole proprietorship business structure? The owner has personal responsibility for the company's liabilities.
A sole proprietorship is the simplest business form that can be operated. A sole proprietorship is owned by one individual and they are responsible for all of the debts the company has. The business is ran by one person and there is no distinction between the person and the business, both fall under the same number (social security number) when filing taxes.
Answer:
3,000 units and 1,950 units
Explanation:
For computing the equivalent units of ending work in process for materials and conversion cost, first we have to determine the ending work in process units which is shown below:
Ending work in process units = Beginning inventory + units started - units completed and transferred
= 2,500 units + 18,000 units - 17,500 units
= 3,000 units
Now the equivalent units of ending work in process for materials would be
= 3,000 units × 100%
= 3,000 units
And, for conversion cost it would be
= 3,000 units × 65%
= 1,950 units
Answer:
The income taxes figure of $203,000 is missing from the information provided:
The net income from the budgeted income statement is $466,520
Explanation:
The multiple step income statement differentiates operating revenue from non-operating revenue,operating expenses from one off non-operating expenses as operating gains and losses from non-operating ones
North Company budgeted income statement
Total sales revenue $2,190,100
Variable costs of sale($24*50,220) ($1,205,280)
Gross profit $984,820
Selling and administrative expenses ($305,300)
Profit before interest & taxes $678,940
Interest expense ($10,000)
Income taxes ($203,000)
Net income $466,520
It keeps prices fair for consumers who are trying to buy there products.
- R3KTFORGOOD ☕
Answer: June's leadership style could best be categorized as <u>authentic</u>
Explanation:
The authentic leadership is an approach of leadership that focus on the construction of leader legitimity through honest relationships with followers.