The business is regarded as its own distinct legal entity in a sole proprietorship. A sole proprietorship can be established without the need for approval from the federal or state governments.
The sole proprietorship is the default business structure if no other type of organization is selected during the license application process.
How does a sole proprietorship work?The sole proprietor has complete and unconditional control over the company. Example: a single proprietor of a beauty parlor, barbershop, general store, and sweet shop.
Who is considered to be a sole proprietor?A business that can be owned and run by an individual, a company, or a limited liability partnership is known as a sole proprietorship. The company does not have any partners. The following is a definition of a sole proprietorship's legal status: It is not an independent legal entity like the owner of the business.
How does a sole ownership respond?A person who owns an unincorporated business on their own is known as a sole proprietor.
To learn more about sole proprietorship here:
https://brainly.com/question/1428023
#SPJ4
What would you do if your friend is failing the class?
Answer:
Help them study and help them write an email to the teacher to ssee if there was anything they can do to raise their grade
Explanation:
Answer:
Help them with there work so they can get better grades.
Explanation:
You are a nice friend.
The major cost saving associated with JIT systems comes from:
A. early delivery of raw materials to production.
B. decentralization of manufacturing.
C. speeding up inventory turnover.
D. reduced spending on CRM activities.
The major cost saving associated with Just-In-Time (JIT) systems comes from- D. reduced spending on Customer Relationship Management (CRM) activities.
What is the reason?JIT systems focus on producing and delivering products exactly when they are needed, minimizing inventory and storage costs. By streamlining operations and closely monitoring customer demand, companies can allocate resources more efficiently and reduce spending on CRM activities.
This is because the improved efficiency of JIT systems allows for better customer satisfaction, reducing the need for extensive CRM efforts.
Ultimately, JIT systems lead to cost savings by optimizing production processes and minimizing excess inventory, while also indirectly reducing CRM expenses.
To know more on CRM visit:
https://brainly.com/question/13100608
#SPJ11
What is Manny Khoshbins net worth?
Answer:
What is Manny Khoshbins net worth ?
Explanation:
Manny Khoshbin Net Worth is $200 million.
Iranian-born author and serial entrepreneur Manny Khoshbin is well-known for the real estate empire. The estimated net worth of Manny Khoshbin is $100 million.
Explain about the Manny Khoshbins and his net worth?Khoshbin Company is just the president and CEO of one of the top businesses in Orange County, California.
He leapt at the chance to buy a petrol station for a little less than 10% monthly payments when it was presented to him. But the transaction ended up being a fraud, and he forfeited everything. He attempted to obtain a permit the next year despite the fact that he was now in need of money, which led to his working as a loans office for such a mortgage company. In six months, he became able to make investments in distressed bank-owned buildings with the aid of his individual real estate business. Through his Khoshbin Company, he has a complex of 2.2 millions square feet in commercial real estate spread over six states.So, the estimated net worth of Manny Khoshbin is $100 million.
To know more about the net worth, here
https://brainly.com/question/12371230
#SPJ4
Scientific management is the study of work methods to improve the productivity of _____.
A.accounting practices
B.the supply chain
C.individual workers
D.external vendors
Answer:
C. Individual workers
Explanation:
Men and women may be paid different wages under the Equal Pay Act when payment is made pursuant to a _____.
Based on the Equal Pay Act of 1963, Men and women may be paid different wages under the Equal Pay Act when payment is made under a "seniority system, a merit system, or a system that measures earnings by quantity or quality of production."
This is to make men and women have equal pay except for seniority or merit to those who deserve higher pay.
The United States Congress signed the Equal Pay Act of 1963 under President John F. Kennedy in his New Frontier Program.
The Equal Pay Act of 1963 was made to amend the Fair Labor Standards Act.
Hence, in this case, it is concluded that the Equal Pay Act of 1963 only makes men earn higher than women when it is based on seniority or merit.
Learn more about Equal Pay Act here: https://brainly.com/question/15413357
the increase of farmers in the west after the civil war was caused, primarily, by group of answer choices the belief in economic opportunity by many americans. the decline of ranching. an increase in the birthrate of the western farmers. failed miners looking for new occupations.
The increase of farmers in the west after the civil war was caused, primarily, by C) the belief in economic opportunity by many Americans. So that, each of people in the west after civil war mostly become a farmer.
After the Civil War, drought, plagues of grasshoppers, boll weevils, rising costs, falling prices, and high interest rates made it increasingly difficult to make a living as a farmer. The widespread destruction of the war plunged many small farmers into debt and poverty, and led many to turn to cotton growing. The increased availability of commercial fertilizer and the spread of railroads into upcountry white areas, hastened the spread of commercial farming.
Here you can learn more about widespread destruction of the war https://brainly.com/question/29835173
#SPJ4
Determining which goods or services will help solve the identified problem and comparing the available alternatives describes which of the five stages of decision making listed below? Purchase Evalutaion of Alternatives Information Search Need Recognition
Answer:
Evalutaion of Alternatives
Explanation:
its the one i picked i got a 100 bro
How much would $100, growing at 5% per year, be worth after 75 years?. A.$4,077.43. B.$4,281.30. C.$3,883.27. D.$3,689.11. E.$4,495.37
Option C is correct. If it grows at an annual rate of 5%, the value of $100 after 75 years is $3,883.27.
The formula for compound interest is Cn = C1(1 + i) raised to the power "n". where Cn is the principal plus accrued interest, C1 is the principal, i is the interest rate, and n is the number of years. So the calculation is:
Cn = $100 * (1 + 0.05) increased to 75
Cn = $100 * 38.8326
Cn = $3,883.27
Compound interest is interest on savings calculated on both the principal and the interest accumulated from previous periods.
"Interest on interest" or the power of compound interest probably originated in Italy in the 17th century. The total increases faster than simple interest, which is calculated on principal only.
With compound interest, money doubles at an accelerated rate, and the higher the number of compounding periods, the higher the compound interest.
Know more about annual rate here:
https://brainly.com/question/17613825
#SPJ4
3 · 32 + 8 ÷ 2 − (4 + 3)
A.
30
B.
23
C.
24
D.
32
3. The answer is 24 [c]
A person or business that offers loans at extremely high interest rates Select one: a. Creditor b. Entrepreneur C. Bank d. Loan shark.
d. Loan shark. a person or entity that provides loans with exorbitant interest rates.
Why are interest rates so high?So, why are interest rates rising? The most straightforward argument is that rising inflation is the source of rising interest rates. The Federal Reserve raises interest rates in an effort to stifle inflation by curbing economic expansion. This trend is anticipated to last through the end of 2022 and into 2023.
How is interest rate calculated?The basic interest formula is as follows: Interest is equal to P, R, and T. P is the principal sum (the beginning balance). Interest rate, R (usually per year, expressed as a decimal).
To know more about interest rates visit:
https://brainly.com/question/13324776
#SPJ4
The task of organizing includes which activities?
The task of organizing includes arranging and structuring work.
Assigning duties, classifying them into departments, distributing authority, and allocating resources across the organisation are all aspects of organizing. Managers organize personnel, assets, rules, and practices throughout the organizing phase in order to facilitate the plan's objectives.
Planning ahead will help you do your work accurately and prevent mistakes that could cost you money. Planning ahead and organizing your work will increase your efficiency and productivity. You can accomplish significant goals and objectives by maintaining good organisation and creating successful plans.
Understanding key ideas like task specialization, chain of command, authority, delegation, range of control, and centralization versus decentralization is essential for effective organizing.
To know more about Planning, visit;
https://brainly.com/question/27989299
#SPJ4
Arrange the steps of the decision-making process to solve a problem in the correct order.
Answer:
add, mutilply, subtract, and divide
Explanation:
i want to say that because we was taught that in school a special unique was taught to learn it
Answer:
see image for the exact answer
Explanation:
small companies are particularly adept at competing with larger companies when they focus on: a. becoming a low-cost producer. b. customer service. c. mass market advertising.
The small companies are particularly adept at competing with the larger companies when they focus on customer service.
What is customer service?Customer service is the direct one-on-one communication between a buyer and a salesperson from the business they are buying from. The majority of retailers view this face-to-face engagement as a crucial element in assuring customer happiness and promoting repeat business. Even now, when a large portion of customer service is handled by automated self-service platforms, most firms still view the ability to speak with a live person as essential. In the majority of businesses, employees who never interact with customers work behind the scenes. The people who deal directly with customers are customer service agents. The interaction with that person has a significant impact on how customers view the business and the product.
To learn more about customer service, visit:
https://brainly.com/question/19049484
#SPJ4
Eli owns an insurance office, while Olivia operates a maintenance service that provides basic custodial duties. For the month of May, the following transactions occurred. May 2 Olivia decides that she will need insurance for a one-day special event at the end of the month and pays Eli $300 in advance. May 5 Olivia provides maintenance services to Eli’s insurance offices on account, $425. May 7 Eli borrows $500 from Olivia by signing a note. May 14 Olivia purchases maintenance supplies from Spot Corporation, paying cash of $200. May 19 Eli pays $425 to Olivia for maintenance services provided on May 5. May 25 Eli pays the utility bill for the month of May, $135. May 28 Olivia receives insurance services from Eli equaling the amount paid on May 2. May 31 Eli pays $500 to Olivia for money borrowed on May 7.
Record transactions for (((Olivia’s )))Maintenance Services.
Using the format shown below, enter the impact of each transaction on the accounting equation for each company.
ELI’S INSURANCE SERVICES OLIVIA’S MAINTENANCE SERVICES
Assets = Liabilities + Stockholders' Equity Assets = Liabilities + Stockholders' Equity
May 2 $300 $300 $0 $300 $0 $0 $(300)
5
7
14
19
25
28
31
Olivia's Maintenance Services received $300 in advance for insurance services, provided maintenance services worth $425 on account, purchased supplies for $200 in cash, and received $425 in payment for the services provided.
The maintenance services had no impact on liabilities or stockholders' equity, except for the recognition of $300 in revenue on May 28.
May 2:
Eli's Insurance Services:
Assets: +$300 (Cash) Liabilities: +$300 (Accounts Receivable)
No impact on stockholders' equity.
Olivia's Maintenance Services:
Assets: -$300 (Cash) Liabilities: $0 Stockholders' Equity: +$300 (Revenue - Unearned)
Olivia receives $300 in advance for the insurance services to be provided at the end of the month. This transaction increases her stockholders' equity as unearned revenue.
May 5:
Eli's Insurance Services:
Assets: +$425 (Accounts Receivable) Liabilities: +$425 (Accounts Payable)
No impact on stockholders' equity.
Olivia's Maintenance Services:
Assets: +$425 (Accounts Receivable) Liabilities: +$425 (Accounts Payable)
No impact on stockholders' equity.
May 7:
Eli's Insurance Services:
Assets: +$500 (Cash) Liabilities: +$500 (Notes Payable)
No impact on stockholders' equity.
Olivia's Maintenance Services:
Assets: +$500 (Notes Receivable) Liabilities: +$500 (Cash)
No impact on stockholders' equity.
May 14:
Eli's Insurance Services:
No impact on assets, liabilities, or stockholders' equity.
Olivia's Maintenance Services:
Assets: -$200 (Cash) Liabilities: -$200 (Accounts Payable)
No impact on stockholders' equity.
May 19:
Eli's Insurance Services:
Assets: -$425 (Cash) Liabilities: -$425 (Accounts Payable)
No impact on stockholders' equity.
Olivia's Maintenance Services:
Assets: +$425 (Cash) Liabilities: -$425 (Accounts Receivable)
No impact on stockholders' equity.
May 25:
Eli's Insurance Services:
Assets: -$135 (Cash) Liabilities: -$135 (Accounts Payable)
No impact on stockholders' equity.
Olivia's Maintenance Services:
No impact on assets, liabilities, or stockholders' equity.
May 28:
Eli's Insurance Services:
Assets: -$300 (Accounts Receivable) Liabilities: -$300 (Revenue - Unearned)
Stockholders' Equity: +$300 (Service Revenue)
Eli provides insurance services to Olivia, and the unearned revenue is recognized as revenue, increasing stockholders' equity.
Olivia's Maintenance Services:
No impact on assets, liabilities, or stockholders' equity.
May 31:
Eli's Insurance Services:
Assets: -$500 (Cash) Liabilities: -$500 (Notes Payable)
No impact on stockholders' equity.
Olivia's Maintenance Services:
Assets: +$500 (Cash) Liabilities: -$500 (Notes Receivable)
No impact on stockholders' equity.
To know more about insurance click here
brainly.com/question/32233665
#SPJ11
When completing talent inventories for current employees, HR is interested in knowing more about their current employees, so if the time arrives they can replace the individual who not only meets the job specification, but also has the same traits as the previous employee. This is known as the ________ approach to performance management.
Answer:
attribute
Explanation:
Since it is mentioned in the question that after completing the talent inventories HR is interested in knowing more about the current employees in order to replace an individual in case it is needed.
Also, an individual should have the same traits, attributes, or characteristics as the previous employee had. As this approach derives the employees characteristics along with the job specification
So this approch we are known as an attribute for management performance
Compensatory damages received on account of physical personal injury or physical sickness can be excluded from gross income. b. A payment for damaged or destroyed property is treated as an amount received in a sale or exchange of the property. c. Compensatory damages awarded on account of emotional distress cannot be excluded. d. Punitive damages are excluded from gross income. e. Compensatory damages received for age discrimination or injury to one's reputation cannot be excluded.
Answer:
a. True.
b. True.
c. True.
d. False.
e. True.
Explanation:
Taxation can be defined as the involuntary or compulsory fees levied on individuals or business entities by the government to generate revenues used for funding public institutions and activities.
The different types of tax include the following;
1. Income tax: a tax on the money made by workers in the state. This type of tax is paid by employees with respect to the amount of money they receive as their wages or salary.
2. Property tax: a tax based on the value of a person's home or business. It is mainly taxed on physical assets or properties such as land, building, cars, business, etc.
3. Sales tax: a tax that is a percent of the price of goods sold in retail stores. It is being paid by the consumers (buyers) of finished goods and services and then, transfered to the appropriate authorities by the seller.
The following are considered when filing for tax;
a. True: compensatory damages received on account of physical personal injury or physical sickness can be excluded from gross income.
b. True: a payment for damaged or destroyed property is treated as an amount received in a sale or exchange of the property.
c. True: compensatory damages awarded on account of emotional distress cannot be excluded.
d. False: punitive damages are excluded from gross income. All punitive damages incurred by a business or an individual are to be included as part of gross income.
e. True: compensatory damages received for age discrimination or injury to one's reputation cannot be excluded.
What is a Target Market ? A Marketing with a bullseye goal . B Customers to whom a company wants to sell its products and services
Answer:
Customers to whom a company wants to sell its products and services
Explanation:
When I decided to set up my own business, I decided to focus on just those customers who wanted just the product I invented. They are my target customers and I'll focus my advertising on just their needs and interests. That will be my target market.
can anyone answer this question it important
Answer:
I think it's private it's the most logical answer
Which descriptions offer examples of Consumer Services workers? Check all that apply.
Agatha helps people having a difficult time applying for loans.
Yasmine manages apartment buildings, and oversees their rentals to tenants.
Titus cares for young children in private homes.
Enrique responds to customers to resolve their complaints about items they purchased.
Deshawn organizes activities, programs, and events for a religious group.
Zoe organizes and oversees funeral services.
Answer:
Agatha helps people having a difficult time applying for loans.
Yasmine manages apartment buildings, and oversees their rentals to tenants.
Enrique responds to customers to resolve their complaints about items they purchased.
Explanation:
Just answered this question.
Answer:
abd
Explanation:
1. What is the amount charged for failing to provide a Social Security number on your tax return?
A. $15.00
B. $50.00
C. $75.00
D. $35.00
Answer:
B. $50.00
Explanation:
The penalty for failing to supply the Social Security number when submitting tax returns is $50. The penalty may also apply when one fails to provide the SSN in statements or other documents being submitted to the tax agency.
2. A closer estimate of the total cost can be made by including the estimated sales tax. Use a formula to calculate the estimated cost for July 2014 using 7% sales tax. Then, write the formula you used and the estimated cost in the cell below. Hint: Convert 7% into a decimal for the formula.
Answer: Hello your question has some missing details hence I will provide an answer based on the general scope of your question
answer ; =([Cost] * 1.07)
Explanation:
Assuming the table heading for estimated cost in July 2014 is named "Cost"
Total estimated cost
Total = Cost * ( 1 + Sales Tax )
= Cost * ( 1 + 0.07 )
= Cost * 1.07
Excel equivalent formula used that can be used = ([Cost] * 1.07)
apple employs about double the number of employees outside the us but pays almost three times more wages in the us. this shows that:
Apple values its US employees more than its non-US employees. It may be due to a variety of factors such as higher labour costs, stricter regulations, more competitive labour market, and a greater need for skilled labour in the US.
Apple supports a good work-life balance. For new recruits, paid time off (PTO) for vacation and sick days ranges from 15 to 20 days annually. For more senior personnel, this climbs to between 20 to 30 days vacation and leave days a year
We provide a variety of flexible medical plans that include both physical and emotional healthcare since we understand that everyone has different needs and schedules. Employees can also get free, private counselling virtually or in person, as well as access medical professionals almost anywhere.
To know more about Apple here
https://brainly.com/question/17438435
#SPJ4
nike owns equipment that cost $98,300 with accumulated depreciation of $67,200. nike asks $36,200 for the equipment but sells the equipment for $33,800. compute the amount of gain or loss on the sale.
There is a $2800 gain on the sale if Nike sells the equipment for $33,800.
Salvage value can be described as the estimated value of an asset after depreciation. It can be calculated by subtracting the accumulated depreciation from the initial cost. In this case, Nike owned the equipment that cost $98,300 with accumulated depreciation of $67,200, therefore the salvage value can be calculated as follows;
salvage value = $98,300 - $67,200 = $31,000
Now the amount of gain or loss on the sale can be calculated by subtracting the salvage value from the selling price of the equipment which in this case is $33,800, therefore;
amount of gain or loss = $33,800 - $31,000
amount of gain or loss = $2800
Therefore the amount computed on the sale is a gain of $2800.
To learn more about salvage value; click here:
https://brainly.com/question/28344861
#SPJ4
What is the difference between a job, a career, and a profession?
net sales are $300,000, cost of goods available for sale is $280,000, and gross profit percentage is 35%. What is the amount of ending inventory
The amount of ending inventory is $42,000.How to find the amount of ending inventory can calculate the amount of ending inventory using the given information:First, find out the cost of goods sold (COGS) by using the gross profit percentage.
Gross profit percentage = (Net sales - COGS) / Net sales 35%
= ($300,000 - COGS) / $300,000 Multiplying both sides by $300,000, we get:($300,000)(0.35)
= $300,000 - COGS$105,000
= $300,000 - COGSCOGS = $195,000Now, we can use the following formula to find out the ending inventory:Ending inventory
= Cost of goods available for sale - Cost of goods sold Ending inventory
= $280,000 - $195,000Ending inventory
= $85,000However, this is the cost of the inventory. To find the amount of ending inventory, we need to subtract the ending inventory cost from the cost of goods available for sale.
Amount of ending inventory = Cost of goods available for sale - Ending inventory Amount of ending inventory = $280,000 - $85,000Amount of ending inventory = $195,000Therefore, the amount of ending inventory is $42,000.
To know more about Inventory visit:
https://brainly.com/question/28137070
#SPJ11
Jamie is researching places to live after graduating college he asked you I keep coming across as phrase cost-of-living I’ve never heard of it before do you know what it means which of the following definitions would you choose to explain to Jamie about cost-of-living means
Answer:
The cost of living refers to the prices of goods and services needed to sustain an average level standard of living in an area
Explanation:
The cost of living refers to the cost of keeping up with a given standard of living. It is the amount Jamie would need to keep up with basic expenses such as food, housing, clothing and medical care. Cost of living compares the expense between living in two different areas. Jamie's cost of living is tied to his wages and it can be measured using what is called purchasing power parity.
Jerry is appraising a five-bedroom home in the suburbs. After identifying the purpose of the appraisal, what does he need to do next
Based on the provided information, After identifying the purpose of the appraisal, Jerry should Identify what data is needed.
Appraisal can be regarded as formal assessment which could be inform of interview as regards performance of an employee .
Since, Jerry has appraise the five-bedroom home in the suburbs, Therefore, Jerry should Identify what data is needed after identification
Learn more about appraisal at;
https://brainly.com/question/13171394
In your own words, what is a franchise?
List 3 examples of franchises
1.
2.
3.
If you had to open a franchise and money was not an issue, which franchise would you choose and why?
Where would you open the franchise? Cleburne? In Texas? Where?
Answer:
an authorization granted by a government or company to an individual or group enabling them to carry out specified commercial activities, e.g., providing a broadcasting service or acting as an agent for a company's products.
1.Restaurants,
2.hotels,
3.resorts
hotel, because In the case of a hotel franchise, the franchisor is going to be a hotel brand, such as Hyatt, Hampton, or Sheraton, to name a few.
Answer:
I would choose the Franchise Dunkin Donuts since many people get hungry in the morning. And since plenty of people work in the day times. It would be a mastermind full proof plan of sweet success.
Explanation: I eat books
Calculate the amount of money Tiffany had to deposit in an investment fund growing at an interest rate of 3.00% compounded annually, to provide his daughter with $15,500 at the end of every year, for 2 years, throughout undergraduate studies.
To calculate the amount of money Tiffany needs to deposit in the investment fund, we can use the formula for the present value of an ordinary annuity.
Given:
Desired annual payment: $15,500Interest rate: 3.00% compounded annuallyNumber of periods: 2 yearsUsing the formula:
Present Value = Payment × [(1 - (1 + Interest Rate)^(-Number of Periods)) / Interest Rate]
Plugging in the values:
Present Value = $15,500 × [(1 - (1 + 0.03)^(-2)) / 0.03]
Simplifying the equation will give us the amount of money Tiffany needs to deposit in the investment fund to provide his daughter with $15,500 at the end of every year for 2 years throughout her undergraduate studies.
Learn more about investment fund
https://brainly.com/question/29972619
#SPJ11
If an error is found when posting to the ledger, how would it be corrected?
Most time, when an error is found when posting to the ledger, it would be corrected by reversing the incorrect entry and use a second journal entry to record the transaction correctly,
What is a ledger error?In a ledger, the error can be called a wrong posting may be in the forms of posting a wrong amount to a ledger account or posting to the wrong side of an account or double posting.
All these type of errors affect mostly only one side of ledger accounts and they are mostly revealed by the trial balance through disagreement of debit and credit totals.
Read more about ledger
brainly.com/question/28427973
#SPJ1