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olga_2 [115]
3 years ago
13

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.

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18. You have $$42,180.53 in a brokerage account, and you plan to deposit an additional $5,000 at the end of every future year un
melomori [17]

Answer:

it takes 15 years 10 months to  reach your goal.

Explanation:

The Fixed deposits are in the form of an ordinary annuity.

The Future Value of this Ordinary Annuity must be $207,819.47 ($250,000 - $42,180.53)

Thus find number of years that the fixed deposits would amount to $207,819.47.

Using a Financial Calculator enter the following data to calculate the period, N.

PMT = $5,000

P/yr = 1

r = 12 %

FV = $207,819.47

N = ?

Thus the number of years, N it takes to  to reach your goal is 15.7921 or 15 years 10 months.

6 0
3 years ago
How can a nation benefit from effectively exporting its goods??
ale4655 [162]

B) its businesses can invest in the future

8 0
2 years ago
Read 2 more answers
A company looking to expand internationally with little risk would choose?
leva [86]

Answer:

  • Licensing
  • Franchising

Explanation:

There are no options but Licensing as well as Franchising are some of the least riskiest ways to expand internationally.

With Licensing, the company looking to expand simply sells licenses to various companies in different countries giving them the right to use their image. Basically, the company the license is sold to gets access to the seller's intellectual property but then can run their business with a significant degree of autonomy.

Franchising represents another way to expand with little risk. It involves a company giving a license to another company to sell and sometimes produce their products as well as image rights. The company will give the franchisee (company that gets the license) the knowledge and training required to maintain the franchise and in exchange, franchisee pays a fee.

Both of these methods ensure that the name and brand of a company spread internationally whilst making money from it. Risk is minimized because the investment in other countries is low to nothing.

3 0
3 years ago
On October 1, Eder Fabrication borrowed $60 million and issued a nine-month promissory note. Interest was payable at maturity. I
7nadin3 [17]

Answer:

cash        55,110,929 debit

   note payable      55,110,929 credit

--to record singing of promissory note with discounted interest--

interest expense 1.583.741,77 debit

   note payable              1.583.741,77 credit

--to record accrued interest on note payable --

Explanation:

the note plus interest will be for 60 millions.

So to calcualte the isuance ofthe note we must calculate the present value of a lump sum at 12% discount rate:

\frac{Maturity}{(1 + rate)^{time} } = PV  

Maturity  60,000,000.00

time   0.75

rate  0.12

\frac{60000000}{(1 + 0.12)^{0.75} } = PV  

PV   55,110,929.18

then at December 31th we solve for the accrued interest:

Principal \: (1+ r)^{time} = Amount

Principal 55,110,929.18

time 0.25 (3 months over 12 month a year)

rate 0.12000

55110929.18154 \: (1+ 0.12)^{0.25} = Amount

Amount 56,694,670.95

accrued interest: 56,694,670.95 - 55,110,929.18 = 1.583.741,77

8 0
3 years ago
On January 1, 2020, Sunland Company purchased land for an office site by paying $2680000 cash. Sunland began construction on the
SIZIF [17.4K]

Answer:

Sunland Company

The amount of interest cost to be capitalized during 2020 is:

= $948,000.

Explanation:

a) Data and Calculations:

Cost of purchased land = $2,680,000

Construction expenditures:

Date                        Expenditures:

January 1, 2020       $ 1,780,000

April 1, 2020              2,530,000

May 1, 2020               4,490,000

June 1, 2020             4,720,000

Total expenditure $13,520,000

Weighted-average accumulated expenditures = $4,300,000

Debts:

January 1, 2020, 9%, 3-year note payable = $3,650,000

January 1, 2020, 12%, 6-year note payable balance = $1,400,000

Interests capitalization:

Weighted-average accumulated expenditures = $451,500 ($4,300,000 * 10.5%)

3-year note payable = $328,500 ($3,650,000 * 9%)

6-year note payable balance = $168,000 ($1,400,000 * 12%)

Total interest to be capitalized = $948,000

8 0
3 years ago
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