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pickupchik [31]
3 years ago
8

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

Business
1 answer:
kkurt [141]3 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
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Explanation:

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7 0
3 years ago
Tirri Corporation has provided the following information: Cost per UnitCost per PeriodDirect materials$ 7.05 Direct labor$ 4.20
Kazeer [188]

Answer:

Contribution margin per unit= $12.85

Explanation:

Giving the following information:

Direct materials$ 7.05

Direct labor$ 4.20

Variable manufacturing overhead$ 1.55

Sales commissions $ 1.15

Variable administrative expense$ 0.40

<u>To calculate the contribution margin, we need to use the following formula:</u>

Contribution margin per unit= selling price - total unitary variable cost

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8 0
3 years ago
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Blababa [14]
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8 0
3 years ago
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To protect certain fledgling industries, the government of country Z banned imports of the types of products those industries we
KIM [24]

Answer;

A

Explanation:

two types of industries are made mention of in this question.

1)Local Fledgling Industries

2)Export Dependent Industries,who are being forced to buy products from local industries now.

Since the Government has placed a ban on the importation of the products that are being made by the local fledgling industries. The implication of this is that:

1. Buyers of those import products will experience a rise in the Cost of those products as the competition faced by the Fledging industries decreases.

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7 0
3 years ago
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Answer:

The company should recognize d. $120,000 loss on disposal

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First, the company calculates the carrying amount of the asset by using the original cost of the asset, minus all accumulated depreciation and any accumulated impairment charges.

Then, subtract this carrying amount from the sale price of the asset. If the remainder is positive, it is a gain and if the remainder is negative, it is a loss .

In Wonder Company:

The carrying amount of the asset = $720,000 - $360,000 = $360,000

Sales price -  carrying amount of the asset = $240,000 - $360,000 = -$120,000 <0

The company should recognize $120,000 loss on disposal

5 0
3 years ago
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