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3 years ago

Unlimited liability for sole proprietors means that

Business

1 answer:

astraxan [27]3 years ago

6 0

Answer:

Sole proprietors and partners have unlimited liability. The unlimited liability means that if you're unable to repay the debts of the business, your creditors can go after whatever you own

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Your friend, Suzie Whitson, has designed a new type of outdoor toy that helps children learn basic concepts such as colors, numb

jeka57 [31]

Answer:

Factory rent $ 3,030: Product - MOH - Fixed

Company advertising 1,060: Period - Variable

Wages paid to assembly workers 31,400: Product - DL - Variable

Depreciation for salespersons’ vehicles 2,140: Period - Fixed

Screws 595: Product - DM - Variable

Utilities for factory 825: Product - MOH - Variable

Assembly supervisor’s salary 3,640: Product - MOH - Fixed

Sandpaper 125: Product - MOH - Variable

President’s salary 5,050: Period - Fixed

Plastic tubing 4,080: Product - MOH - variable

Paint 240: Product - DM - Variable

Sales commissions 1,330: Period - Variable

Factory insurance 1,010: Product - MOH - fixed

Depreciation on cutting machines 2,120: Product - MOH - Fixed

Wages paid to painters 8,000: Product - DL - Variable

Explanation:

- Direct materials are those materials and supplies that are consumed during the manufacture of a product, and which are directly identified with that product.

- Direct labor is production or services labor that is assigned to a specific product, cost center, or work order.

- Manufacturing overhead refers to indirect factory-related costs that are incurred when a product is manufactured.

- Period costs are not directly tied to the production process. Overhead or sales, general, and administrative (SG&A) costs are considered period costs. SG&A includes costs of the corporate office, selling, marketing, and the overall administration of company business.

- Product costs are the direct costs involved in producing a product. A manufacturer, for example, would have production costs that include: Direct labor, Raw materials, Manufacturing supplies, Overhead that's directly tied to the production facility such as electricity.

- Variable cost is a corporate expense that changes in proportion to production output.

- Fixed cost is a cost that does not change with an increase or decrease in the amount of goods or services produced or sold.

In this exercise:

Factory rent $ 3,030: Product - MOH - Fixed

Company advertising 1,060: Period - Variable

Wages paid to assembly workers 31,400: Product - DL - Variable

Depreciation for salespersons’ vehicles 2,140: Period - Fixed

Screws 595: Product - DM - Variable

Utilities for factory 825: Product - MOH - Variable

Assembly supervisor’s salary 3,640: Product - MOH - Fixed

Sandpaper 125: Product - MOH - Variable

President’s salary 5,050: Period - Fixed

Plastic tubing 4,080: Product - MOH - variable

Paint 240: Product - DM - Variable

Sales commissions 1,330: Period - Variable

Factory insurance 1,010: Product - MOH - fixed

Depreciation on cutting machines 2,120: Product - MOH - Fixed

Wages paid to painters 8,000: Product - DL - Variable

5 0

4 years ago

Explain what a tradeoff is and why they are a part of every financial decision you make, no matter how big or small it may be.

nevsk [136]

Dhdhxhdbnwosxi uncle e rah I he e do I Jensen e Dan one e d c j j hbd we so like you know it’s C cause basically and yeah

7 0

3 years ago

sagar works for a financial advising firm. he must create a financial plan and come up with a list of securities in which his cl

Alik [6]

Since sagar works for a financial advising firm. he must create a financial plan and come up with a list of securities in which his client can invest. This is a investment.

<h3>What is an investment?</h3>

It should be noted that a investment simply means the use of mine in order to create further revenue for the company.

In this case, it was stated that Sagar create a financial plan and come up with a list of securities in which his client can invest. Therefore, this shows that this is an investment.

Learn more about firm on:

brainly.com/question/15130516

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sagar works for a financial advising firm. he must create a financial plan and come up with a list of securities in which his client can invest. sagar must make decisions regarding the investments that he should recommend to his clients to include in their portfolio. Is this an investment or capital market?

7 0

2 years ago

Many companies outside of the United States, such as those in China, manufacture goods that are shipped to American companies. A

Aleksandr-060686 [28]

Answer:

The correct answer is:

Exportation

Explanation:

Exporting is an act of sending a good or service from their country of production or origin in this case China, to another country where they are needed, but in short supply, in this case the United states. So china is the exporter, while the United States is the importer of the goods. Before exported goods are accepted into countries that imported them, they are screened by the customs officers of the importing countries.

Exportation can be carried out through; air shipping, shipping through vessels on water, hand delivery, mail, land delivery, or even online on the internet.

4 0

3 years ago

Why is it important to YOU to save money ? ILL MARK BRAINLIST * How and why to save money *

dangina [55]

First and foremost, saving money is important because it helps protect you in the event of a financial emergency. Additionally, saving money can help you pay for large purchases, avoid debt, reduce your financial stress, leave a financial legacy, and provide you with a greater sense of financial freedom. I would save money by keeping it secure in a special place like a wallet.

7 0

3 years ago

Read 2 more answers

Unlimited liability for sole proprietors means that​

Unlimited liability for sole proprietors means that