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3 years ago

5 Disadvantage of sole proprietorship?

1 answer:

3 0

You are personally liable for all debts of the company, you can’t use business write offs, it’s harder to get a business loan, self employment taxes, raising capital is difficult, business continuity dies with its owner.

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On july 1 of the current calendar year, plum co. paid $7,500 cash for management services to be performed over a two-year period

morpeh [17]

Dec 31 Management Services ....................................$1875

To Prepaid Expenses.....................................................$1875

(Being prepaid expenses recognised for the year)

6 0

3 years ago

Read 2 more answers

Down Under Products, Ltd., of Australia has budgeted sales of its popular boomerang for the next four months as follows:

BARSIC [14]

Answer:

Results are below.

Explanation:

Giving the following information:

Sales in Units

April 70,000

May 85,000

June 110,000

July 90,000

Desired ending inventory= 15% of the following month’s sales.

The inventory at the end of March was 10,500 units.

To calculate the production required for each month, we need to use the following formula:

Production= sales + desired ending inventory - beginning inventory

April:

Sales= 70,000

Desired ending inventory= 85,000*0.15= 12,750

Beginning inventory= (10,500)

Total production= 72,250

May:

Sales= 85,000

Desired ending inventory= 110,000*0.15= 16,500

Beginning inventory= (12,750)

Total production= 88,750

June:

Sales= 110,000

Desired ending inventory= 90,000*0.15= 13,500

Beginning inventory= (16,500)

Total production= 107,000

Total quarter= 268,000

8 0

3 years ago

with this type of externality, in the absence of government intervention, the market equilibrium quantity produced will be than

ikadub [295]

The type of externality where market equilibrium quantity produced will be more than socially optimal quantity in absence of governemtn intervention is Negative externality.

Let understand that whenever a production of good or service negatively affect the unrelated third party who is not directly involved in a market transaction, it is said that negative externality exists in the scenario.

A very good example of commonly cited Negative Externalities are air pollution and noise pollution which was caused during production an affects unrelated third party.

If there is presence of government intervention in the production, then, the production of goods or service will be halted.

Therefore, in conclusion, this type of externality is called the Negative Externality.

Read more about Negative Externality here

brainly.com/question/13901028

7 0

2 years ago

The opportunity cost of attending college is likely to be highest for a high school graduate Choose one: A who is very intellige

Valentin [98]

Answer:

B. who can immediately take over the family business

Explanation:

Option A is wrong because opportunity cost is not related to intelligence.

Option C is not correct because a high school graduate and a college attending student can access to student loans.

The family's wealth can not be a factor in terms of opportunity cost of attending college or a high school graduate. Therefore, option D is incorrect.

Option B is correct as a college attending student cannot take over the family business. So, it is his opportunity cost. On the other hand, a high school graduate can take over the business.

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3 years ago

In _______, data from transactions are collected over time and then processed all at once.

aivan3 [116]

The correct answer that fills in the blank is the real time data processing for it describes the statement above. The real time data processing includes of ongoing processes which is done in a short period of time that is why transactions that are collected are immediately and processed at once.

3 0

3 years ago