Answer:
C) One of the disadvantages of a sole proprietorship is that the proprietor is exposed to unlimited liability.
Explanation:
There is no avoidance to double taxation under corporate form, as company's pays tax on net income earned, and then if there is any distribution of income to shareholders, the shareholders are charged individually.
There is no such ease in transfer of share whether in corporate form or partnership form.
There is an indefinite liability in case of insolvency of sole proprietorship on the sole proprietor, as he is the only person in ownership of such shares.
No, voting rights in a corporate form are dependent on number of shares held.
Therefore, the correct statement is:
C) One of the disadvantages of a sole proprietorship is that the proprietor is exposed to unlimited liability.
The technology that was found in applications such as asset
tracking, smart keys and toll collection is the Electronic Collection System.
This system is very effective especially in the toll collection because it
makes the payment and collection of toll fees easy. The payment is
automatically debited to the account of the owner.
Answer:
I believe that your question is missing a couple of options. I searched for similar questions and they all included the one option I am looking for (see attached image):
If the budget is continuously updated, checked and revised every quarter, and the company's tax year ends December 31, then the next first quarter is going to be January - March. This means that at the end of March, the budget will be revised and updated, and these changes will apply to the following year which stars on April 2017 and ends on March 2018.
The correct option would be:
- April 2017 to march 2018.
In order for option A to be correct, the company's tax year should end on October. For option B to be correct, the tax year should end on November. Finally, for C to be correct, the tax yer should end on August.
Answer:
$155.5
Explanation:
The Consumer price index indicates how prices change through time of a determined basket of goods and services. Inflation is calculated by the percentage change of this index in two periods of time. In this case, we must calculate the percentage change:
1995: 152.4
2015: 237.0
(237-152.4/152.4)*100= 0.555*100=55.5%
The inflation rate for this period is 55.5%. To buy a similar amount of goods and services in 2015 we have to pay an 55.5% extra, which means we have to pay $155.5
