Bayard organized, owns, and operates, Cypress Tours in the simplest form of business organization. This is called sole proprietorship.
<h3>What is a sole proprietorship in business?</h3>
A sole proprietorship is a type of business is can be managed and operated by an individual, or a business corporation. There exist no partners in the business corporation.
Therefore, we can conclude that Bayard who owns and operates Cypress TOurs in the simplest form of the business organization runs a sole proprietorship business and not a partnership, franchise, or corporation.
Learn more about sole proprietorship here:
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Answer:
hell is what it should be but mercy is what's been shown. step by step utill one or more can carry the wounded. kinda male since
Answer:
Please see the answer below:
Explanation:
Debit: Depreciation Expense $2,750
Credit: Accumulated Depreciation $2,750
To record adjusting entry for Depreciation Expense of Equipment.
- For T-accounts the entries will made as above, <em>Depreciation T-Account</em> will be Debited with $2750 and <em>Accumulated Depreciation T-Account</em> will be credited with $2750.
Balance Sheet as of December 31
<em>Fixed Assets:</em> $ $
Equipment 22,000
Less: Accumulated Depreciation (2,750)
Net Cost of Equipment as of Dec 31 19,250
Answer:
The correct answer is 9.56%
Explanation:
Before tax cost of Debt = rate(nper,pmt,pv,fv) * 2
nper = 25*2 = 50
pmt = 1000*12%*1/2 = 60
pv = 1230.51
fv = 1000
Before tax cost of Debt = rate(50,60,-1230.51,1000)*2
Before tax cost of Debt = 9.56%
