Answer:
The correct option is (b).
Explanation:
The regression equation to predict the bank's charges (Y) measured in dollars per month for services rendered to local companies based upon the company's sales revenue (X) measured in millions of dollars is:
[tex]\hat Y=-3100+27X[/tex]
The y-intercept of the line is, -3100.
The slope of the line is, 27.
The y-intercept of a regression line is defined as the average value of the dependent variable when the independent variable value is 0.
The dependent variable, in this case, is the bank's charges and the independent variable is the company's sales revenue.
As the company's sales revenue cannot be $0, the y-intercept cannot be interpreted.
Thus, the correct option is (b).
What companies are affected badly by corona?
Answer:
mostly food companies
Explanation:
food companies are basically struggling alot!
What does the Paradox of Value explain
Answer:
The paradox of value (also known as the diamond–water paradox) is the contradiction that, although water is on the whole more useful, in terms of survival, than diamonds, diamonds command a higher price in the market.
Explanation:
In two to three sentences, answer the following:
What information you can obtain from a stock quote?
Answer:
The information that we can get from stock quote is about bidding price, details of previous bidding, etc.
Explanation:
A stock quote can be defined as the last price of stock of exchange. It is the price on which the traders and the buyers consented in their last trade or exchange.
The details that a stock quote provides is the price of last bid, volume of trade, bid price, volume of trade. The buyers and traders can access this information either on their phones, newspapers, news media, online portals etc. The stock quote is shown in decimals.
Define Red Gross Society.
Answer:
did you mean red cross?
Explanation:
It is an international humanitarian organization established by Geneva Organization to provide medical care.
4x+2/2 -(-2x)
Like ansa it now
Answer:
6x + 1
Explanation:
Given
4x+2/2 -(-2x)
Required
Solve
To start with, rule of BODMAS must be applied; meaning that we start by simplifying the bracket.
4x+2/2 -(-2x) becomes.
4x + 2/2 + 2x
The next step is to simplify all divisions.
4x + 2/2 + 2x becomes
4x + 1 + 2x
Collect like terms
4x + 2x + 1
6x + 1
Hence,
4x+2/2 -(-2x) is equivalent to 6x + 1
A down payment is usually what percentage of the asking price of a home?
05 percent
5-20 percent
20-50 percent
50-75 percent
A down payment is usually what percentage of the asking price of a home is 5-20 percent. People take out a loan to cover the remainder of the purchase price of the Home.
What is down payment?
A down payment is a sum of money given by a buyer at the beginning of the buying process for a costly item or service.
Because the down payment is only a portion of the total purchase price, the buyer will almost certainly need to borrow the balance.
Thus, option B is correct.
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Answer: B or 5–20 percent
A down payment is usually what percentage of the asking price of a home?
0–5 percent
√5–20 percent
20–50 percent
50–75 percent
Explanation:
The management of company B believes that money is the only way to motivate employees. Do u agree.justify ur answer?pls
Answer:
There are actually two answers to this question its a Yes and a No
Explanation:
The reason is some employees are realistic enough to be encourage by words WHILE some others believed to be encouraged by money but from my POV I think no
The adjusted trial balance for Yondel Company at December 31, 2018 is presented below: Accounts Debit Credit Cash $ 8,000 Prepaid rent 23,000 Land 445,000 Accounts payable $ 12,000 Salaries payable 20,000 Common stock 230,000 Retained earnings 109,000 Dividends 14,000 Service revenue 340,000 Salaries expense 160,000 Rent expense 29,000 Utilities expense 32,000 Totals $ 711,000 $ 711,000 Prepare the closing entries for Yondel Company for the year ended December 31, 2018.
Answer:
Explanation:
Cash =8000
Prepaid rent = 23,000
Land = 445000
Accounts payable = 12,000
Salaries payable = 20,000
Retained earnings = 109,000
Dividends = 14,000
Service revenue = 340,000
Salaries expenses = 160,0000
Rent expenses = 29,000
Utilities expenses = 32,000
Net income = Service revenue - Salaries-Rent-Utilities-
=340,000-160,000-29,000-32,000 = 119,000
Journal
1. Debit Service revenue - 340,000
Credit income summary - 340,000
2, Debit Income summary - 221,000
Credit Salaries expenses 160,000
Credit Rent expenses 29,000
Credit Utilities expenses 32,000
3 Debit Income summary 119,000
Credit retained earnings 119,000
4 Debit retained earnings 14,000
Credit retained earnings 14,000
Swain company manufactures one product, it does not maintain any beginning or ending inventories, and its uses a standard cost system. the company's beginning balance in retained earnings is $65,000. it sells one product for $170 per unit and it generated total sales during the period of $603,500 while incurring selling and administrative expenses of $54,500. swain company does not have any variable manufacturing overhead costs and its standard cost card for its only product is as follows:
Answer:
Budgeted COGS = $134 x 3,550 units = $479,250
Actual COGS = $482,151.42, so the total variance was $2,901.42 U
Swain Company
Income statement
Total revenue $603,500
COGS: ($482,151.42)
Direct materials $217,925.67Direct labor $14,300.75Fixed overhead $249,925Gross profit $121,348.58
S&A expenses ($54,500)
Net profit $66,848.58
Retained earnings = $65,000 + $66,848.58 = $131,848.58
Explanation:
retained earnings $65,000
total sales $603,500
number of units sold = $603,500 / $170 per unit = 3,550 units
selling and administrative expenses $54,500
materials quantity variance = (actual quantity - standard quantity) x standard price = $9,250 favorable. This means that the company used fewer materials than budgeted: -$9,250 = (actual quantity - 24,850) x $9
actual quantity used = (-$9,250 / $9) + 24,850 pounds = 23,822.22 pounds less
materials price variance = (actual cost - standard cost) x units purchased = $3,525 U. This means that the company paid $3,525 more for materials than it had estimated: $3,525 = (actual cost - $9) x 23,822.22 pounds
actual cost = ($3,525 / 23,822.22 pounds) + $9 = $9.148 per pound
*the only way 2 labor hurs x standard cost = $1, is that standard cost = $0.50
labor efficiency variance = (actual hours - standard hours) x standard rate = $6,725 = (actual hours - 7,100) x $0.50:
actual hours = ($6,725 / $0.50) + 7,100 = 20,550 hours
labor rate variance = actual hours x (actual rate - standard rate) = $4,025 = 7,660.42 hours x (actual rate - $12):
actual rate = ($4,025 / 20,550 hours) + $0.50 = $0.6959
fixed overhead budget variance = actual fixed overhead - budgeted overhead = $1,425 U = actual fixed overhead - $248,500:
actual fixed overhead = $248,500 + $1,425 = $249,925
actual fixed overhead per unit = $249,925 / 3,550 = $70.4014
fixed overhead volume variance = (actual hours - standard hours) x actual fixed overhead per unit = -$6,000 F = (actual hours - 3.5 hours) x $70.4014:
actual overhead hours = (-$6,000 / $70.4014) + 12,425 hours = -85.23 + 12,425 = 12,339.77 hours
How much would $20,000 due in 50 years be worth today if the discount rate were 7.5%?a. $438.03b. $461.08c. $485.35d. $510.89e. $537.78
Answer:
The present value is $537.78
Explanation:
Given
[tex]Future\ Value\ (FV) = \$20,000\\Time (T) = 50\ Years\\Discount\ Rate\ (R)= 7.5\%[/tex]
Required
The Present Value(I)
To calculate the present value, we simply apply the formula for future value;
[tex]FV = I *(1 + R)^T[/tex]
Substitute 20,000 for FV; 50 for T and 7.5% for R;
This gives
[tex]20,000 = I *(1 + 7.5\%)^{50}[/tex]
Convert percent to decimal
[tex]20,000 = I *(1 + 0.075)^{50}[/tex]
[tex]20,000 = I *(1.075)^{50}[/tex]
[tex]20,000 = I *37.19[/tex]
Divide both sides by 37.19
[tex]\frac{20,000}{37.19} = \frac{I *37.19}{37.19}[/tex]
[tex]\frac{20,000}{37.19} = I[/tex]
[tex]537.778 = I[/tex]
[tex]I = 547.78\ (Approximated)[/tex]
Hence, the present value is $537.78
Forrester Company is considering buying new equipment that would increase monthly fixed costs from $120,000 to $150,000 and would decrease the current variable costs of $70 by $10 per unit. The selling price of $100 is not expected to change. Forrester's current break-even sales are $400,000 and current break-even units are 4,000. If Forrester purchases this new equipment, the revised break-even point in dollars would be: $300,000. $400,000. $325,000. $500,000. $375,000.
Answer: $375,000
Explanation:
Given the following :
Selling price = $100
New variable cost per unit =$(70 - 10) = $60
New fixed cost = $150,000
Break-even point in dollars:
Fixed costs/Contribution margin ratio
contribution Margin Ratio
[(selling price per unit - total variable cost per unit) /selling price per unit]
= [($100 - $60) / $100]
$40 / $100 = 0.4 = 40%
Break-even point in dollars:
$150,000 / 0.4 = $375,000
Here is some basic data for Delta Manufacturing: Cost of materials purchases on account $ 77,000 Cost of materials requisitioned (includes $2,000 of indirect) 45,000 Direct labor costs incurred 80,000 Manufacturing overhead costs incurred, including indirect materials 98,000 Cost of goods completed 276,600 Cost of goods sold 149,000 Beginning raw materials inventory 19,000 Beginning work in process inventory 35,000 Beginning finished goods inventory 25,000 Predetermined manufacturing overhead rate (as % of direct labor cost) 120% The journal entry to record actual manufacturing overhead costs includes a
Answer:
Overheads $498,000 (debit)
Cash $498,000 (credit)
Explanation:
First calculate the Amount of Actual overhead incurred (overheads are indirect manufacturing costs)
Manufacturing overheads incurred = $498,000
Journal Entry
Overheads $498,000 (debit)
Cash $498,000 (credit)
This journal is different from that of recording applied overheads which is shown as follows :
Work - In - Process $ 96,000 (debit)
Overheads $ 96,000 (credit)
Overheads amount = 80,000 × 120% = $ 96,000
i will give brainliest if correct
Which two sentences describe the characteristics of a corporation?
The company is treated as a separate tax entity by law.
The owners have to accept partial liability for debts.
It is possible to raise large amounts of capital by selling company stock.
The owners are known as corporators.
Answer:
I believe that it is A and C
Explanation:
Answer:
I believe that it is A and C
Explanation: on plato
Primare Corporation has provided the following data concerning last month’s manufacturing operations. Purchases of raw materials $ 32,000 Indirect materials included in manufacturing overhead $ 4,680 Direct labor $ 59,300 Manufacturing overhead applied to work in process $ 87,100 Underapplied overhead $ 4,100 Inventories Beginning Ending Raw materials $ 11,200 $ 20,000 Work in process $ 56,000 $ 68,500 Finished goods $ 34,900 $ 43,700 Required: 1. Prepare a schedule of cost of goods manufactured for the month. 2. Prepare a schedule of cost of goods sold for the month. Assume the underapplied or overapplied overhead is closed to Cost of Goods Sold.
Answer and Explanation:
1. The Preparation of schedule of cost of goods manufactured for the month is prepared below:-
Primare Corporation
Schedule of Cost of Goods manufactured
Particulars Amount
Direct Materials:
Beginning Raw Material $11,200
Add: Raw Material purchases
during the month $32,000
Total Raw Material available $43,200
Less: Ending Raw material $20,000
Raw Material used in production $23,200
Less: Indirect Material included in
manufacturing Overhead $4,680 $18,520
Add: Direct labor $59,300
Add: Manufacturing overhead
applied to work in process $87,100
Total Manufacturing Costs $164,920
Add: Beginning Work In Process $56,000
Less: Ending Work in Process $68,500
Cost of Goods manufactured $152,420
2. The Preparation of schedule of cost of goods sold for the month is prepared below:-
Primare Corporation
Schedule of Cost of Goods Sold
Particulars Amount
Beginning finished Goods Inventory $34,900
Add: Cost of Goods Manufactured $152,420
Goods available for sale $187,320
Less: Finished Goods Inventory, Ending $43,700
Unadjusted cost of goods sold $143,620
Add: Under-applied Overhead $4,100
Cost of Goods Sold adjusted $147,720
(Under-applied overhead refers that there was less overhead applied that is Actual overheads are more than the overhead applied, thus adding to the cost of the goods sold)
JohnBoy Industries has a cash balance of $54,000, accounts payable of $134,000, inventory of $184,000, accounts receivable of $219,000, notes payable of $129,000, and accrued wages and taxes of $41,500. How much net working capital does the firm need to fund?
Answer:Net working capital = $152,500
Explanation:
Net working capital = CA– CL
Where CA= Current Assets = Cash + Inventory + Accounts Receivable
and CL= Current Liabilities= Account payable + Notes payable + accrued wages and taxes
CA=$54, 000 + $184,000 + $ 219,000 =$457,000
Current liabilities = Account payable + Notes payable + accrued wages and taxes
CL = $134,000 + $129,000 + $41,500 = $304,500
Net working capital = Current assets – Current liabilities
Net working capital = $457,000 – $304,500= $152,500
Net working capital = $152,500
1. Do you believe E-sports will continue to grow in the future? Why or why not?
Answer: I don’t really know but I think it will still be popular and lots of people will still play no matter what
Answer:
In terms of video games, yes. Because, everyone can play videogames, but not everyone can compete in physical sports.
Explanation:
I don't need to give an explanation since it's my opinion. So don't report this answer please...
Devon forgets to pay her credit card bill for three months. What is the impact of her forgetfulness? (choose ALL correct answers) *A late payment fee will be charged to her account *A balance transfer fee will be charged to her account *Her A.P.R. (interest rate) will rise to 30.24% until she pays back the amount she owes. *Her A.P.R. (interest rate) will rise to 30.24% and stay there until she makes six consecutive minimum payments
Answer:
A late payment fee will be charged to her account.
Explanation:
As mandated by law one is expected to pay outstanding credit card balances within a 21 days period after which you may face additional charges and restrictions.
Since in Devon's case she forgot her credit card bill for up to three months her account would have already been charged a late payment fee from the very first month and this fee will continue to increase in line with the Credit CARD Act of 2009.
General Mills began losing market share for Go-gurt when its biggest competitor began to focus on kids' yogurt. Which step of the market research process does this statement best correlate with?
a. Analayzing data
b. Data collection
c. Choosing the data collection method
d. Analyze and interpret the data
Answer:
b. Data collection
Explanation:
General Mills is only at the first stages of the market research process, which include: diagnosis of the problem, definition of the problem, and data collection.
General Mills has found that it's lost market share to its biggest competitor because the competitor decided to focus on a particular type of yogurt. This is Data collection.
However, a capacity utilization rate that is nearing 100% is ............... because .......
Answer:
A capacity utilization rate that is nearing 100% is ideal because it means that company's actual output is almost the same as its maximum possible output.
Explanation:
Capital utilization rate is used to calculate the rate at which levels of output are met. It is defined by the given formula:
Capacity utilization = (Actual level of output / Maximum level of output) · 100
If the Capacity utilization rate is near 100%, it means that actual level of output is almost same as the maximum level of output, which is considered as the Ideal rate.
Ideal rate is usually not possible because there are a lot of hurdles in the processes. A rate of 85% is considered the optimal rate for most companies.
How can the government efficiently encourage an optimal level of research and
development?
O All of these answers
Provide grants to academic and private researchers
O Fund research directly
O Enforce an effective patent system
Answer:
Enforce an effective patent system
Explanation:
Patent is defined as the government authority that bestows the full right and title of ownership to an investor in order to keep others away from making and selling such invention for a defined period of time.
The enforcement of effective patent system serves as incentives for optimal level of research and development as researchers feel recognized for their efforts and will be willing to do more as they know that inventions are now protected from duplication by others . Moreover , returns in investment are now guaranteed.
“Creditors do not actually have to worry about their dues in case the business fails.” In which
form of business is this possible? Which special feature is highlighted in this statement ?
Answer:
Sole proprietorship
The sole proprietor(not creditors but creditor) bears all losses
Explanation:
Sole proprietorship is a form of business in which there is no legal difference between the owner and the business entity as both are one and the same. The term 'sole' connotes 'only' while 'proprietorship' connotes 'owner(ship)'; it is also referred to as individual entrepreneurship. This is because only the owner of the business (the proprietor) bears all the risks (losses, debts, legal actions etc) and benefits (profits, dividends etc) of the business venture. He owns all the assets of the business venture, debts as well as the legal actions (whether positive or negative); when business is faring well, he enjoys a handsome profit and when business is struggling, he also bears the brunt of it.
The special feature highlighted in the statement above is the reality that the "creditors" refers simply and only to the proprietor (the owner of the business); in which case, if the business fails, the proprietor does not have to bother about the backlash from creditors' pressures, legal actions etc. He is the sole bearer of the losses of the business venture.
A checking account has cash that you can use at your disposal. So, when the pharmacist asked “Cash or Credit?”, why did you say “debit” instead of either of the other two options?
Answer:
Credit:Credit is usually less used than the cash and debit. The reason is that credits can help you build high balances, as it help you spend money which you currently don't have, which you may or may not be able to pay by the end of the month. If you are not able to pay by the end of the month, interest charges will be applied, and your financial hardships will easily grow.
If you have a checking account with enough cash, you simplify don't need to go for credit to avoid such a situation.
Cash:The use of cash is reducing day by day. The main reason is that you have to decide before leaving the house how much cash you should carry. If your wallet gets lost, money is gone. If you are at a shop and your money falls short, then you'll have to go to an ATM to withdraw some more. This may seem a lot of hassle for some, and to avoid that people prefer to go for Debit.
Debit
Debit is considered the most friendliest way of transaction.
You don't have to worry all about the interest rates and the bills you get at the end of the month by using Credit, because you are using your own money from your current account to pay for purchases.
You also don't have to worry about carrying cash with you all the time. If your debit card gets misplaced, just report it and block it. You won't suffer any financial damage
Analyse the implications to Mr Flake’s business if: In May and June Mr Flake fell ill and he had to pay somebody else £1200 a month to run the business as well as himself? Answer: He received 6 more party bookings for September?
Answer:
1. Paying somebody else and himself represent cash outflow.
2. Party bookings represents forecasted cash inflow.
Explanation:
Remember, a cash flow shows where money is coming from into the accounts of a business and where money goes to from the accounts of the business. Inflows represent credit transactions into the business account, while the outflows represents debit transactions to external sources.
Thus, paying somebody else £1200 a month to run the business as well as himself (Mr Flake) both represents outflow of cash from his ice-cream business. But the 6 more party bookings for September represents cash inflows since he will be receiving a pay from the clients.
Choose two consumer protection laws and, in about 500 words, describe the benefits they provide for consumers and the costs to society.
Answer:
1. Federal Food, Drug, and Cosmetic Act :-
The act governs level of quality for those food, drugs , medical instruments, as well as beauty products produced and procured by customers in the market of America. Government control as well as regulation of these guidelines was also supplied for under the law.
2. Truth in Lending Act (TILA) :-
The Truth in Lending Act (TILA) relates to the federal law that allows borrowers to make some statements regarding consumer credit conditions and prices. TILA includes rules regulating accessible-end credit lines, closed-end personal loans, retail lending as well as private lending to college.
Answer:
See Explanation Below
Explanation:
Gramm-Leach-Bliley Act (GLBA): This Act of 1999 removed the barriers to consolidation among banking and other financial institutions and allowed the consolidation of a commercial bank, securities firm, investment bank, and insurance company. This Act is also known as the “Financial Services Modernization Act.” This Act allows consumers to use various financial services at a single financial institution. More importantly, the Gramm-Leach-Bliley Act provided limitations on the private information gained from consumers through the transactions performed through banks and other institutions. Private information cannot be sold to other entities without the permission of the consumer. In addition, the Gramm-Leach-Bliley Act makes the practice of obtaining information using false pretenses illegal. Because of the mergers of different types of financial institutions with the relaxation of barriers of consolidation, one entity could possibly have access to an individual’s financial, medical, and criminal history information through the merger of an insurance company and a brokerage company. Therefore, privacy legislation was needed to protect consumers with the Financial Services Modernization Act.
Fair Debt Collection Practices Act (FDCPA): This act prohibits debt collectors from making use of unfair means to recover overdue bills. Unfair means may include calling consumers at any time other than between 8:00 a.m. and 9:00 p.m. local time. It also prohibits using offensive language during the conversation over debt and demanding unjustified amounts not allowed legally. The FDCPA make consumers’ voices powerful by giving consumers more rights regarding how debts are collected from them. These rights include allowing consumers to sue debt collectors individually and to ban contact with consumers at work. Consumers can also seek proof that they actually do owe the money that the debt collector refers to. When first contacting a consumer, the debt collector must inform a debtor of his or her right to dispute the debt. The debt collector must also tell the debtor the amount of the debt, the name of the creditor, and the fact that the debt can be disputed within 30 days. Debt collectors can’t misrepresent themselves by claiming to be an attorney or an employee of a credit reporting agency.
The costs to society include the economic costs. Staffers, lawyers, and enforcement agencies are hired for the administration of these laws. Compliance with regulations requires that companies hire, train, and continually re-educate employees on how to comply with applicable laws. In addition, one provision of the FDCPA requires that consumers can recover reasonable attorney fees. Society needs to contribute for the payment of these services through taxes and also through the higher-priced products and services companies must assess in order to remain profitable
“A” represents the new quantity supplied, while “B” represents the new quantity demanded. What is the result of these changes?
equilibrium
supply shift
excess demand
excess supply
Based on this graph, what should happen to prices?
They should fall.
They should rise.
They should stay the same.
**PLEASE INCLUDE AN EXPLANATION!!
The result of the changes in the new quantity demanded and supplied would be called as:
d). Excess supply
On the basis of the graph, the price of the good would:
a). They should fall.
Demand and Supply
As represented by A and B, the increase in the price of the product would cause a fall in the demand of the product's quantity. As per the law of supply, the producers are willing to sell more goods at a higher price. While the law of supply states that the consumers demand the lower amount and therefore, the supply becomes excess, leading the price to fall.Thus, options d and a would be the correct answer.
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Answer:
first one: excess supply
second one: they should
Explanation:
after you analyzed demand, you took steps to make sure your business made sense financially. How will thinking on the margin help increase the chance of long-term success for your business, even if additional competition enters your community.
Answer:
Thinking on the margin will ensure that each pair of inserts produced is turning a profit. Once a profit is no longer being made on a pair of inserts, production must be cut back. Understanding these margins will also help me stay competitive in a market that is open to other producers. If additional producers enter the market, I know that I have the ability to lower prices or offer discounts while still maximizing profits.
Explanation:
The thinking of the margin that increase the chances of the long term success should be explained below.
Long term success:If we think on the margin so we assure that each & every pair of inserts generated should be converted in a profit. Once a profit is no longer being made on a pair of inserts, so here the production should be cut back. Understanding these margins will also help for stay competitive in a market.
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Kyei weighed half the total weight of his two brothers. his two brothers be weighed 44 1/2kg and 32 1/2kg.what was kyei's weight
Answer:
Kyei's weight = 38.5 kg
Explanation:
Given:
Kyei's brother's weight = 44.55 kg and 32.5 kg
Find:
Kyei's weight.
Computation:
⇒ Kyei's weight = Sum of Kyei's brother's weight / 2
⇒ Kyei's weight = [44.5 + 32.5] / 2
⇒ Kyei's weight = [77] / 2
⇒ Kyei's weight = 38.5 kg
Both the Army and Marine Corps have a capability need to procure additional helicopters beyond the number specified in the current contract; the helicopter program is currently in production. What cost estimating technique would the services most likely use as a basis for requesting the funding to pay for the additional aircraft?
Answer:
Actual Cost
Explanation:
Based on the information provided it can be said that the estimating technique needed would be the actual cost technique. This refers to calculating the actual expenditure made for acquiring a specific asset. This includes all of the expenses that the supplier has invoiced as well as the costs incurred to set up, test and deliver the asset in question. Therefore in a situation such as this one the actual cost technique will be used as a basis for the amount of funding to pay.
A man in San Rafael County was discovered committing workers' compensation fraud. He had been observed working while at the same time receiving disability benefits. Surveillance showed the man working at an automobile auction. The investigator interviewed the owner of the auction and found that the claimant was being paid $200 per week in cash for washing vehicles and performing other shop tasks. Surveillance video showed the man carrying 25-pound bags of pet food, loading boxes, and rummaging through a trash dumpster. Obviously, he was not hurt very badly. 1. Was surveillance the proper method to use in this case? Why? 2. What are some restrictions to be careful about in conducting surveillance?
Answer:
1. Yes
2. - privacy concerns
- may lack full details.
Explanation:
1. In this scenario the automobile auction house would need to show video evidence of his (San Rafael's) fraud activities to the investigator.
2. Privacy concerns such as how the information gotten from video surveillance is used may pose a challenge.
There's also the reality of a lack of full details. For instance, San Rafael may be deaf a disability that cannot be reflected well on a surveillance video that shows him working.
"Creditors do not actually have to worry about their dues in case the business fails." In which form of business is this possible? Which special feature is highlighted in this statement ?
Answer:
sole proprietorship.
Explanation:
An exclusive property can be defined as a business structure that is managed and owned by a single person, so there is no legal distinction between the owner and his company. This is a type of simple business structure, and is generally used by people who are starting some kind of enterprise.
Therefore, this is the most appropriate business form for the statement of the issue, since in this structure there is only a single owner in the company, which guarantees its sole responsibility for all profits, debts and losses inherent to the business.