Advantages to transacting business as a sole proprietorship include
A. double taxation on the income of sole proprietors.
B. limits on the sole proprietor’s personal liability.
C. the ease and low cost of starting the business.
D. the sole proprietor’s lack of responsibility for actions by employees or agents.
C. the ease and low cost of starting the business.
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A thank you note that is hand written has the advantage of helping the writer stand out from those who sent electronic thank you notes
Indicate whether the statement is true or false.
In preparing a company's statement of cash flows using the indirect method, the following information is available: Net income$52,000 Accounts payable decreased by 18,000 Accounts receivable increased by 25,000 Inventories increased by 5,000 Cash dividends paid 14,000 Depreciation expense 20,000 Net cash provided by operating activities was:
A. $120,000. B. $110,000. C. $71,000. D. $24,000. E. $70,000.
The monthly income of residents of Daisy City is normally distributed with a mean of $3000 and a standard deviation of $500. a.The mayor of Daisy City makes $2,250 a month. What percentage of Daisy City's residents has incomes that are more than the mayor's?b.Individuals with incomes of less than $1,985 per month are exempt from city taxes. What percentage of residents is exempt from city taxes?c.What are the minimum and the maximum incomes of the middle 95% of the residents?d.Two hundred residents have incomes of at least $4,440 per month. What is the population of Daisy City?
What will be an ideal response?
A company that uses the periodic inventory provides the following information:
1. Beginning Inventory $15,000 2. Net Purchases $94,000 At the end of the period, the company does an inventory count and finds $12,000 of inventory on hand What is the amount of cost of goods sold? A) $94,000 B) $121,000 C) $97,000 D) $82,000