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lora16 [44]
2 years ago
9

Joan Simmons opened a car wash. She elected a business entity that keeps the company legally separate from its owners, and has a

legal right to own property and do business in its own name. The type of business entity that Joan elected is known as a:___________
Business
1 answer:
Dafna11 [192]2 years ago
4 0

Answer:

sole proprietorship

Explanation:

hope it helps

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3. 1.2 Explain how the looting of shops and malls will affect businesses in terms of the relationship between social responsibil
aliina [53]

Looting shops and malls is a serious crime which today's world faces. Whenever there is any event or natural disaster there is a group of people who exploit this situation.

Many shops and malls are looted as everyone is busy escaping the natural disaster.

There are the people who benefit from these crisis. There is social responsibility of every citizen not to exploit the situation.

Learn more at brainly.com/question/24383254

3 0
3 years ago
Read 2 more answers
If the interest rates on all bonds rise from 5 to 6 percent over the course of the year, which bond would you prefer to have bee
kirza4 [7]

If the interest rates on all bonds rise from 5 to 6 percent over the course of the year, a bond with one year to maturity would be preferred to have been holding.

A bond is a debt instrument similar to a promissory note. Borrowers issue bonds to raise money from investors who lend them money for a period of time. When you buy a bond, you are lending it to the issuer, which can be a government, community, or corporation.

Simply put, a bond is a loan from an investor to a borrower, such as a corporation or government. Borrowers use the money to fund their businesses, and investors earn interest on their investments. The market value of bonds can change over time.

Bonds are issued when governments and companies want to raise money. By purchasing a bond, you are providing a loan to the issuer, who agrees to repay the face value of the loan by a specified date and pay periodic interest, usually twice a year pay.

Learn more about Bonds here: brainly.com/question/25596583

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4 0
2 years ago
A company desires to sell a sufficient quantity of products to earn a profit of $400,000. If the unit sales price is $20, unit v
Amanda [17]

Answer:

Number of units to be sold = 150000

So option (b) is correct option

Explanation:

We have given net income = $400000

Unit sales price = $20

Unit variable cost= $12

Total fixed cost $800000

Units must be sold to earn net income of $400,000 =

=profit+\frac{total\ fixed\ cost}{sale\ price}-ubit\ variable\ cost=400000+\frac{800000}{20}-12=150000units

So number of units to be sold = 150000

So option (b) is correct option

3 0
4 years ago
Franklin Corporation bought equipment on January 1st, 2022 .The equipment cost $150,000 and had an expected salvage value of $30
Dima020 [189]

Answer:

$120,000.00

Explanation:

Depreciable cost is the amount of money that can be depreciated over time from the value of an asset. It is the total book value an asset loses for being in production in its useful life. Depreciable cost is important is calculating the annual depreciation.

Depreciable cost is a result of the cost of an asset minus its expected salvage value.

In case case: $150,000- $ 30,000

=$120,000.00

Depreciable value is $120,000

8 0
4 years ago
Inventory records for Dunbar Incorporated revealed the following: Date Transaction Number of Units Unit Cost Apr. 1 Beginning in
Effectus [21]

Answer:

The correct answer is B.

Explanation:

Giving the following information:

Apr. 1: Beginning inventory of 490 units for $2.16

Apr. 20: Purchase 420 units for $2.63

Dunbar sold 570 units of inventory during the month.

Under LIFO (last-in, first-out) method, the ending inventory is integrated by the first units incorporated into inventory.

First, we need to calculate the number of units in inventory:

Ending inventory in units= total units for sale - units sold

Ending inventory in units= (490 + 420) - 570= 340 units

Ending inventory ($)= 340*2.16= $734.4

7 0
4 years ago
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