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3 years ago

How is the Sole Trading business financed?

Business

1 answer:

belka [17]3 years ago

8 0

Answer:

Sources of Finance for a Sole Trader

The sole trader can invest his own savings into his business for expansion. Retained Profit. A profitable business generates a positive net income every year. Sale of Assets.

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Which of the following is not an form of money that was traded

Semmy [17]

Answer:

(D) because you cannot sell shells.

8 0

2 years ago

Firms are very small relative to the market. Firms have significant price control. Firms produce very similar products. There is

Anika [276]

Answer:

Firms are very small relative to the market. PERFECT COMPETITION
Firms have significant price control. NOT PERFECT COMPETITION - in perfect competition all firms are price takers.
Firms produce very similar products. PERFECT COMPETITION
There is a large number of firms. PERFECT COMPETITION
There are significant barriers to entry and exit to the market. NOT PERFECT COMPETITION - in perfect competition there is free market entry and exit
Firms have no price control. PERFECT COMPETITION
Firms produce differentiated products. NOT PERFECT COMPETITION - in perfect competition firms produce homogeneous products.

7 0

3 years ago

If a firm averages $2,000 in daily credit sales and offers 60-day terms, the average accounts receivable balance will be $120,00

Alexeev081 [22]

Answer:

a. True

Explanation:

The computation of the average accounts receivable balance is shown below:

= Daily credit sales × day terms

= $2,000 × 60 days terms

= $120,000

We simply multiplied the average amount with the day term so that the average account receivable balance could come

Hence, the given statement is true

Therefore the correct option is a.

8 0

3 years ago

Summary financial information for Paragon Company is as follows. Dec. 31, 2014 Dec. 31, 2013 Current assets $ 203,600 $ 254,000

beks73 [17]

Answer:

Current assets:

Amount = 2014 value - 2013 value

= $203,600 - $254,000

= -($50,400) (Negative)

percentage changes = $\frac{Amount}{2013\ value}\times100$

= $\frac{50,400}{254,000}\times100$

= (19.84)%

Plant assets:

Amount = 2014 value - 2013 value

= $1,397,000 - $831,700

= $565,300

percentage changes = $\frac{Amount}{2013\ value}\times100$

= $\frac{565,300}{831,700}\times100$

= 67.96%

Total assets:

Amount = 2014 value - 2013 value

= $1,600,600 - $1,085,700

= $514,900

percentage changes = $\frac{Amount}{2013\ value}\times100$

= $\frac{514,900}{1,085,700}\times100$

= 47.42%

6 0

3 years ago

What is the customer orientation of a company, and why is it important for a

goldenfox [79]

A costumer-oriented organization places customer satisfaction at the core of each of its business decisions, it focuses on helping customers to meet their long-term needs and wants. An organization that uses this is Chron

7 0

3 years ago