Answer:
True
Explanation:
The given statement asserts a true claim that 'having a sole proprietor in a business mars the growth and expansion of the business' and the primary reason behind this is that his/her ability to upraise funds for further expansion is limited but the liability is unlimited. It restricts the person to enhance the business. Secondly,<u> it is extremely difficult for a single individual to manage employees, day-to-day responsibilities, paying debts, etc. and this is why the life of most of such businesses are very short except for a few</u>. Thus, the assertion is true.
Your insurance will be cancelled
They are using the Dual income and no kids method
My answer -
it determines how much
they charge you in interest if you carry a balance. Lower is better.
The percentage interest is what they charge you each month, “annual
percentage rate” is what you’re paying if you keep that balance for a
year. It’s slightly different because in that year, you’re also paying
interest on the amount of interest (compound interest) you owe in the
previous months.
Not carrying a balance means that you don’t pay interest.
p.s
Let me know if you need anymore help on brainly so I can help you again. Have an AWESOME!!! day :^)
Answer:
The answer is
For 2018 - 1.5
For 2019 - 1.3
Explanation:
Asset turnover ratio=Net sales/average total assets
For 2018:
Sales - $480,000
Beginning asset - 360,000
Ending asset -360,000
Average total asset:
($280,000 + $360,000)/2
=$320,000
Therefore, asset turnover for 2018 is:
$480,000/$320,000
=1.5
For 2019:
Sales - $513,500
Beginning asset - $360,000
Ending asset - $430,000
Average total asset:
($360,000 + $430,000)/2
=$395,000
Therefore, asset turnover for 2019 is:
$513,500/$395,000
=1.3
