All categories

3 years ago

2. Explain the strengths of a sole proprietorship and wn

Business

1 answer:

adoni [48]3 years ago

6 0

Explanation:

strengths:

1. He or she enjoys all the profit

2. easy to start up

3. decision making is quick

4.he or she can vary the hours of work

weakness:

1.there is lack of finance

2. lack of specialised staff

3.the owner bears all the risk

4.there is unlimited liability

who might start a sole proprietor business

1. a person that wants to be their own boss.

2.extra income.

3.the entrepreneur might think he will make more money working for his self than others.

You might be interested in

Best Buy Co, Inc., is a leading retailer specializing in consumer electronics. A condensed income statement and balance sheet fo

IRISSAK [1]

Answer

A)=1.47655 times

B)0.74 times

C)1.94 times

D)26.2 times

Explanation

The formulas and calculations are shown below:

1-A)the current ratio for Best Buy for its fiscal year ended January 28, 2017.

= Total Current assets ÷ total current liabilities=[10516 ÷ 7122]

=1.47655

1-B)the acid-test ratio for Best Buy for its fiscal year ended January 28, 2017 can be calculated below as

Quick assets = Cash and cash equivalents + short-term investments + Accounts receivable (net)

=2240 + 1681 + 1347=5268

the current liabilities = 7122

If we substitute the values into the above expresion, we have

=$ 5652 ÷ $7122

= 0.74 times

1-C.) the debt to equity ratio for Best Buy for its fiscal year ended January 28, 2017.

Debt equity ratio = (Total debt ÷ Shareholders’ Equity)

where,

Total debt = Total current liabilities + Long-term liabilities

Total current liabilities =$ 9147

the Shareholders’ equity is $4709

If we substitute the values we have,

$9147 ÷$ 4709

= 1.94 times

1-D. Calculate the times interest earned ratio for Best Buy for its fiscal year ended January 28, 2017 can be calculated as

Times interest earned ratio = (Earnings before interest and taxes) ÷ (Interest expense)

Earnings before interest and taxes = Income before income tax + Interest expense + income tax expense

$1854 - $38 + $72

=$1888

Interest expense=$72

Then substitute into above expresion, we have

=$ 1888 ÷$ 72

= 26.2 times

6 0

3 years ago

Which statement concerning monopolistic competition is false? a. Long-run equilibrium under monopolistic competition and pure co

11111nata11111 [884]

Answer:

b. Monopolistic competition is likely to result in a greater variety of product brands than pure competition.

Explanation:

Monopolistic competition is a competitive structure in which few companies operate in an industry that offers the same type of service or product, but differences. In this way each firm holds the relative monopoly of the product. For example, in the toothpaste market, companies sell the same product (toothpaste) but each company tries to differentiate their product from others.

In the competitive structure, several companies sell various products in a free competitive regime, having no monopoly power. Thus, the number of companies and products is infinitely larger than in monopolistic competition.

5 0

3 years ago

Lisa is choosing between three alternatives:

Y_Kistochka [10]

Opportunity cost is something you gave up to do the other thing you want to do. This is basically the loss of potential gain you can have on a certain alternative because of choosing the other alternative. In this problem, the opportunity cost of writing the term paper is $140 dollars. This can be break-down as follows:

a. $60 opportunity cost she has given up for not working on her job

b. $80 opportunity cost she has given up for not going out with a friend

7 0

3 years ago

Read 2 more answers

Effective teams translate their common purpose into ________ goals.A) universalB) genericC) vastD) specificE) diverse

Lynna [10]

Answer: The correct answer is "D) specific".

Explanation: Effective teams translate their common purpose into SPECIFIC goals.

For a team to be successful, its common purpose must be established as specific objectives, that can be measurable and that are realistic, that is, its achievement is possible.

These specific objectives are of great help to simplify communication and keep teams focused on obtaining results.

4 0

3 years ago

_____ can be disseminated using a variety of media or forms, including memos, letters, emails, instant or text messaging, faxes,

il63 [147K]

Answer:

b. Written communication

Explanation:

Written communication -

It refers to the written or typed manner of sending messages via bulletins , telegrams , reports , circular , letters etc , is referred to as written communication.

This type of communication can have the record for future reference .

It is a fast way of to transfer any data or information.

The method is less flexible.

The method can be used for any type of legal documentation.

It is perfect for long distance communications.

The communication can be done with many person at one time.

Hence , from the given information of the question,

The correct term is b. Written communication.

It is a formal method of communication and is less flexible. A written document preserved properly becomes a permanent record for future reference.

4 0

3 years ago