Correct option is A. Christopher is self-employed and reports all of his business-related income and expenses on his personal tax return. this is an example of <u>a proprietorship.</u>
<h3>What is meant by sole proprietorship?</h3>
A sole proprietorship is a type of business that is owned and operated by one person and in which there is no legal separation between the owner and the business entity. It is also referred to as a lone tradership, individual entrepreneurship, or proprietorship. A solitary proprietor may hire employees in addition to doing their own business .
The lone proprietor is solely responsible for all losses and obligations and receives all gains (subject to business-specific taxes). The owner of the firm is the owner of all of the company's assets and is also responsible for all of the company's debts. In contrast to a partnership, which has at least two owners, it is a "single" proprietorship.
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Answer:
True
Explanation:
Marketing is all about branding, and the main purpose is used to attract more customers. It is considered as the main component because it directly affects the consumers and producers. Marketing is an effective way to increase sales because marketing persons directly communicate with customers. Sometimes marketing does not require an intermediate, and marketing person directly sale the products and services to the end-user.
Answer:
$52,000
Explanation:
The computation of the cost of inventory is shown below:
= Cost of merchandise + freight charges + insurance during transit + import duties - discount
= $50,000 + $1,500 + $500 + $1,000 - $1,000
= $52,000
The discount is computed below:
= Cost of merchandise × given percentage
= $50,000 × 2%
= $1,000
The advertising and the sales commission should not be considered. Hence, ignored it
Answer:
A.
Explanation:
Since not everyone in a given community would be inclined to pay for a public good, everyone could be made to pay for it through tax.
