No formal steps are necessary to create a sole proprietorship. True or false?

Due to the rise of large-scale production, the influx of peasants to urban areas to find work, and the development of a system o

Strike441 [17]

Answer:

Barter system

Explanation:

Barter system - it is system of exchanging the good and service with others good and service in that return. the main point to note in this is that medium of offering services and goods is ignored i.e. money.

these type of system is used in society from centuries and long time back before money was introduced.

8 0

3 years ago

Executives at Whole Foods Markets believe that their competitive advantage depends upon

serg [7]

High-End Experience

3 0

3 years ago

(14 points) A financial analyst determines that Cyclone Company has $54 million of interest bearing debt outstanding and 3,800,0

-Dominant- [34]

Answer:

CYCLONE COMPANY

a. Value r Harsh total

Interest bearing debt $54,000,000 0.03969 2,143,260

Common share(3,800,000*$45.60)173,280,000 0.0972 16,842,816

227,280,000 18,986,076

Weighted average cost of capital = 18,986,076/227,280,000 =

= 0.0835 = 8.35%

r for debt = 6.30%*( 1 - 0.37) = 3.969% = 0.03969

b. cost of equity = D/P = $2/$45.60 = 0.0439 = 4.49%

c. D1 = D(1+g)

$2.70 = $2(1 + g)

1+g = $2.70/$2

1 + g = 1.35

g = 1.35 - 1 = 0.35

g = 35%

Explanation:

8 0

4 years ago

During the year, Kiner Company made an entry to write off a $16,000 uncollectible account. Before this entry was made, the balan

Eduardwww [97]

Answer:

The correct option is B,$198,000

Explanation:

The balance in allowance for uncollectible accounts was standing at $18,000 and it was decided to write-off $16,000 off the this existing balance,which implies that the balance left in the allowance for uncollectible account to set off against accounts receivable is $2,000($18,000-$16,000).

Invariably,the net realizable value of accounts receivable is $198,000($200,000- $2,000).

The correct option hence is B, $198,000

7 0

4 years ago

If the United States wanted to reduce the cost of its goods in foreign markets, it could ________ its currency.

Kruka [31]

Answer:

Devalue its currency

Explanation:

Exchange Rate is the conversion rate of domestic & foreign currency.

Eg $1 = _ € .

Devaluation means deliberate fall in value of domestic currency in terms of foreign currency (increase in foreign exchange rate) , under fixed exchange rate by government.

Eg : $1 = 5€ - change to - $1 = 7€ . This implies dollar can purchase less amount of euro , and has depreciated.

However , this would also lead to reduce the cost of its exports in foreign (here European market) , because US $ has become cheaper in terms of their currency & hence so have been their goods.

3 0

4 years ago