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2 years ago

ECONOMICS 15 points !!!!!!!!!!!!! HELP !!!!!!!!!!!!!!

Business

2 answers:

inysia [295]2 years ago

6 0

<h2>Answer 1</h2>

B. Shared debt liability

<h3>Explanation</h3>

Both sole proprietorship and partnership are unincorporated businesses whereby in case of bankruptcy, the person or the partners has to give up their personal assets in order to pay off the accumulated debt.

<h2>Answer 2</h2>

B. Financial Capital

<h3>Explanation</h3>

In this situation Renee needs more and more amount of funds in order to initiate her business venture. However, due to lack of funds, she is not able to open her business and enjoy being her own boss. Th primary reason is lack of funds which highlight the lack of financial capital that is not present within her business. With funds, she can achieve her target business venture.

<h2>Answer 3</h2>

B. Both have Investors

<h3>Explanation</h3>

Both of the business structures have this thing in common that both of models tend to enjoy the prevalence of investors that provide capital in form of money to be invested in the business to meet the financial need of the business. Sole ownership doesn't have this feature and therefore of all the options present, this is the most optimal answer present.

<h2>Answer 4</h2>

A. equal product information for buyers and sellers

<h3>Explanation</h3>

Purely competitive market is where the market tends to set the price since the information is openly available with all the consumers and suppliers and no individual person either it be a consumer or a supplier can change or bring amendment in the price of the commodity being sold. This therefore enables complete information available with the buyers and sellers in the market.

<h2>Answer 5</h2>

D. Pure competition

<h3>Explanation</h3>

It is most difficult to become a competitive producer in a pure competition because a producer's attempt to differentiate his product in the market will cost him increased cost on the commodity sold and hence earn no extra benefit since the price is same for all and the product being sold in the market is homogeneous in nature and that consumers are not willing for differentiation to prevail.

<h2>Answer 6</h2>

C. Senses

<h3>Explanation</h3>

The advertisement line about diamonds tends to target your senses by establishing that your demand for diamonds can only fulfilled by the finest category of diamonds and the finest will be provided the company putting up that advertisement and hence creating a competitive edge in the minds of it customers by making a perception that it supplies the fines quality present.

<h2>Answer 7</h2>

A. money collected through product sales

<h3>Explanation</h3>

Business revenue is the amount of the money generated by the sales that it makes and hence the product of the quantity sold and the price charged on each unit sold by the company. Revenue is more concerned with the sales made, whereas the costs is the money paid for the production and the difference of business revenue and costs, is essentially the profit generated by the business.

gayaneshka [121]2 years ago

5 0

Answer:

I just took the test and the firsts answer is Ease of stopping and starting. the other guy was wrong.

Explanation:

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2 years ago

Cox Engineering performs cement core tests in its laboratory. The following standards have been set for each core test performed

MA_775_DIABLO [31]

Answer:

1200 U

Explanation:

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2 years ago

Which of the following situations does NOT describe a material participant?

goblinko [34]

Answer:

C. Abbie participated in Activity A for 20 hours, Activity B for 80 hours and Activity C for 75 hours

Explanation:

To prove material participation, one of the following situation should be satisfied:

1. Work 500 hours or more during the year (Part A)

2. Participate in the activity for more than 100 hours during the year, with no one else working more than the individual (Part B)

3. Materially participate in the activity for any five taxable years during the 10 tax years immediately preceding the taxable year (Part D)

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2 years ago

On May 1, 2018 ABC Corporation purchased $1,500,000 of 12% bonds, interest payable on january 1 and july 1, for $1,406,500 plus

marishachu [46]

<u>Solution:</u>

<u>1. Entry for May 1, 2018: </u>

Date Account Titles and Explanation Debit Credit

1-May-18 Available-for-Sale Securities $1,406,500

Interest Revenue $60,000

Cash $1,466,500

(To record purchase of 12% bonds)

Available-for-Sale Securities $1,375

Interest Revenue $1,375

(To record inerest expense)

Cash $15,000

Interest Revenue $15,000

(To record interest expense on date of sale - August 1, 2018) )

Cash $1,412,500

Available for sale- securities $1,406,500

Gain on sale of securities $6,000

<u>Calculations are as follows:</u>

Amortization = $1,500,000 - $1,406,500 = $93,500

The bond period is for 5 years 8 months = 68 months

Hence monthly interest revenue = $93.500 divide by 68 = $$1,375

Interest revenue = 1,500,000 multiply 12% multiply 1/12 = &18.000

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