Which of these is similarity between being self-employed and owning a business?

1 answer:

3 0

The similarity between being self-employed and owning a business out of the above choices is that you or your business produces something. Whether you personally make it or you own a business that produces something, something is being produced. You are your own boss in both situations, you likely make all of the decisions in both but with owning your own business there is a team that can help. Normally if you are self-employed you can't take time off and generate revenue because you are the sole worker.

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Dalton Industries makes all purchases on account, subject to the following payment pattern: Paid in the month of purchase: 25% P

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Answer:

The firm's budgeted payments in March is $206,500

Explanation:

The purchase pattern is categorized into three percentage : 25%, 55% , and 20%

Here, following month is considered to be a month which is before than actual month.

The firm's budgeted payments in March is computed below:

= 25% of march month + 55% of February month + 20% of January month

= 25% × $240,000 + 55% × $190,000 + 20% × $210,000

= $60,000 + $104,500 + $42,000

= $206,500

Thus, the firm's budgeted payments in March is $206,500

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