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3 years ago

Identify and explain two drawbacks to Jameel of operating his business as a sole trader

Business

1 answer:

PolarNik [594]3 years ago

6 0

<h2>List Two Disadvantages of Sole Proprietorship & Explain Them.</h2>

▪︎Unlimited Liability

- The main factor being that there is no limit on the debt that can be accumulated. Which can cause the business to become insolvent very quickly.

- This means that even personal assets are allowed to be repossessed by the bank.

▪︎Single Person Tax

- The main factor being that you will be taxed as a separate entity, therefore doubling the total expenses. You must now, pay tax for your personal life & for your work life.

- This can become extremely expensive & turn into a less profitable business.

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3 years ago

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a driver who lends his or her vehicle to a member of the u.s. forces is required to provide the borrower with the registration c

alexira [117]

This is true. A driver who lends his or her vehicle to a member of the u.s. forces is required to provide the borrower with the registration certificate.

<h3>What is a car registration certificate?</h3>

This is used to refer to the required papers that have to do with the proof of the registration details of a vehicle.

It carries the name and the address of the diver as well as the information that concerns the particulars of the owner of the vehicle.

Hence we can say that This is true. A driver who lends his or her vehicle to a member of the US forces is required to provide the borrower with the registration certificate.

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2 years ago

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777dan777 [17]

The answer is (C) Helps point to a set of actions that should occur

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3 years ago

You are comparing two annuities with equal present values. The applicable discount rate is 6.5 percent. One annuity will pay $2,

MAVERICK [17]

Answer:

the annual payment for the second annuity is $2,130 paid at end of every year

Explanation:

We have following information for 1st annuity:

Rate: 6.5%

Payment (PMT): -$2,000, paid at beginning of every year

Tenor (Nper): 20 years

We use excel to calculate the present value of annuity = PV(rate,Nper,PMT,,1)

=PV(6.5%,20,-2000,,1) = $23,469

Then we calculate the payment for 2nd annuity = PMT(rate,Nper,PV,,0)

=PMT(6.5%,20,23469,,0) = -$2,130

Download xlsx

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4 years ago

Item

dolphi86 [110]

Answer:

Option D

Explanation:

Given that she is a recent graduate, she still has school loans to pay off, and therefore, she would be cash strapped and unable to get loans from banks because she probably does not have a good credit score.

Therefore, the correct answer would be option D

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3 years ago