1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
pickupchik [31]
2 years ago
8

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

Business
1 answer:
kkurt [141]2 years ago
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
Elson co, needs to raise debt and for this purpose issued two different bonds, Bond A and Bond B. Both bonds have 20 years to ma
slega [8]

Answer:

The right solution is "$20.733.16".

Explanation:

According to the question,

Face value,

= $20000

Rate (r),

= .035

Bond A:

= \frac{Face \ value}{(1+r)^n}

= \frac{20000}{(1+.035)^{40}}

= 5051.45 ($)

Bond B:

= \frac{1100\times 12.0941}{(1+.035)^{10}} + \frac{1400\times 10.9205}{(1+.035)^{26}} + \frac{20000}{(1+.035)^{40}}

= 9431.11+6250.6+5051.45

= 20733.16 ($)

5 0
2 years ago
Buster Evans is considering investing $20,000 in a project with the following annual cash revenues and expenses: Cash Cash Reven
Lady bird [3.3K]

Answer:

Accounting rate of return= 20%

Explanation:

<em>The accounting rate of return is the average annual income expressed as a percentage of the average investment.  </em>

<em>The simple rate of return can be calculated using the two formula below:  </em>

Accounting rate of return  

= Annual operating income/Average investment × 100  

Average investment = (Initial cost + scrap value)/2  

Average profit = Total profit over investment period / Number of years

Total revenue = 8000+12000+ 15000 + 20,000+ 20,000 = 75000

Total expenses= 8000 + 8000 + 9000 +10,000 + 10,000 = 45000

Cash profit = 75,000 - 45,000 = 30,000

Depreciation = 4000× 5 = 20,000

Accounting profit = Cash profit - Depreciation = 30,000- 20,000 = 10,000

Average profit = 10,000/5 = 2,000

Accounting rate of return = 2,000/20000× 100 = 20%

Accounting rate of return= 20%

6 0
3 years ago
My left shoulder hurts but I'm not sure if its torn or if i should work out today as well (its not soreness)
STALIN [3.7K]
Most likely you've pulled a muscle. The pain will probably go away in the next day or so, if not you should wrap it with a sprain cast in case you sprained it somehow. But definitely do not work out today. That could worsen it and make the pain more severe.

hope this helps!
5 0
3 years ago
Read 2 more answers
The demand for a product is likely to be more​ elastic:
vivado [14]

The demand for a product is likely to be more elastic if there is a presence of more time passes which is letter c. As a demand of a product will likely be affected with the price changes over the period of time. It is because a demand elasticity occurs when there is a presence of change in regards to the demand for goods, such examples are the income of the consumer.

6 0
3 years ago
Based on the following information: Assume that Forrest Company uses the LIFO accounting method. In year X1, Forrest reported th
Andru [333]

Answer:

a. $15,500

Explanation:

Based on LIFO, cost of 1500 unit sold will be entirely from the Purchases (year X1). Therefore, we have:

Value of units purchases (year X1) outstanding after sales = (2,000 - 1,500) * $11 = 500 * $11 = $5,500

Therefore, we have

LIFO Inventory on 12/31/X1 = Value of beginning Inventory (1/1/X1) + $5,500 = $10,000 + $5,500 = $15,500.

8 0
3 years ago
Other questions:
  • PLEASE HELP! 30 PTS!
    10·1 answer
  • Suppose a basket of goods and services has been selected to calculate the consumer price index. In 2005, the basket of goods cos
    8·1 answer
  • In 2020, Wimer Corporation, a service business, no longer qualifies as a small business. Thus, it must change from the cash to t
    9·1 answer
  • Annual production and sales level of Product A is 34,300 units, and the annual production and sales level of Product B is 69,550
    14·1 answer
  • The marketing challenge of making potential customers aware of the product's existence and its features, benefits, and uses is p
    14·1 answer
  • A typical payday loan carries an interest rate of about: A. 400 percent B. 31 percent C. 12 percent D. 7 percent
    9·1 answer
  • Wenjing purchases a bond for $2,000 with 12 remaining $40 quarterly coupon payments. The bond broker who sells her the bond reas
    13·1 answer
  • A door-to-door salesperson knocks on Mary's door and convinces her to purchase the Wonder Vacuum for $500. Soon after the salesp
    8·1 answer
  • Angela's bank gave her a 2-year add-on interest loan for $6,440 to pay for new equipment for her antiques restoration business.
    15·1 answer
  • In the context of a business where products and services are offered to customers, demand is created by the?
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!