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3 years ago

How might the inability to provide fringe benefits affect a sole proprietors ability to run a business

1 answer:

4 0

The inability of sole proprietors to provide fringe benefits to their employees can affect the service rendered to customers. Without fringe benefits, the employer will not be able to attract quality applicants for his business. He may have to settle for less qualified staff who may not be able to provide clients with excellent service.

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Select the two statements about owners of equity in a business that are TRUE.

stiks02 [169]

Answer:1. and 3.

Explanation:

8 0

3 years ago

Read 2 more answers

Identify the percent increase in total sales and the percent increase in sales of trench coats. Then find which percent of incre

geniusboy [140]

The percentage increase in the total sales for 2006 is 15% while the increase in sales of the trench coats is 23.3%; therefore the percentage increase in total sales of trench coats is 8.3% faster.

Computation:

1. The total amount of sales for 2006 and 2007:

$\begin{aligned}\text{Sales of 2006}&=103+297+210+213+137\\&=960\end{aligned}$

$\begin{aligned}\text{Sales of 2007}&=127+223+210+285+259\\&=1104\end{aligned}$

2. Now, the percentage increase will be determined for the total number of coats and trench coats:

For the total number of coats, the values used will be the total sales of 2006, and total sales of 2007.

$\begin{aligned}\text{Percentage Increase}&=\dfrac{\text{Sales of 2007}-\text{Sales of 2006}}{\text{Sales of 2006}}\times100\\&=\dfrac{1104-960}{960}\times100\\&=15\%\end{aligned}$

For the trench coats the values used will be the sale of trench coats in 2006 and 2007.

$\begin{aligned}\text{Percentage Increase in Sale of Trench Coat}&=\dfrac{\text{Sales of 2007}-\text{Sales of 2006}}{\text{Sales of 2006}}\times100\\&=\dfrac{127-103}{103}\times100\\&=23.33\%\end{aligned}$

3. Now, the net percentage increase in sales due to the trench coats is computed as follows:

$\begin{aligned}\text{Net Percentage Change}&=\text{\text{Percentage Increase in Trench Coat}-\text{Percentage Increase}}\\&=23.33\%-15\%\\&=8.3\%\end{aligned}$

Therefore, the correct option is option B. Sales of trench coats increased 8. 3 percentage points faster than total coat sales.

To know more about percentages of increase in sales, refer to the link:

brainly.com/question/45525

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2 years ago

Swiss Furniture Company manufactures bookshelves and uses an activityminusbased costing system. The following information is pro

telo118 [61]

Answer:

$12.40

Explanation:

Activity Estimated Indirect Allocation Base Estimated Q. of

Activity Costs Allocation Base

<u>Materials handling $7,700 Number of parts 7,350 parts </u>

<u>Assembling $10,500 Number of parts 7,350 parts </u>

Packaging $2,410 Number of units 1,470 bookshelves

The direct materials cost per bookshelf is $39. What is the cost of materials handling and assembling per bookshelf?

materials handling cost per part = $7,700 / 7,350 parts = $1.05

assembling cost per part = $10,500 / 7,350 parts = $1.43

total cost per part = $2.48

cost per bookshelf = 5 x $2.48 = $12.40

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3 years ago

Presented below are long-term liability items for Pharoah Company at December 31, 2020. Bonds payable, due 2022 $625,000 Lease l

lesya [120]

Answer:

See explanation

Explanation:

Consider liabilities due within period of more than 12 months for the long-term liabilities section of the balance sheet.

4 0

3 years ago

Determining Net Cash Flow from Operating Activities: Burch Company reported the following items in its balance sheet and income

Tanya [424]

Answer:

$9,000

Explanation:

The cash flow statement is the financial statement where the cash flows from the various activities of a business are recorded. These activities include Operating, Investing and Financing. The statement may be shown using gthe direct or indirect method.

The operating activities include the changes to current assets and liabilities. Increases in assets (apart from cash) represents an out flow of cash while increases in liability represents and in flow of cash and vice versa.

The net cash flows from operating activities using the indirect method

= -5000 - 20,000 + 10,000 + 25,000 - 1,000 (all amounts in $)

= $9,000

This represents a net inflow.

3 0

3 years ago