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
Ilya [14]
3 years ago
9

Yoshi operates a shoe store as a sole proprietorship. However, he is in poor health and may be unable to continue running the bu

siness. If Yoshi becomes incapacitated, his business
A. ceases to exist unless sold or taken over by Yoshi's heirs.
B. automatically continues under new management as a sole proprietorship.
C. becomes the property of the most senior employee who wishes to continue operating the firm.
D. automatically converts into a public corporation with stock sold to interested investors.
Business
1 answer:
Shalnov [3]3 years ago
6 0

Answer:

A. ceases to exist unless sold or taken over by Yoshi's heirs. 

Explanation:

A sole proprietorship is a from of business which is owned by one person. The owner is usually the decision maker.

One of the disadvantages of sole proprietorship is lack of continuity. The business usually ends when the owner dies. Although , family members can take over running the business.

I hope my answer helps you.

You might be interested in
Lisa Smith decided to start her CPA practice as a professional corporation, Smith CPA, PC. The corporation purchased an office b
Over [174]

Answer:

B. Historical cost principle

Explanation:

In accounting, historical cost principle indicates that a business or an organization must record and account for both assets and liabilities at their purchase or buying price. In points that during bookkeeping, while recording the worth of an assets, the purchase price used in buying it must be recorded. Here, Lisa bought the building for $35000 but recorded $50000 because she believes that to be the real value. By doing so, lisa has violated the historical cost principle concept.

4 0
3 years ago
Three-year Treasury securities currently yield 6%, while 4-year Treasury securities currently yield 6.5%. Assume that the expect
Reptile [31]

Answer:

The correct answer is 8%.

Explanation:

According to the scenario, the computation of the given data are as follows:

Let 1 year Treasury securities = t

So, Four year Treasury = [(Yield of 3 years Treasury × No. of year) + ( t × No. of  year)] ÷ Number of year

So, by putting the value, we get

6.5% = [(6% × 3) + ( t × 1)] ÷ 4

[(6% × 3) + t] = 6.5% ×4

t = 8%

So, the rate on 1-year Treasury securities three years from now is 8%.

4 0
3 years ago
The board of directors declared cash dividends totaling $160,000 during the current year. The comparative balance sheet indicate
Nikitich [7]

Answer: $164,300

Explanation:

Cash payments to stockholders shows the total amount that the shareholders of a company got during the year. It includes the money owed to them at the start of the year in addition to cash paid during the year.

= Beginning dividends payable + Dividends for the year - Ending dividends

= 43,200 + 160,000 - 38,900

= $164,300

8 0
3 years ago
Paid vacations and sick leave are
Talja [164]

Answer:

Endless supply of business, the business must pay the representative for unused paid downtime, including get-away, wiped out leave, and individual days. The government Family and Medical Leave Act enables qualified workers to take as long as 12 weeks of unpaid leave in specific situations.

7 0
3 years ago
Read 2 more answers
Select three situations when an agency can perform a warrantless search.
Eddi Din [679]
C or d im npt sure about d if its a emergency you would at least have to have permission from the owner of the property
8 0
3 years ago
Other questions:
  • Historical data shows that during the recession of 1990–1991, the natural rate of unemployment was about 5.9% while the actual u
    11·2 answers
  • Refer to the original data. assume that the company sold 18,000 units last year. the sales manager is convinced that a 10% reduc
    6·1 answer
  • When looking to increase the presence of a website, putting together your search engine optimisation plan will help you plan you
    5·1 answer
  • The distinction between fundamental and particular risks is important because a. normally only particular risks are insurable. b
    5·1 answer
  • Jacob applied for the position of a correspondent at The News Curator, a news agency in New Orleans, after he graduated. The new
    10·1 answer
  • Laura has an equity portfolio valued at $11.2 million that has a beta of 1.32. She has decided to hedge this portfolio using SPX
    8·1 answer
  • Bellingham Inc had the following activity last year:
    15·1 answer
  • A 4-year project has an annual operating cash flow of $51,000. At the beginning of the project, $4,200 in net working capital wa
    5·1 answer
  • One widespread trend under way in business today that will affect the goals of the organization you work for is: Select one: a.
    13·1 answer
  • The term inflation is used to describe a situation in which
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!