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mario62 [17]
3 years ago
7

Choose the statements that CORRECTLY describe a business organization.

Business
2 answers:
vampirchik [111]3 years ago
6 0

Answer:

Sole Proprietorship and Partnerships both have unlimited liability.

An advantage to Corporations as a business organization is that they enjoy unlimited life and limited liability.

Explanation:

A disadvantage of both sole proprietors and partnerships business is having unlimited liability because if the sole proprietors and partnership businesses loss, they have to pay the debt by selling their assets.

Corporations cannot be dissolved if any director or executive officer dies, and owners are liable up to that portion they have invested for the corporation.

Anna11 [10]3 years ago
4 0

Answer:

A, C, and F. Simple.

Explanation:

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Fred and george have been in partnership for many years. the partners, who share profits and losses on a 60:40 basis, respective
Doss [256]
I'm not gonna tell u the answer but u have to set 60:40 as a ratio to set it as a ratio u put 60/40 and then simplify to simplify those two number u have to divide by ten and find the relationship of those two number after y simplify and get ur number u scale up or down so after All those u have a fraction and then do the steps all over to $10,000
6 0
3 years ago
suppose the following two events occur in the domestic market for radiologists: a. some hospitals are outsourcing some radiology
Zolol [24]

Answer:

The equilibrium quantity falls and the effect on the equilibrium wage of radiologists is indeterminate.

Explanation:

Here are the options to this question :

What is likely to happen to the equilibrium wage and quantity of radiologists following these twoevents?

A) The equilibrium wage and the equilibrium quantity of radiologists fall.

B) The equilibrium quantity falls and the effect on the equilibrium wage of radiologists is indeterminate.

C) The equilibrium wage falls and the effect on equilibrium quantity of radiologists isindeterminate.D

) The equilibrium wage and the equilibrium quantity of radiologists rise

As a result of event A, there would be a decrease in the demand for radiologists. As a result, there  would be a leftward shift of the demand curve for radiologist. This would lead to a reduction in equilibrium price and quantity

As a result of event B, there would be a decrease in the supply radiologists. As a result, there  would be a leftward shift of the supply curve of radiologist. This would lead to a reduction in equilibrium quantity and a rise in equilibrium price.

Taking these two effects together, the equilibrium quantity falls and the effect on the equilibrium wage of radiologists is indeterminate.

3 0
3 years ago
Preparing Adjusting Entries, Financial Statements, and Closing Entries
strojnjashka [21]

Answer:

1. Cash (Dr.) $145,850

Sales (Cr.) $145,850

2. Purchases (Dr.) $76,200

Accounts Payable (Cr.) $76,200

3. Accounts Payable (Dr.) $4,100

Cash (Cr.) $4,100

4. Prepaid Rent (Dr.) $24,000

Cash (Cr.) $24,000

5. Wages Expense (Dr.) $12,500

Cash (Cr.) $12,500

Wages Expense (Dr.) $350

Wages Payable (Cr.) $350

6. Depreciation Expense (Dr.) $1,700

Accumulated Depreciation (Cr.) $1,700

Explanation:

Journal entries are recorded for the business transactions. These transaction incurred in the business are recorded in the books of accounts. These journal entries then create Ledger and Trial balance.

3 0
3 years ago
A(n) ______ is defined as trying to earn a profit by providing goods and services that satisfy people's needs and wants.
Tema [17]

Every individual or business wants to make profit this is done by providing goods and services that satisfy people's needs and wants.

<h3>What is a business?</h3>

A business is an organization that aims at making a profit by providing goods and services that are desired by individuals also known as customers.

Business meets a need and gets profit in return.

Therefore, A Business is defined as trying to earn a profit by providing goods and services that satisfy people's needs and wants.

learn more on business here

brainly.com/question/24553900

3 0
2 years ago
______ - _____ property is any property such as clothing, a home, or a car, that is for purposes OTHER THAN use in a trade, busi
abruzzese [7]

Answer:

Personal-use

Personal

Real

Explanation:

There are three types of properties which are shown below:

1. Personal use: These properties which are used by a person for their personal purpose rather than business purpose like - clothing, jewelry, home, car for their comfort and enjoyment.

2. Personal: These include those properties which are movable or transferable for one place to other like - machinery, furniture, other building,  etc as per the needs.

3. Real: These properties include properties that are non-movable i.e land, building, canals, etc. This is also known as immovable properties.

6 0
3 years ago
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