Why do small business owners prefer proprietorship? What are the disadvantages of proprietorship?
What will be an ideal response?
Proprietorship is simple to enter, operate, and terminate. It provides freedom of action and control. It has a favorable tax status. It is taxed at the owner's personal tax rate.
Disadvantages:
From a legal standpoint, the business and its owner are one and cannot be separate. Consequently, the business legally ends with the proprietor's death, and some legal action must be taken to restart it. If the business does not have enough funds to pay its bills, the owner must use personal assets to pay them. It is limited by inadequate management and employee skills. Business owners must file several federal tax forms.
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By mid-century, the percentage of Hispanics (of any race) in the U.S. population is expected to ______, and the percentage of non-Hispanic whites is expected to ______.
A. stay the same; increase B. double; decrease C. decrease; increase D. double; increase slightly E. stay the same; decrease
A retailer can use data mining to determine when to mark merchandise down and how much to mark it down
Indicate whether the statement is true or false
Assume a government reported $300,000 in capital outlay expenditures in the governmental fund Statement of Revenues, Expenditures, and Changes in Fund Balances. Secondly, assume current year depreciation of capital assets amounted to $250,000, in the governmental activities column in the Statement of Activities. Those adjustments would cause a decrease of $50,000 when preparing the reconciliation between the change in governmental fund balances to the change in net position of governmental activities in the Statement of Activities.
Answer the following statement true (T) or false (F)
An integrated group of programs that supports the applications and facilitates their access to specified resources is called a(n)
A. operating system B. database management system C. utility system D. facility system