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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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An entrepreneur borrows $500,000 today. The interest rate is 11.5%. If the entrepreneur makes annual payments of $70,000 per yea
love history [14]

Answer:

After 18.44 year loan will be paid

Explanation:

We have given an entrepreneur borrows $500,000 today.

So total amount is $500000

Annual payment is of $70000

Rate of interest r = 11.5 %

We have to find the time period

We know that total amount is given by

A=P(1+\frac{r}{100})^n, here A is total amount , P is yearly paid amount, r is rate of interest and n is time period

So 500000=70000\times (1+\frac{11.25}{100})^n

7.142=1.1125^n

Taking log both side

log7.142=nlog1.1125

n\times 0.0463=0.8538

n = 18.44 year

So after 18.44 year loan will be paid

6 0
3 years ago
GANTT refers to the Generalized Activity Network Tracking Technique which was developed to better understand how variability in
RSB [31]

Answer:

False

Explanation:

A Gantt chart is named that way because it was originally developed by Henry Gantt. A Gantt chart represents a project schedule and it depicts the relationship between the activities that are being carried out and their schedule status. It includes the start and finish dates of the project's main activities, tasks, dependencies and milestones.

6 0
3 years ago
Explain how growth in the demand for​ Australia's natural resources would affect the demand for Australian dollars in the foreig
aleksley [76]

Answer:

The question here is that of the balance of trade and the principles of demand and supply.  

According to the Economics principles of demand and supply, when demand is high, prices follow in the same direction and the currency appreciates in value.

So, on one hand, when the demand for Australia's natural resources increases, because the legal tender recognised within Australia's borders is its own currency, trading partners are forced to convert from their currency into the Australian dollars thus creating an increased demand for the currency.

On the other hand, if the value of a countrys imports is more than the value of its export transactions, the opposite would happen, that is, its currency depreciates or loses value.

Cheers!

6 0
3 years ago
When the government imposes taxes on buyers or sellers of a good, society A. loses some of the benefits of market efficiency. B.
maksim [4K]

Answer:

A) loses some of the benefits of market efficiency.

Explanation:

Taxes always result in deadweight losses. Deadweight loss refers to allocative inefficiencies resulting from an alteration in the equilibrium quantities and economic surplus.

Taxes always increase the price of goods or services, and that increase reduces the equilibrium quantity, therefore resulting in lower economic surplus (lower consumer surplus and lower supplier surplus). The price of a good or service is higher, decreasing the quantity demanded, but the net amount received by the supplier is lower, decreasing the quantity supplied.

4 0
3 years ago
Suppose that dunkin donuts solicited a group of customers to provide feedback on its products over time; for example, completing
LekaFEV [45]
The answer is panel data. It is also known as longitudinal data or cross-sectional time series data is data that is resulting from a (typically small) number of comments over time on a (typically large) number of cross-sectional units like individuals, households, firms, or governments. In the field of econometrics and statistics, panel data talks about to multidimensional data that generally includes measurements over some period of time. As such, panel data contains researcher's explanations of numerous occurrences that were collected over numerous time periods for the same group of units or entities.
6 0
3 years ago
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