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3 years ago

What is a sole trader?

Business

1 answer:

Klio2033 [76]3 years ago

3 0

Answer: A person who owns and runs a business, which is normally a small business (eg. Shop Owner).

The sole trader has unlimited liability, meaning that his assets will be used in case of default to pay.

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Is a number that represents a measure of intelligence, based upon one's performance on an intelligence test, that is normed on a

Valentin [98]

Yr question is not accurate, pls check it again

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4 years ago

LiRa [457]

Answer:

A fraud alert prevents anyone from viewing your credit report

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3 years ago

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Suppose a commercial banking system has $240,000 of outstanding checkable deposits and actual reserves of $85,000. If the reserv

zhuklara [117]

Answer:

$100,000

Explanation:

Calculation for the maximum Revenue

First step is to find the Required reserve using this formula

Required reserve =Outstanding checkable deposits ×Reserve ratio

let plug in the formula

Required Reserve=$240,000×0.25 =$60,000

Second step is to find the excess reserve using this formula

Excess reserve = Actual reserve - Required reserves

Let plug in the formula

Excess reserve =$85,000- $60,000

Excess reserve =$25,000

Last step is to find the maximum reserve using this formula

Maximum Reserve=Excess reserve× Reserve ratio

Let plug in the formula

Maximum reserve =$25,000*1/.25

Maximum reserve =$25,000*4

Maximum reserve =$100,000

Therefore the maximum reserve will be $100,000

6 0

4 years ago

On January 1, Year 1, Pacific Corporation acquired 75% of Sand Corporation's 200,000 outstanding common shares for $2,850,000. O

Allisa [31]

Answer:

$112,500

Explanation:

The good will to be reported in the balance sheet of the Pacific Corporation as at December 31 shall be determined using the following mentioned method:

Cost to acquire share of the Pacific Corporation $2,850,000

Less:Net Assets Acquired of Sand Corporation

Sand Net Assets $3,000,000

Excess value of land $200,000

Excess value of equipment $150,000

Fair value of non-compete $300,000

$3,650,000 ($3,650,000)

Add:Net Assets portion of the Non controlling interest $912,500

($3,650,000*25%)

Good will $112,500

3 0

3 years ago

Who would be more likely to join the cross-country team (individual sport) instead of the volleyball team (team sport) and want

fgiga [73]

Answer: Introvert with a high need for power

Explanation: An Introverted individual is one who is considered more thoughtful than social, with a personality more inwardly than outwardly directed and as one who often prefers to have time in non-social situations. Given this, an introvert with a high need for power, however, would be more likely to join the cross-country team, which is an individual sport, rather than the volleyball team (team sport) and want to be captain of the team rather than just be a member.

4 0

4 years ago

Read 2 more answers

What is a sole trader?​

What is a sole trader?