Answer:
The statement is: True.
Explanation:
Sole proprietorships are businesses where the owner is the only individual in charge of the entity and the operations. This type of entity is easy to create and dismantle because there are not many regulations for them. The sole proprietor does not pay corporate taxes since the business income is included in the personal tax return the owner sends to the <em>Internal Revenue Service</em> (IRS).
<em>Sole proprietorships represented approximately 73% of businesses in the U.S. during 2011, according to the Census Bureau.</em>
Answer:
$54,000
Explanation:
The opportunity cost is that cost which can be given the benefit out of the given options. In another way, it would be select the best alternative option which gives you the best results or benefits.
In the given case, Allison earns $54,000 in her first year of employment and if she works with her father she earns an annual salary of $38,000. So, the opportunity cost, in this case, would be $54,000
Answer:
C
Explanation:
the manager should not have included the names because even though they were newly appointed, individuals join and leave and the company.
The manager made a mistake including the names of the individuals assigned to the roles and responsibilities, because these individuals were newly appointed and although they have played an active role in reviewing and providing feedback on the policy people join companies at anytime and also have the choice of leaving whenever they want.
The following journal entries are to be passed in the books of Moses Supply co. for the year.
<u>Explanation:</u>
date particulars and details debit credit
nov 1 Notes receivable 60000
cash 60000
Dec 11 Notes receiavble 3600
sales 3600
Dec 16 Notes receivable 12000
Accounst receivable 12000
Dec 31 Interest receivable 760
Interest revenue 760
<u>Interest calculation is as follows:</u>
Nov 1 Interest = $60000 multiply 7% multiply 2 by 12 = $700
Dec 11 Interest = $3600 multiply 8% multiply 20by 365 = $16
Dec 16 Interest = $12000 multiply 9% multiply 15 by 365 = $44
Total = $760
Consumer cost is everything the consumer must surrender in order to receive the benefits of owning/using the product.
Customer cost includes the price of a product as well as the expenditures associated with its purchase, use, and aftercare. Purchase expenses are made up of the expenditures associated with product research, information collecting, and information acquisition.
The price of a product is only a small portion of its overall cost to the consumer. The additional costs of delivery, use, and ultimately disposal of the goods fall on the consumer. The overall consumer cost is the sum of these expenses (TCC).
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