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3 years ago

1. Which advantage is not enjoyed by the owner of a sole proprietorship?

Business

1 answer:

gayaneshka [121]3 years ago

8 0

The correct answer to 1 is the ability to easily raise financial capital.

A sole proprietor is limited to the cash that they personally have, so this is a disadvantage when they need additional capital for the business.

The correct answer to 2 is that their personal property can be used to pay debts.

A partnership is personally responsible for the debts of the company. If the company owes money and cannot pay it, the partners that own the business are personally responsible.

The correct answer to 3 is the shareholders.

The shareholders are the owners of the corporation. They vote for a board of directors who in turn oversee the operation of the corporation.

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Technical skills are the ability to Multiple choice question. perform tasks such as filing tax forms or assembling a keyboard tr

lara [203]

Answer:

perform tasks such as filing tax forms or assembling a keyboard

Explanation:

Technical skills are the capabilities that could permits you for performing the specific physical kind of task. Like if the people who worked in various fields such as maths, computer science, mechanics so they could be worked because of the technical skills they have

So basically here the task could be formed it can be any kind of task like filling the taxation return or its forms, or assembling the keyboard etc

Therefore the first option is correct

4 0

3 years ago

A high-interest savings account pays 5. 5% interest compounded annually. If $300 is deposited initially and again at the first o

Arte-miy333 [17]

For the given question, the summation that represents the money in account is:

$\begin{aligned}\sum_{10}^{n=1}316.5(1.055)^{n-1} \end{aligned}$

The principal amount if compounded annually, the formula that represents the amount to be received after n years is:

$\rm A = P(1 + \dfrac{r}{100})^t$ where A is the amount received after compounding, P is the principal, r is the rate of interest and t is the tenure.

<h3>Solution:</h3>

Given:

Annual interest rate(r) is 5.5%

Principal is(P) $300

Tenure is(t) 10 years

On substituting the values in the formula $\rm A = P(1 + \dfrac{r}{100})^t$

The amount received after compounding at the end of 1 year will be:

$\rm A = 300(1 + \dfrac{5.5}{100})^1\\
\\
A=300(1.055)\\
\\
A=\$316.5$

Similarly, the amount to be received after 2 years will be:

$316.5+316.5(1.055)$

The amount received after 10 years will be:

$316.5+316.5(1.055)+316.5(1.055)^2+.......$ upto 10 years

Therefore the summation that represents the money in account after 10 years is:

$\begin{aligned}\sum_{10}^{n=1}316.5(1.055)^{n-1} \end{aligned}$

Learn more about compound interest here:

brainly.com/question/25857212

5 0

2 years ago

Double taxation is a disadvantage of a corporation because the corporation has to pay income taxes at twice the rate applied to

yaroslaw [1]

Answer:

False

Explanation:

Dual taxable is a tax concept that refers to taxes on income taxed twice from the same.
It can arise if income is earned mostly at the personal and corporate rates. For international commerce or spending double taxation often happens when the same income is taxed for two various countries.
Dual taxation is a condition that concerns every company when the corporate and personal profits are taxed.
The business will pay corporate income tax before any gains are available to investors.

7 0

3 years ago

The graph shown below shows the relationship between the age of drivers and the number of car accidents per 100100100 drivers in

scoray [572]

Your Answer Is B.

Hoped I Helped

4 0

3 years ago

Read 2 more answers

The main feature of fractional reserve banking is that banks:

Klio2033 [76]

Answer:

c) keep a portion of deposits in reserves but lend out the rest.

Explanation:

Fractional reserve banking -

It is the system , where the fraction of the bank deposits are backed by the actual cash money on hand and is for the withdrawal purpose .

This helps to expand economy of the country , by lending more .

The bank reserves certain amount with itself and the rest amount is given for the lending purpose .

5 0

4 years ago