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koban [17]
4 years ago
6

A proprietorship has three important advantages: (1) It is easily and inexpensively formed, (2) it is subject to government regu

lations, and (3) it is subject to lower income taxes than are . However, a proprietorship also has three important limitations: (1) A proprietor has personal liability for the business' debts. (2) The life of the business is limited to the life of the individual who created it. (3) A proprietorship has difficulty obtaining large sums of capital so proprietorships are used primarily for small businesses.
Business
1 answer:
Umnica [9.8K]4 years ago
5 0

Answer:

<em>A proprietorship has three important advantages: </em>

(1) It is easily and inexpensively formed,

(2) it is subject to few government regulations, and

(3) it is subject to lower income taxes than are corporations.

<em>However, a proprietorship also has three important limitations: </em>

(1) A proprietor has personal liability for the business' debts.

(2) The life of the business is limited to the life of the individual who created it.

(3) A proprietorship has difficulty obtaining large sums of capital so proprietorships are used primarily for small businesses.

As all company structures, proprietorships have both advantages and disadvantages. Although the advantages mainly relate to feasibility, the disadvantages are often overlooked. The main disadvantage is the total liability of the owner, which is detrimental if the business faces tough times, which lead to liquidation.

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Pepper Corporation owns 75 percent of Salt Company's voting shares. During 20X8, Pepper produced 50,000 chairs at a cost of $79
ludmilkaskok [199]

Answer: c. $1,422,000

Explanation:

The Cost of Goods that goes into the Consolidated income statement would be the goods that were sold to unaffiliated companies. The original cost of production would apply:

= Quantity sold to unaffiliated companies in 20X8 * Cost for Pepper

= 18,000 * 79

= $1,422,000

5 0
3 years ago
Detailed information which expands upon main areas of your business plan should be included in which portion of the plan?
Nostrana [21]

Appendices are detailed information that expands upon main areas of your business plan that should be included in which portion of the plan.

A business plan is a document that defines in detail an employer's goals and how it plans to gain its goals. A business plan lays out a written roadmap for the firm from advertising and marketing, monetary, and operational standpoints. both startups and hooked-up companies use commercial enterprise plans.

A business plan is a properly written document containing the goals of a business, the methods for reaching the one's dreams, and the timeframe for the success of the desires.

Correct plans are normally notably certain and consist of data on all elements of the business, which include the enterprise, advertising, finance, employees, and numerous running procedures. They may be unique, talk to all company employees, and require commitment from absolutely everyone.

Learn more about a business plan here brainly.com/question/1958071

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6 0
2 years ago
Sylvia and co. provides enrollment and recordkeeping services to widgeton inc. In this scenario, sylvia and co. is most likely?
Alexeev081 [22]

Sylvia and co. provides enrollment and recordkeeping services to the widget on inc. In this scenario, Sylvia and co. is most likely a third-party administrator.

The record holder tracks the assets of the pension plan. You can do other things, but a recordkeeper's main job is to keep track of how much money you have, where it's located, and what kind of money. Recording fees can be paid by the employer, the employee, or both.

In general, there are two types of document management systems: traditional paper document management systems and electronic document management systems. As the name suggests, traditional paper record keeping systems involve managing and storing printed documents.

Determining how long to retain records requires implementing a responsible records retention policy. The record retention schedule defines how long records are retained from an operational and legal perspective, and the timely and systematic destruction of obsolete records.

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7 0
2 years ago
Caribou Gold Mining Corporation is expected to pay a dividend of $4 in the upcoming year. Dividends are expected to decline at t
Margaret [11]

Answer:

r = 0.09 or 9%

Explanation:

Using the CAPM, we can calculate the required rate of return on a stock. This is the minimum return required by the investors to invest in a stock based on its systematic risk, the market's risk premium and the risk free rate.

The formula for required rate of return under CAPM is,

r = rRF + Beta * (rM  - rRF)

Where,

  • rRF is the risk free rate
  • rM is the market return

r = 0.05  +  0.5 * (0.13 - 0.05)

r = 0.09 or 9%

6 0
3 years ago
Explain in your own words the following statement: "Strategic partnering is encouraged when two or more business organizations h
Aleonysh [2.5K]

Answer and explanation:

Strategic partners are individuals or institutions that join efforts to accomplish their objectives. Each company does not lose its independence but is subject to a commitment to helping other organizations to take advantage of useful resources the company can offer.

Regardless of the type of business the individuals or organizations conduct, the partnering can be beneficial. <em>If the organization offer products that are complementary the partnering can be even more productive since those goods can be provided bundled which is likely to boost both parties' profits.</em>

7 0
3 years ago
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