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Ipatiy [6.2K]
4 years ago
9

Which of the following is a false statement regarding a sole proprietorship?

Business
1 answer:
Kaylis [27]4 years ago
7 0

Answer:

E) A sole proprietor is not personally liable for the obligations of the business.

Explanation:

Sole proprietorship is a kind of business owned by one man. Characteristics of a sole proprietorship includes;

  • A sole proprietorship requires few legal formalities.
  • A sole proprietor has complete control of the management of the business.
  • The sole proprietor keeps all the profits from the business.
  • Profits are taxed as the personal income of the sole proprietor.

It is the oldest and simplest form of business.

The answer is a sole proprietor is not personally liable for the obligations of the business.

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Is Universal Social Charge, Income tax or Consumer tax? ​
skelet666 [1.2K]

Answer:

income tax

Explanation:

5 0
3 years ago
Read 2 more answers
You purchased one corn future contract at $2.29 per bushel. What would be your profit (loss) at maturity if the corn spot price
Evgesh-ka [11]

Answer: Loss of $950

Explanation:

You bought the contract at $2.29 per bushel.

The corn contract at the time was actually $2.10.

You bought the futures contract for more than the spot price for the same time period so this is a loss.

Loss = Loss per unit * number of units

= (2.29 - 2.10) * 5,000

= 0.19 * 5,000

= $950

3 0
3 years ago
Use a piece of scrap paper to prepare a cost of Goods Manufactured from the following numbers: Beginning Direct Raw Materials -$
Bezzdna [24]

Answer:

the total manufacturing cost is $215,000

Explanation:

The computation of the total manufacturing cost is shown below:

= Direct material used + direct labor cost + manufacturing overhead cost

= $69,000 + $92,000 - $8,000 + $25,000 + $37,000

= $215,000

Hence, the total manufacturing cost is $215,000

We simply applied the above formula

5 0
3 years ago
​Which of the following statements is most accurate? Group of answer choices ​Multimedia presentations are no longer used in the
Aleksandr-060686 [28]

Answer:

The Correct Statement is the Second Statement. Effective speaker look consider the nature and the needs of audience and then decide the type of visual aid.

Explanation:

Multimedia slides are extremely useful, and often helps in various ways to deliver your message. There is no doubt in it.

However, you can't say multimedia slides are the "one best way" to present.

In certain cases, depending on the audience, you might not need and multimedia slide at all!

Maybe you'll just have to use your body language, act out a drama or even sing a song to convey the message to the audience.

And apart from that, it the times of technical failures, where you cannot use the computer or any electrical devices, you'll have to use traditional methods too.

Moreover, if the audience is not "tech-savvy" and are more of a traditional nature, then traditional or pen and paper based methods might just work out!

5 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
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