Answer:
C. shared resources.
Explanation:
A partnership is a form of business ownership. Partners contribute funds and their expertise towards the success of their business. They are able to put together a large sum of capital than they would raise as individuals. A partnership is formed and managed through the combined efforts of the partners.
A sole proprietor is a one-person venture. The owner sources for the capital and makes all business decisions by themselves. Unlike in sole proprietorship, a partnership has the advantage of shared resources and responsibilities. Partners can brainstorm and share ideas on how to improve the performance of their business.
Answer:
The correct answer is letter "D": Custom-furniture manufacturers.
Explanation:
Job-order costing is a method in which the costs are being assigned and accumulated as long as each unit of production is completed. Industries using job-order costing methods tend to have controlled levels of production and each unit manufactured is different enough from others and each of them has a significant cost.
Thus, <em>custom furniture manufacturers are businesses where using the job-order costing method could be useful.</em>
<span>When production reflects consumer preferences, "a</span>llocative efficiency" occurs.
Allocative efficiency is a condition of the economy in which production shows customer inclinations; specifically, every good or services is delivered up to the point where the last unit gives a marginal advantage to buyers equivalent to the minor cost of production.
Answer:
42,51%
Explanation:
Accounting Rate of Return (ARR) = Average Profits / Average Investment
Calculation of Average Profits
Average Profit = Sum of Profits / Number of Years
= (300,000+290,000+240,000×8)/10
= $2,510,000 / 8
= $313,750
Calculation of Average Investment
Average Investment = Initial Investment + Scrape Value / 2
= $1,476,000/2
= $738,000
Accounting Rate of Return (ARR) = $313,750/$738,000×100
= 42,51%
Answer:
A general rule of thumb among marketing researchers is to use secondary data first and then collect primary data.
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