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
Masja [62]
2 years ago
8

The following are all advantages of a sole proprietorship except:

Business
1 answer:
dexar [7]2 years ago
6 0

Answer:

The answer is A. Becoz unlimited liability means a business owners personal assets be seized to pay for the businesses debts

You might be interested in
3. Which of the following is not a characteristic of a good citizen?
Elan Coil [88]

Answer:

Owning property

Explanation:

Its the only one that affects solely 1 person rather than benefit the community as a whole

6 0
3 years ago
For an auto insurance company, the average cost of collision claims is $500 per year for careful drivers and $3000 per year for
Rainbow [258]

Answer:

option (c) $875 per year

Explanation:

Given;

Average cost of collision claims for careful drivers = $500 per year

Average cost of collision claims for for poor drivers = $3000 per year

Poor drivers known by the company = 15%

thus,

Careful drivers = (100% - 15%) = 85%

Therefore,

Insurance company's breakeven price for the collision insurance  

= (Poor drivers known × Average cost of collision for poor drivers ) +( Careful drivers × Average cost of collision claims for careful drivers)

= 0.15 × $3000 + 0.85 × $500

= $450 + $425

= $875 per year

Hence, the correct answer is option (c) $875 per year

8 0
2 years ago
Assume Baldwin Corp. is downsizing the size of their workforce by 15% (to the nearest person) next year from various strategic i
Assoli18 [71]

Answer:

The company will have to pay $5,100 per employee in separation costs if these exit interviews are implemented next year

Explanation:

Data provided in the question:

Percentage downsize in the workforce = 15% = 0.15

Cost of exit interviews = $100

Normal separation cost = $5,000

Now,

Total separation cost per employee = Cost of exit interviews + Normal separation cost

= $100 + $5,000

= $5,100

Therefore,

The company will have to pay $5,100 per employee in separation costs if these exit interviews are implemented next year

3 0
3 years ago
Watauga Company purchased equipment on July 1, 2017 for $70,000. Sales tax on the purchase was $700. Other costs incurred were f
andriy [413]

Answer:

$72,700

Explanation:

Data provided in the question:

Purchasing cost = $70,000

Sales tax = $700

Freight charges = $800

Shipping charges = $150

Repair charges = $1,300

Installation cost = $1,050

Now,

Cost of the equipment  

= Purchasing cost + Sales tax + Freight charges + Shipping charges + Installation cost

= $70,000 + $700 + $800 + $150 + $1,050

= $72,700

Note: Repair cost is not included in the cost.

5 0
3 years ago
On January 1, 2017, Grand Haven, Inc., reports net assets of $945,300 although equipment (with a four-year remaining life) havin
borishaifa [10]

Answer:

patent on the consolidated estament: 32,000

Explanation:

45,000 x 80% = 36,000

36,000 / 9 = 4,000 amortization per year

 patent of Grand heaven

<u>      debit           credit        </u>

  36,000 recognize at purchase

                        4,000 december 31th amortization

  32,000 balance.

5 0
3 years ago
Other questions:
  • What type of group discussion does the moderator perform a passive role
    8·1 answer
  • What type of report must accompany claims when an unusual, new, seldom used, or category i unlisted code or category iii code is
    8·1 answer
  • For analysis purposes Jay considers his restaurant to have three revenue centers. These are the dining room, the bar and off-sit
    10·1 answer
  • When Home Depot entered the Quebec market in Canada, 2 percent of people were aware of the retail chain. To determine advertisin
    6·1 answer
  • A pair of nike tennis shoes costs $90 in the united states. if the exchange rate between the united states and mexico is 0.10 ($
    6·1 answer
  • Memmie: The greater the population near a restaurant, the more potential customers it has and the greater chance its popularity
    10·2 answers
  • Which law most likely prompted organizations to create codes of ethics and install ethics hotlines?
    9·1 answer
  • On January 1, Year 1, Willette Company sold $240,000 of 6% ten-year bonds. Interest is payable semiannually on June 30 and Decem
    10·1 answer
  • Which of the following is most correct:Question 8 options:A firm with financial leverage has a larger equity multiplier than an
    10·1 answer
  • What are two services for which you might pay an attorney above the hourly charges?
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!