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kirza4 [7]
3 years ago
8

Which of the following business ownership structures is the simplest and easiest to set up?

Business
1 answer:
victus00 [196]3 years ago
4 0

Answer:

C. Sole Proprietorship

Explanation:

Sole Proprietorship is a business owned and less capital required business that can be operated, it is can be operated even by an individual with a simple setup such as a table and a chair in a garage.

With Limited Liability Company (LLC), there are a lot of legal requirements to be reached before setting it up, such as putting in place board of directors, internal auditors and external auditors, mentioning few.

With Partnership it requires two or more individuals in order to operate in addition to a partnership deed.

With Corporation it is similar to the LLC

Thus Sole proprietorship is the simplest and easiest to set up.

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Billy Thornton borrowed $140,000 at a rate of 7.25%, simple interest, with interest paid at the end of each month. The bank uses
kolbaska11 [484]

Answer:

$845.83

Explanation:

The computation of the interest is shown below:

= Principal × rate of interest × number of days ÷ (total number of days in a year)  

= $140,000 × 7.25% × (30 days ÷ 360 days)

= $845.83

Simply we applied the simple interest formula by multiplying the principal, interest rate and the time period so that it can arrive with the correct amount

3 0
3 years ago
Did juice wrld actually die? Or did he fake his death?
Neporo4naja [7]

Answer:

he actually died

Explanation:

he died of an accidental drug overdose which caused him to have a seizure.

6 0
3 years ago
Read 2 more answers
Economists expect the firm to maximize __________, the laborer to accept the best __________, and the consumer to find the combi
algol13

Answer:

The correct answer is option d.

Explanation:

The firms are expected to maximize profits, the laborers are expected to accept the best offer and the rational consumer is expected to choose the bundle of good that maximizes utility.

Firms will produce the output level where their profits are maximized. The consumer will consume at the level where their total utility is maximized and the laborer will accept the best offer to maximize his benefit.

7 0
3 years ago
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Receivables; bad debts and returns; Symantec [LO7-4, LO7-5]
Hitman42 [59]

Answer:

1. Accounts receivable due = Accounts receivable + Allowances

2008

= 760,100 + 26,259

= $786,359

2009

= 840,810 + 23,936

= $864,746

2. Amount of receivable written off = Beginning balance for Allowance for doubtful accounts + Bad debt - Closing balance for allowance for doubtful accounts

= 9,200 + 3,400 - 9,148

= $3,452

3. Gross sales = Net Sales + Sales returns

Sales Returns = Closing balance for reserve for product returns + goods returned - Opening balance for reserve for product returns

= 14,788 + 3,440 - 17,059

= $1,169

Gross sales in 2009 = 6,244,800 + 1,169

= $‭6,245,969‬

4. Cash collected = Credit Sales - Goods returned - Bad debts written off - Ending receivables balance + Beginning receivables balance

= ‭6,245,969‬ - 3,440 - 3,452 - 864,746 + 786,359

= $‭6,160,690‬

6 0
2 years ago
The cost of financing the national debt (in terms of average interest rate paid on the debt) has generally _____ over the last 3
Sloan [31]
<span>d) stayed the same would be the answer </span>
7 0
2 years ago
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