c pay the miminum balance each month
A surf board shop for example. If you lived in a place like Ohio you’re not gonna have very many sales because there’s no ocean or surf parks near by. But if you lived somewhere like California you’re sales would be much better.
Answer: $22500
Explanation:
The following information can be gotten from the question:
Price of equipment = $20,000
Sale tax = $2000
Maintenance cost = $2200
Shipping cost = $500
The amount that the equipment should be recorded on the balance sheet prior to recording depreciation expense will be calculated as:
Price = $20000
Add: Sales Tax = $2000
Add: Shipping & Preparation = $500
Price of the equipment before depriciation will then be:
= $20000 + $2000 + $500
= $22500
Answer:
see below
Explanation:
1. Personal Savings
The sole trader can invest his savings into his business for expansion. A sole trader who is confident about his business's prospects will be prepared to invest additional savings into the business for growth. The use of savings relieves them from the strain of interest payments and enables them to retain full control over the business.
2. Sale of Assets
Should a sole trader require funds to expand their business, they opt to dispose of some of their assets. If the trader does not have savings or retained earnings and have a property registered in their name, they may decide to sell it to raise capital.
Informal atmosphere because wearing jambs and a t-shirt is not formal
