1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
ASHA 777 [7]
3 years ago
5

What is the difference between sole proprietor and self employed

Business
1 answer:
Kitty [74]3 years ago
5 0

Answer:

Self Employed is the person working in a self owned business. Sole Proprietor is a person solely owning, managing a business.

Explanation:

Self Employment is the term used to depict <u>economic activity</u> of working for self owned organisation, rather than working for someone else. The self owned organisation could be entirely (solely) self owned - sole proprietorship, or co-owned by partners in a limited liability partnership

Sole Proprietor is a business entity owned, managed, run by a single entrepreneur. It is a business legal term given to an <u>economic organisation. </u>In this case, the proprietor necessarily has unlimited liability towards firm's claims. However, its not so always in case of self employment in LLC

You might be interested in
On January 2, year 5 Ral Co. leased land and a building from an unrelated lessor for a 10-year term. The lease has a renewal opt
nordsb [41]

Answer:

D) $14,000

Explanation:

Description       Estimated life       Cost        Amortization per year

Sales office           10 years         $47,000           $4,700

Warehouse          25 years         $75,000           $7,500

Parking lot            15 years          $18,000            $1,800

total                                                                      $14,000

Even though the useful life or the warehouse and parking lot is longer than 10 years, since the lease contract is only for 10 years, then it must be depreciated in 10 years.

6 0
3 years ago
Which of the following are markets in which money is lent for periods longer than<br> one year?
kifflom [539]

Answer:

capital market

Explanation:

6 0
3 years ago
Read 2 more answers
The toy buyer had the option of ordering stuffed animals directly from the manufacturer or from a nearby wholesaler. The manufac
Degger [83]

Answer:

difference between supplies = $4.68

Explanation:

cost of merchandise from manufacturer if paid within discount period:

$1,200 x (1 - 40%) = $720

$720 x (1 - 10%) = $648

freight cost = $648 x 2.5% = $16.20

discount for early payment = $648 x 2% = $12.96

total cost = $651.24

cost of merchandise from wholesaler if paid within discount period:

$1,200 x (1 - 40%) = $720

$720 x (1 - 8%) = $662.40

discount for early payment = $648 x 1% = $6.48

total cost = $655.92

difference between supplies = $4.68

7 0
2 years ago
Maintaining ___________ involves producing what the customer wants while reducing errors before and after delivery to the custom
earnstyle [38]

Answer:

Quality

Explanation:

In business terms the quality is the level of service or product meets the customer's expectation. Customer want a good quality product or service in a competitive price. Some customers can compromise on the price factor but they require high quality without any error or defect. So, producing what customer wants is called Quality.

5 0
3 years ago
Read 2 more answers
Suppose that Dmitri, an economist from a research institute in Texas, and Frances, an economist from a public television program
posledela

Answer:

  • Difference in scientific judgements
  • A. Employers should not be restricted from outsourcing work to foreign nations.

Explanation:

The difference in opinion between these two is based on a difference between in scientific judgments because they believe that different things will happen in response to implementing a different form of taxes.

Regardless of what they think in the above regard, these economists are most likely to support the outsourcing of work if it is cheaper to do so because economists generally believe that the most efficient method of production should be undertaken.

4 0
3 years ago
Other questions:
  • The supplies account has a trial balance of $3,226. a year-end inventory shows $1,752 worth of supplies left at the end of the y
    7·1 answer
  • A bag contains 9 red marbles, 5 white marbles, and 6 blue marbles. You draw 4 marbles out at random, without replacement. Find t
    9·1 answer
  • What is the role of shareholders in a corporation ?
    9·1 answer
  • Larger financial institutions now offer a wide range of services under one roof, from banking to stock trading. These institutio
    14·1 answer
  • What is most often used in the classroom to decrease behaviors that are being maintained by teacher attention?
    10·1 answer
  • Good internal controls over the write-off of uncollectible accounts include appropriate review of ________ by management to ensu
    15·1 answer
  • Sam's Dog toys sells a Red toy and a Blue toy. The contribution margin for the Red toy is $5 and for the Blue toy is $10. The ex
    15·1 answer
  • What would happen if a state or municipality suddenly lost its tax base? Explain if this would have any impact on it's cost of b
    8·1 answer
  • What happens if a monopolist increases the price of a good?
    15·1 answer
  • Content area job order costing and process costing are
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!