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3 years ago

Why might a someone organize his or her business as a sole proprietorship?

1 answer:

8 0

Some one might prefer to organize his or her business as a sole proprietorship because :
- They had enough capital to fund their business by their own without the help of any investors
- They don't like to give any controls over their business to other people (which will be the case if they formed a corporation or a firm)
- They only run a small scale business

You might be interested in

First mover advantages refers to the benefits a firm may achieve by entering a new market or developing a new product or service

OLga [1]

There are several first mover advantages including:

-Brand recognition: better chance of being recognized if you were the first to do something

- Economies of Scale: learn how to perfect and grown in the market before other competitors come along

-Switching costs: when customers are established with the first brand they are less likely to want to spend the money to switch to a new competitor

5 0

3 years ago

Crowl Corporation is investigating automating a process by purchasing a machine for $793,800 that would have a 9-year useful lif

Vsevolod [243]

Answer:

Simple rate of return is 5.8%

Therefore option (a) is correct option.

Explanation:

It is given that purchase cost = $793800

Company saving per year = $133000

Yielding = $21200

Annual depreciation = $88200

Annual profit = $133000 - $88200 = $44800

Net investment is equal to = $793800 - $21200 = $772600

Simple rate of return $=\frac{44800}{772600}=0.0579$

= 5.8%

Therefore simple rate of return is 5.8 %

So option (a) is correct.

6 0

3 years ago

From a vantage point very close to the track at a stock car race, you hear the sound emitted by a moving car. You detect a frequ

yuradex [85]

Answer:

The speed of the car is 67.77 m/s and it is moving away from the observer.

Explanation:

The apparent frequency is given as

$f' = f\dfrac{ [v - vo]}{ [v - vs]}$

Here

o is the observer

s is the source which is car

v is the speed of sound = 343 m/s

f = true frequency emitted by the car (when stationary)

f ' = 0.835 f

$f' = f\dfrac{ [v - vo]}{ [v - vs]}\\0.835 f= f\dfrac{ [v - vo]}{ [v - vs]}\\0.835 = \dfrac{ [343 - 0]}{ [343 - vs]}\\0.835=\frac{343}{343-x}\\x=-67.77 m/s$

The speed of the car is 67.77 m/s and it is moving away from the observer.

5 0

3 years ago

Mayo Corp. has estimated that total depreciation expense for the year ending December 31, 2018 will amount to $600,000, and that

Vanyuwa [196]

$900,000

Depreciation for the year $600,000
Employee bonuses $1,200,000
Total expenses for the year 1,800,000
Expenses to be reported in interim income statement 1,800,000=$900,000

3 0

2 years ago

What GPA do you need to get into the Junior Honor Society?

serious [3.7K]

Answer:

you need a 4.0 gpa to be in the junior honor society

Explanation:

cause

3 0

3 years ago

Read 2 more answers