One of the major disadvantages of a sole proprietorship is

Business

1 answer:

stepladder [879]3 years ago

3 0

Answer:

One of the major disadvantages of a sole proprietorship is Unlimited Liability The Owner Has For The Debts Of The Firm.

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The June 30, 2021, year-end trial balance for Askew company contained the following information: Account Debit Credit Inventory,

user100 [1]

The cost of goods sold for the Askew Company for the year ending June 30, 2021 is $233,000.

Using this formula

Cost of goods sold=Beginning Inventory+ Net purchases- Ending Inventory

Where:

Beginning Inventory=$32,000

Net purchases=($240,000-$6,000-$10,000+$17,000)=$241,000

Ending Inventory=$40,000

Let plug in the formula

Cost of goods sold=$32,000+$241,000-$40,000

Cost of goods sold=$233,000

Inconclusion the cost of goods sold for the Askew Company for the year ending June 30, 2021 is $233,000.

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4 0

2 years ago

All competitive advantages have:________1. a limited life. 2. unrestricted sustainability. 3. protections against imitability. 4

dimulka [17.4K]

Answer:

The answer is the ability to earn above average returns indefinitely

Explanation:

To earn above the average returns are form of returns in excess of what an investor expects to earn from other investments with similar amount of risk. This gives an ability to manufactures to produce at the lowest cost, which is an advantage to organizations.

7 0

3 years ago

Read 2 more answers

You are planning to save for retirement over the next 30 years. To do this, you will invest $750 per month in a stock account an

Alex

Answer:

The withdrawals will be of $ 11,379.014 per month

Explanation:

Future value of the annuities:

$C \times \frac{1-(1+r)^{-time} }{rate} = PV\\$