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Travka [436]
3 years ago
12

What do you mean by sole proprietorship??​

Business
2 answers:
nekit [7.7K]3 years ago
7 0

Sole proprietorship is a business enterprise which is solely owned, managed and controlled by one person known as a sole proprietor or proprietress.

It is also the oldest and most commonest business entity found in <em>Africa</em>.

This is because, it requires only a little amount to start it.

Examples; Petty trading, Farming, Pure water production, Barbering etc.

Hope it helps.

nlexa [21]3 years ago
5 0

Answer:

<em><u>hope</u></em><em><u> </u></em><em><u>it</u></em><em><u> </u></em><em><u>is</u></em><em><u> </u></em><em><u>helpful</u></em><em><u> </u></em><em><u>to</u></em><em><u> </u></em><em><u>you</u></em><em><u> </u></em><em><u>^</u></em><em><u>_</u></em><em><u>^</u></em>

Explanation:

.....

You might be interested in
Last year Swensen Corp. had sales of $303,225, operating costs of $267,500, and year-end assets of $195,000. The debt-to-total-a
kolbaska11 [484]

Answer:

The correct option is D

There is increase in ROE by 2.86%

d. 2.86%

EXPLANATION:

THIS IS THE COMPLETE QUESTION BELOW;

Last year Swensen Corp. had sales of $303,225, operating costs of $267,500, and year-end assets of $195,000. The debt-to-total-assets ratio was 27%, the interest rate on the debt was 8.2%, and the firm's tax rate was 37%. The new CFO wants to see how the ROE would have been affected if the firm had used a 45% debt ratio. Assume that sales and total assets would not be affected, and that the interest rate and tax rate would both remain constant. By how much would the ROE change in response to the change in the capital structure?

a. 2.08%

b. 2.32%

c. 2.57%

d. 2.86%

e. 3.14%

CHECK THE ATTACHMENT BELOW FOR DETAILED EXPLANATION

3 0
3 years ago
The value-added method involves taking the cost of intermediate outputs (i.e., outputs that will, in turn, be used in the produc
Brut [27]

Answer:

Value Added = Value of Output - Intermediate Consumption = Final Goods    .                                                                                                       Value

Explanation:

This can be explained with an example:

A produces flour & sells it to Grocer for Rs 100. Grocer produces Wheat & sells it to Baker for Rs 150. Baker produces bread & sells it to Consumers for Rs 200.

Value of Final Product (Used by end consumers) i.e Bread = Rs 200.

However if considering total Value Of Output including all value added at each stage = 100 + 150 + 200 = 450. This is Overestimated value of Final product Bread, because of 'Double Counting' - Grocer's wheat includes the intermediate good (good purchased for further resale/reprocessing) value of flour and Baker's bread includes value of Wheat & flour intermediate products both.

This problem can be solved by: Calculating Value Added (by subtracting intermediate consumption) at each stage & then summing it to get the Final good value.

In this case: Farmer's Value Added = VO - IC = Flour Value - 0 = 100 .

Grocer's Value Added = VO - IC = Wheat - Flour Value = 150 - 100 = 50

Baker's Value Added = VO - IC = Bread - Wheat Value = 200 - 150 = 50

Adding value added by all these 3 we get , 150 + 50 + 50 = 200 i.e equal to final good bread value 200.

8 0
3 years ago
Owners of business firms are the only people who need accounting information.
Ludmilka [50]
This is not true. Anyone that handles account payables, balancing accounts, making purchasing, writing checks etc. need to know basic accounting rules.
8 0
3 years ago
Assume the following data concerning a purchase of merchandise by Icon Co. on April 2:
kari74 [83]

Answer:

Correct answer is $4,000

Explanation:

During the purchase on April 2, Icon Co. should recognize the gross amount of $4,000 purchases. Unless it is clearly stated in the problem that Icon Co. uses net method in recording discounts, said discount will be recognized and recorded upon payment of the purchases that falls into the discounted period of contract. Purchase returns will be recognized on the day the company made it.

4 0
3 years ago
Mike's Fish Market is implementing a project that will initially increase accounts payable by $6,100, increase inventory by $2,8
Feliz [49]

Answer:

The net working capital is -$4600.

Explanation:

Use the below formula to calculate net working capital:

Net working capital = Total current assets – Total current liability  

Total current liability = $6100

Total current asset =  increase in inventory –decrease in account reciveable  

Total current asset = $2800 – 1300

= $1500

Now, Net working capital = Total current assets – Total current liability  

Net working capital = $1500 – $6100

= - $4600

Thus, net working capital is -$4600.  

7 0
3 years ago
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