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3 years ago

In addition to the owner, how many employees can a sole proprietorship have?

Business

1 answer:

Vlad [161]3 years ago

5 0

Answer:

A sole proprietorship is a business owned by only one person. The most common form of ownership, it accounts for about 72 percent of all U.S. businesses[1]. It’s the easiest and cheapest type of business to form: if you’re using your own name as the name of your business, you just need a license to get started, and once you’re in business, you’re subject to few government regulations.

As sole owner, you have complete control over your business. You make all important decisions, and you’re generally responsible for all day-to-day activities. In exchange for assuming all this responsibility, you get all the income earned by the business. Profits earned are taxed as personal income, so you don’t have to pay any special federal and state income taxes.

Explanation:

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In a SWOT analysis, potential internal weaknesses are harmful when they identify all key areas that require improvement. Weaknes

MissTica

Answer:

That statement is true.

Explanation:

"Key areas" of the business refers to business activities that directly related in core business operation. These activities are the one with most influence in determining how much products the companies able to sell to the consumers.

Internal weakness in SWOT analysis refers to consist of the things from within the company that can create some sort of damage to the company's operation if not taken care of.

Leaving internal weakness unfixed with heavily damage the productivity of company. Not only that, it could also damage the market's perception toward the company. When the customers have completely lost faith in the quality of company's product, there is almost nothing the company can do to fix it.

5 0

3 years ago

Read 2 more answers

Harris Co. is considering a 12-year project that is estimated to cost $900,000 and has no residual value. Harris seeks to earn a

masha68 [24]

Answer:

annual income = $70,292.52

Explanation:

initial outlay $900,000

in order to determine the net cash flows per year we can use the present value of an ordinary annuity:

PV = annual cash flow x annuity factor

PV = $900,000
annuity factor, 15%, 12 years = 6.1944

annual cash flow = $900,000 / 6.1944 = $145,292.52

annual cash flow = [(revenue - operating costs - depreciation) x (1 - tax rate)] + depreciation

revenue - operating costs - depreciation = annual income
tax rate = 0?
depreciation = $900,000 / 12 = $75,000

$145,292.52 = annual income + $75,000

annual income = $145,292.52 - $75,000 = $70,292.52

3 0

3 years ago

The points are only for ppl who have 12 to 20 points

icang [17]

Omg you’re the best thank you so much lol I have questions on my account if u wanna help bahah

4 0

3 years ago

Read 2 more answers

g Use the following abbreviations to answer this question: O Operating activities item I Investing activities item F Financing a

Furkat [3]

Answer and Explanation:

The cash flow statement includes three types of activities which are listed below:

1. Operating activities: It includes those transactions that after net income affect the working capital. It would subtract the increase in current assets and a decrease in current liabilities, while adding the reduction in current assets and a rise in current liabilities.

It would adjust those changes in working capital. In addition, the depreciation costs are added to the net income and the loss on the sale of assets is added, while the benefit on the sale of assets is subtracted

2. Investing activities: it tracks activities that involve purchasing and selling long-term properties. The purchase is a cash outflow while the sale is a cash inflow

3. Financing activities: it records activities that have an impact on long-term liability and equity balance of shareholders. Share issue is a cash inflow whereas redemption and dividend are cash outflows.

Based on this the classification are as follows

a. Payment of employee wages = Operating activities O = Outflow of cash deducted from the net income

b. Cash collected from customers for sales = Operating activities O = Inflow of cash added from the net income

c. Payment of dividends = Financing activities F = Outflow of cash represents in a negative sign

d. Purchase of land for an office building = Investing activities I = Outflow of cash represents in a negative sign

e. Repayment of debt owed to a financial institution = Financing activities F = Outflow of cash represents in a negative sign

f. Purchase of shares of another company = Financing activities F

g. Cash received as rent payment from a tenant in a building owned by the company = Operating activities O = Inflow of cash added from the net income

h. Issuance of shares = Financing activities F = Inflow of cash represents in a positive sign

7 0

3 years ago

Consider the following information: ending inventory, $ 24,000 ; sales, $ 250,000 ; beginning inventory, $ 30,000 ; selling and

Volgvan

96,000 is the cost of goods sold.

Beginning inventory, $30,000;

Add: Purchases, $90,000.

Less: Ending inventory $24,000;

Cost of Goods Sold $96,000

Cost of Goods Sold is the number of direct materials, direct labor, and manufacturing overhead charged to the units sold during the period. Presented as a deduction from net sales to obtain gross margin for the period. The cost of goods sold is the total amount paid by a company for expenses directly related to the sale of its products. Depending on the business, this may include direct labor associated with manufacturing or selling products, raw materials, packaging, and merchandise purchased for resale purposes.

Learn more about the Cost of Goods Sold at

brainly.com/question/24561653

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3 0

2 years ago