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3 years ago

Esperanza is starting a business by herself as an

Business

1 answer:

denpristay [2]3 years ago

7 0

Answer:

sole proprietorship

Explanation:

The sole proprietorship is the type of business owned and run by a single individual. The owner is a sole trader. In a sole proprietorship, the owner sources capital by themselves, keeps all the profits, and suffers the losses alone.

A sole proprietorship is the easiest form of business to set up. The only requires to obtain a registration certificate and a trading license from the local authorities. Esperanza should open a sole proprietorship business. Unlimited liability is the biggest shortcoming for a sole proprietorship, but that does not seem to bother Esperanza.

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Your firm has net income of $312 on total sales of $1,320. Costs are $730 and depreciation is $110. The tax rate is 35 percent.

iren [92.7K]

The answer will be b

8 0

2 years ago

Who are the internal and X ternal users of accounting information

dezoksy [38]

Answer and Explanation:

The internal and the external users or parties of accounting information are as follows

Internal users: These are the users who are belonged from the company i.e. shown below:

1. Owners

2. Managers

3.Employyes

External users: These are the persons who are outsiders such as

1. Suppliers

2. Customers

3. Tax authorities etc

3 0

2 years ago

Financial statements are influenced by five important forces that determine a company's competitive intensity: (A) industry comp

Ivan

Full question:

Financial statements are influenced by five important forces that determine a company's competitive intensity: (A) industry competition, (B) buyer power, (C) supplier power, (D) product substitutes, and (E) threat of entry.

Select one:

True

False

Answer:

Financial statements are influenced by five important forces that determine a company's competitive intensity - True

Explanation:

Michael Porter’s five forces of rival(s) can be applied to monitor and investigate the competitive edifice of an industry by attending 5 forces of opposition that impact and form profit potential. Supplier power. An evaluation of how simple it is for suppliers to force up prices. Buyer power. An estimation of how accessible it is for buyers to push prices dropping.

Competitive rivalry. The principal driver is the quantity and ability of competitors in the market. The threat of substitution. Where close alternate goods endure in a market, it improves the likelihood of customers shifting to alternatives. The threat of new entry. Favorable markets bring new entrants, which decays profitability.

3 0

3 years ago

g: Sorin Incorporated, a company that produces and sells a single product, has provided its contribution format income statement

madam [21]

Answer:

Total contribution margin= $59,800

Explanation:

Giving the following information:

Unitary selling price= 155,400 / 4,200= $37

Unitary variable cost= 100,800 / 4,200= $24

To calculate the total contribution margin, we need to use the following formula:

Total contribution margin= units sold*(selling price - unitary variable cost)

Total contribution margin= 4,600*(37 - 24)

Total contribution margin= $59,800

6 0

2 years ago

On December 31, the fair value of Blossom is estimated to be $820,800. The carrying value of Blossom’s net identifiable assets,

Ira Lisetskai [31]

Answer:

Dr goodwill impairment $34200

Cr goodwill $34200

Explanation:

The fact that the fair value of Blossom’s net identifiable assets is less than the carrying value is a strong indication that the goodwill has been impaired and the impairment is computed thus:

Goodwill impairment=Fair value of net assets-carrying value

fair value of net assets=$820,800

Carrying value of net assets=$855,000

goodwill impairment=$855,000-$820,800=$34200

The double entries would be a debit to goodwill impairment loss account in the statement of profit or loss and a credit to goodwill.

8 0

3 years ago