1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
yKpoI14uk [10]
3 years ago
13

Marcus has decided to open an auto detailing business. He will pick up an automobile from the​ client, take it to his​ parents'

garage, detail​ it, and return it to the client. If he does all of the work himself and takes no legal steps to form a special​ organization, which type of business​ organization, in​ effect, has he​ chosen?
Business
1 answer:
AleksAgata [21]3 years ago
7 0

Answer:

A sole proprietor

Explanation:

His business is owned and run by one person, himself. There is no distinction between the owner and the business entity. It is possibly for him to hire emplyees is not required to do all the work.

Marcus receives all the profits and has responsiblity for the debts and losses which could arise from his enterprise. The debts of the autodetailing business are his.

You might be interested in
Nibbles pet food corporation is in the process of developing its new market strategy. the marketing team has already established
Semmy [17]

The marketing team need to <u>"create a promotion strategy to increase customer awareness."</u>


Promotion is the point at which a business chooses which types of communication it needs to use in their marketing plan. Research is done that points of interest statistical surveying, division, and spending plan. Huge organizations may complete a national crusade, particularly if the brand is as of now well-known to the purchaser. Littler organizations, with less assets, may utilize coordinate offering until the point when they have a bigger spending plan for advertising.

5 0
3 years ago
The area of accounting that serves the decision-making needs of internal users is referred to as (managerial/financial/research)
zepelin [54]

Answer: Managerial Accounting

Explanation:

Managerial accounting refers to the preparation of reports and analysis from the company's accounting information to enable managers decide the ways to go with a company.

This type of accounting is for internal use and so is not subject to the kind of scrutiny that financial accounting gets from accounting bodies such as IASB and the FASB.

An example would be the Supply Manager may ask for a report to be made showing them the increase in supply costs for the past decade from their preferred supplier to enable them make a decision on if to find a new supplier.

5 0
3 years ago
In 2020, Miranda records net earnings from self-employment of $193,800. She has no other gross income. Determine the amount of M
lozanna [386]

Answer:

the self employment tax on 92.35% of your net income as self employed by 15.3% = $193,800 x 92.35% = $178,974.30

Miranda will pay social security (OASDI) taxes for the first $137,700 = $137,700 x 6.2% x 2 = $17,074.80

Her Medicare taxes will be calculated using $178,974.30 x 1.45% x 2 = $5,190.25

total self employment taxes = $17,074.80 + $5,190.25 = $22,265.05

Miranda can deduct 50% of her self employment taxes from her AGI = $22,265 x 50% = $11,132.50 ≈ $11,133

8 0
2 years ago
Your company incurs a cost for fire insurance, which in the short run, is fixed. What happens to the cost in the long run? In th
amid [387]

Answer:

The correct answer is it becomes variable cost.

Explanation:

In the short run there are fixed costs and variable costs which sum up the total costs incurred. This is because in short run not all factors are variable, some factors are fixed as well. So, expenses on fixed factors come under fixed and those on variable factors come under variable costs.

In the long run though, all the factors are variable. All factors can be changed. So there are no fixed costs in the long run run. All the costs incurred on all factors become variable costs.

3 0
3 years ago
Is the economic term for the total money circulating at any one time in a country.
lisabon 2012 [21]
I think the correct answer is “Money supply”
3 0
3 years ago
Other questions:
  • Liza has found two jobs she is interested in applying for. One job is at a fast food restaurant that pays $8.50/hour for flippin
    14·1 answer
  • What are four important factors to remember before making a career decision?
    8·1 answer
  • A demand curve:
    11·1 answer
  • RKO Company sold bonds with a face value of $850,000 for $910,000. The bonds have a coupon rate of 8 percent, mature in 10 years
    7·1 answer
  • Company X has a good whistle-blowing program in place. Sara used the whistle-blowing system to alert the management about a frau
    8·1 answer
  • Capes Corporation is a wholesaler of industrial goods. Data regarding the store's operations follow: Sales are budgeted at $280,
    12·1 answer
  • Describe the challenges and opportunities of globalization in a ""flattened"" world.
    6·2 answers
  • These too. Again I will post more
    13·1 answer
  • How could government – sponsored grants for the private development of new technologies result in a lower national debt?
    14·1 answer
  • Which of the following is a legal philosophy that holds that either the employee or the employermay dissolve the employment arra
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!