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3 years ago

Which of the following is a disadvantage of partnerships compared to sole proprietorship

Business

1 answer:

Vanyuwa [196]3 years ago

6 0

Answer:

C.It is sometimes difficult for partners to agree on every business decision.

Explanation:

In partnerships, the company is owned by several people who held the status as 'Partners'. Everytime the company wants to make a decision, they need to ensure that the majority of these 'partners' agree on the decision. Often time, problem might occurs if the partners have different ideas on how the company should be operated.

In sole proprietorship, only one person held the position as the owner. This mean that the person has full authority in determining the type of decision that should be implemented for the business.

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he company rented an office for $ 3600 per month starting from January 1, 2018. On that day, ABC prepaid the rent through June

pickupchik [31]

Answer:

The balance in the Prepaid Rent account as of April 30, 2018 = $7,200

Explanation:

Monthly rent = $3,600

Rent paid on 1 January = $3,600 $\times$ 6 = $21,600

Out of which Prepaid Rent = $3,600 $\times$ 5 = $18,000

for 5 months

Prepaid rent account as on April 30 balance will be of rent for May and June,

That is $3,600 $\times$ 2 = $7,200

Only this amount will be outstanding in prepaid rent as for the month till April each month rent would have been adjusted from February to April.

Final Answer

The balance in the Prepaid Rent account as of April 30, 2018 = $7,200

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3 years ago

The concept of opportunity cost would no longer be relevant if.

Anastaziya [24]

Answers
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Explanation

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3 years ago

Read 2 more answers

On September 30, Year 1, Payne, Inc. exchanged some of its shares for all of the common stock of Salem, Inc. in a business combi

MrRissso [65]

Answer:

Payne should exclude Salem's January 1, Year 1, Retained Earnings and income for January 1 to September 30 from consolidated Retained Earnings and consolidated income

Explanation:

The Retained Earnings of Salem on January 1, Year 1 and and its income during the period between January 1 and September 30 would not be included in the Year 1 consolidated financial statements.

The reason is that The Retained Earnings of Salem on January 1, Year 1 and and its income during the period between January 1 and September 30 are part of the equity of the shareholders that that Payne acquired on September 30, Year 1. They would then be eliminated in the eliminating entry of the consolidating investment.

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3 years ago

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Makovka662 [10]

Answer:

Setting short term goals now helps you reach long term goals later

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3 years ago

The 7-year $1 comma 000 par bonds of Vail Inc. pay 9 percent interest. The market's required yield to maturity on a comparab

Makovka662 [10]

Answer:

a) Yield to maturity = 8.14%

b) The value of the bonds = $917.99

c) Since market value of bond is higher than book value of bond. So investor should not purchase the bond.

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3 years ago