<span>Premiums are one consumer promotional tool where goods are offered at either a free or low cost to entice consumers to buy the product because of its. This allows companies to move products that they may have difficulty selling without the price reduction or that have low demand among consumers.</span>
Answer:
Unlimited liability
Explanation:
Unlimited liability means that
owners of businesses are liable to pay all the debts incurred by the business.
A sole proprietorship refers to owner of a business which has no distinct legal entity from its owner. It is not a legal entity because the owner can not be separated from the business and all the debts incurred by the business will be borne or paid by the owner.
An example of a sole proprietor is a barber who has his business registered with the corporate affairs commission. It therefore means that all the debts incurred by the business will be borned by the owner.
Answer:
$1,545,000
Explanation:
The formula to compute the cost of the building equal to
Rate of return = (Rental income - expenses) ÷ (cost of building
)
where,
Rate of return = 8%
Rental income equals to
= ($600 × 4 units + $750 × 4 units + $725 × 4 units + $800 × 4 units) × 12 months
= $138,000
Total expense
= $1,200 × 12 month
= $14,400
Now the cost of building would be
8% = ($138,000 - $14,400) ÷ (cost of building
)
8% = $123,600
So, the cost of building equal to $1,545,000