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
puteri [66]
3 years ago
13

Which is an example of a proprietorship?

Business
1 answer:
Solnce55 [7]3 years ago
7 0

"C is correct answer." Gloria's flower shop is an example of a proprietorship. "Hope it helped you!" "Have a great day!" "Thank you so much!"

You might be interested in
This days shout out is for millytilltip and alex and itscharleyo if you guys want to be in a shout out on brainly pls friend me
Maru [420]

Answer:

Thx lol!!!!

Explanation:

8 0
3 years ago
Read 2 more answers
The power of a labor union weakens when the company introduces technologies that replace the need for the union's members. techn
icang [17]

Technology is a substitute for employees

6 0
2 years ago
Culver owns 80 percent of the common stock of Fowler Company. Culver also purchases some of Fowler's bonds directly from Fowler
ratelena [41]

Answer:

c

Explanation:

3 0
3 years ago
Scarbrough Corp. factored $600,000 of accounts receivable to Duff Corp. on October 1, year 2. Control was surrendered by Scarbro
Virty [35]

Answer:

Scarbrough will receive and record cash of $538,685

The journal entry to record this transaction would be:

                             Debit        Credit  

Cash                 $2,900,300  

Interest Expense $89,700  

Notes Payable                 $2,990,000

Debit Cash for $2900300, debit Interest Expense for $89700, and credit Notes Payable for $2990000

Explanation:

In order to calculate the amount Scarbrough will receive and record cash we would have to make the following calculation:

Scarbrough will receive and record cash=Receivables-Amount of the hold back-Withheld as fee income-Less: Withheld as interest expense

Receivables= $600,000  

Amount of the hold back=$600,000 x 5%=$30,000  

Withheld as fee income=$600,000 x 3%=$18,000  

Withheld as interest expense=$600,000 × 15% × 54/365=$13,315  

Therefore, Scarbrough will receive and record cash=$600,000- $30,000-$18,000-$13,315=$538,685

Scarbrough will receive and record cash of $538,685

According to the given data to journal entry to record this transaction would be the following:

 

                              Debit        Credit  

Cash                 $2,900,300  

Interest Expense $89,700  

Notes Payable                 $2,990,000

Interest Expense=$2,990,000 x 3%=$89,700

5 0
3 years ago
Assume that three identical units of merchandise were purchased during October, as follows: Units Cost October 5 Purchase 1 $5 1
den301095 [7]

Answer:

Cost of merchandise sold = $ 28

Gross profit = $ 13

The ending inventory under the LIFO method = $ 18

Explanation:

Given:

October 5,

Purchased units =  1

Unit cost = $5

on October  12,

Purchased units = 1

Unit cost = $ 13

On October 28,

Purchased unit = 1

Unit cost = $ 15

Total cost of the 3 units purchased = $33

Now, the unit sold on October 31 will be the unit purchased in the end i.e on October 28

thus,

Cost of merchandise sold = $ 28

Gross profit = Selling price of the unit - Unit price of purchase

or

Gross profit = $ 28 - $ 15 = $ 13

now, the ending inventory under the LIFO method = $ 5 + $ 13 = $ 18

4 0
3 years ago
Read 2 more answers
Other questions:
  • Under the FINRA Conduct Rules, a broker-dealer may charge a customer all of the following services except:_______.a. collection
    12·1 answer
  • Exporting only after receiving unsolicited foreign inquiries is best described as:________.a. Direct exporting.b. Indirect expor
    14·1 answer
  • TunaCo purchases 25% of Stanley, Inc. on January 1 of the current year for $500,000. This acquisition gives TunaCo the ability t
    15·1 answer
  • A quorum to do business in either house of congress is whenever a is present
    15·1 answer
  • The University of Michigan football stadium, built in 1927, is the largest college stadium in America, with a seating capacity o
    7·1 answer
  • Which of the following movements started in Great Britain in the early 1980s when then Prime Minister Margaret Thatcher started
    6·1 answer
  • If fixed costs are $200,000 and the unit contribution margin is $20, what amount of units must be sold in order to have a zero p
    8·1 answer
  • Wasilko Corporation produces and sells one product. a.The budgeted selling price per unit is $114.Budgeted unit sales for Februa
    5·1 answer
  • Can somebody help me with this honestly im just to lazy (35 points)
    9·2 answers
  • True or False: Restaurants rarely adjust the amount they purchase of items
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!