All categories

3 years ago

A business owned and run by a single individual who has rights to all profits is known as

Business

1 answer:

tankabanditka [31]3 years ago

7 0

The correct answer is choice A.

A business with only one owner is called a sole proprietorship. This owner has rights to all of the profits and does not have to share them with anyone.

You might be interested in

Given below are lease terms at the local dealership. What is the total cash

adell [148]

Answer:

1) 2,475

down payment+security deposit+acquisition fee= total cost

sorry if I miss something

4 0

3 years ago

Any object or objects that a group of people use to buy and sell goods and services is called: Group of answer choices capital a

Ivan

When people are able to use a certain object or objects to buy and sell goods and services, this is called Money.

<h3>What is money?</h3>

Simply put, money is a medium of exchange that allows people to exchange goods and services such that both parities to a transactions feel they got a fair deal.

This means that money can be anything ranging from hard currency, to other goods and services. For instance, if you used an apple to buy another apple, the first apple is money.

In conclusion, an object that allows people to trade for other goods and services is called Money.

Find out more on the purposes of money at brainly.com/question/3182649

#SPJ1

6 0

1 year ago

Record the following selected transactions for April in a two-column journal, identifying each entry by letter: (put letter into

hodyreva [135]

Answer:

Required 1.

Cash $18,000 (debit)

Capital $18,000 (credit)

Equipment $27,000 (debit)

Cash $10,000 (credit)

Note Payable $17,000 (credit)

Rent Expense $2,300 (debit)

Cash $2,300 (credit)

Supplies $1,500 (debit)

Trade Payable $1,500 (credit)

Trade Receivable $9,800 (debit)

Revenue $9,800 (credit)

Cash $7,500 (debit)

Revenue $7,500 (credit)

Trade Payable $1,200 (debit)

Cash $1,200 (credit)

Wages $3,425 (debit)

Cash $3,425 (credit)

Cash $7,900 (debit)

Trade Receivables $7,900 (credit)

Capital $1,875 (debit)

Cash $1,875 (credit)

Required 2.

Cash = $14,600 (debit)

Capital = $16,125 (credit)

Equipment = $27,000 (debit)

Note Payable = $17,000 (credit)

Rent Expense = $2,300 (debit)

Supplies = $1,500 (debit)

Trade Payable = $300 (credit)

Trade Receivable = $1,900 (debit)

Revenue = $17,300 (credit)

Wages = $3,425 (debit)

Required 3.

Debit Credit

Cash $14,600

Capital $16,125

Equipment $27,000

Note Payable $17,000

Rent Expense $2,300

Supplies $1,500

Trade Payable $300

Trade Receivable $1,900

Revenue $17,300

Wages $3,425

Totals $50,725 $50,725

Explanation:

Account Balance Calculations :

Cash = $18,000 - $10,000 - $2,300 + $7,500 - $1,200 - $3,425 + $7,900 -$1,875 = $14,600 (debit)

Capital = $18,000 - $1,875 = $16,125(credit)

Equipment = $27,000 (debit)

Cash = (credit)

Note Payable = $17,000 (credit)

Rent Expense = $2,300 (debit)

Supplies = $1,500 (debit)

Trade Payable = $1,500 - $1,200 = $300 (credit)

Trade Receivable = $9,800 - $7,900 = $1,900 (debit)

Revenue = $9,800 + $7,500 = $17,300(credit)

Wages = $3,425 (debit)

3 0

3 years ago

Two alternatives, code-named x and y, are under consideration at guyer corporation. costs associated with the alternatives are l

nikdorinn [45]

Answer:

Two alternatives

Costs of alternatives:

The financial disadvantage of alternative y over alternative x is $28,800.

Explanation:

a) Data and Calculations:

Costs of alternatives:

alternative x alternative y

materials costs $ 45,000 $ 65,300

processing costs $ 49,400 $ 49,400

equipment rental $ 18,400 $ 18,400

occupancy costs $ 17,600 $ 26,100

Total costs $ 130,400 $ 159,200

Difference in costs = $28,800

b) The financial disadvantage of alternative y over alternative x is the increased cost incurred with alternative y over alternative x. While the total cost of alternative x is $130,400, alternative y has a total cost of $159,200, which is $28,800 more than the total costs of alternative x. The implication is that alternative y costs more than alternative x, making alternative x is a preferred alternative where cost is the determinant of the chosen option.

3 0

3 years ago

Following a systematic plan for the preparation of an e-mail, memo, letter, or oral presentation will make the composition proce

Alex777 [14]

Answer:

Explanation:

3 0

3 years ago