How is the Sole Trading business financed?

Answers

Answer 1

Answer:

Sources of Finance for a Sole Trader

The sole trader can invest his own savings into his business for expansion. Retained Profit. A profitable business generates a positive net income every year. Sale of Assets.


Related Questions

what is the solutions of emotional differences?​

Answers

Explanation:

In the work environment there are people with different personality profiles, so some routine work-related situations can end up generating some emotional barriers in organizations, such as communication difficulties, personal conflicts, stress, anger, anguish, etc.

Therefore, some solutions can be useful to reduce the impact of emotional barriers, such as not discussing with other co-workers and seeking an assertive and ethical communication that does not disrespect the individual values ​​of each one. For managers, it is necessary to seek the development of communication skills, providing feedback so that there are no misunderstandings that can lead to conflicts.

Draw an indifference curve for an individual

showing that

a. good X and good Y are perfect complements.

b. item X becomes a bad after 4 units.

c. item Y becomes a bad after 3 units.

d. MRS is increasing for both X and Y​

Answers

Answer:

Air jordan shoe rack and pinion to be there at noon

What is a product market AND how do I choose a product market . Pls help quick!!!!

Answers

Answer:

Product markets typically contain groups of consumers that share a fairly specific need that only certain and closely related kinds of products or services can meet. In the case of smartphone users, for example, only phones with specific and more or less comparable capabilities can serve the needs of these consumers. In a product market, the capacity to serve the market is often predicated on the method. Only a company that produces smartphones can compete for this market, let alone hold an intrinsic advantage, because only that product suffices.

sales has being overcast by 5000

Answers

Answer:

When sales are overcast, it means that the amount of credit sales recorded is higher than the actual amount of credit sales made.

To fix this, send the overcasted amount to the Suspense account and debit the Sales account.

Date    Account Title                                            Debit                    Credit

           Sales                                                        $5,000

           Suspense a/c                                                                        $5,000

why is the study of finance important

Answers

Answer:

Studying finance can prepare you not only for careers in the financial services sector, but also for tasks in your everyday life. And because finance revolves around planning and analysis, studying finance and becoming more financially literate enables people to make better personal financial decisions.

Explanation:

Text aids are sources of information regarding the contents of a book or document.
Please select the blest answer from the choices provided
От
Of

Answers

Answer:

TRUE

Explanation:

Text aids are sources of information regarding the contents of a book or document a true statements. Thus, option A is correct.

What is a text aid?

Text aids provide sources of knowledge on a book's or document's topics. When we first proceed to read it, the knowledge in document aids can assist us to comprehend its meaning.

Most nonfiction texts make use of text aids. Characteristics in the text draw the editor's attention to particular sections and aid in the identification of key concepts.

The reader is provided with additional details that back up it text through the use of illustrations in the form of photos or infographics. This helps in a better understanding of the texts that are provided. Also, it can illustrate a book and also help in giving an example.

Therefore, option A is the correct option.

Learn more about Text aid, here:

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While driving home for the holidays, you can’t seem to get Little’s Law out of your mind. You note that your average speed of travel is about 60 miles per hour. Moreover, the traffic report from a radio station states that there is an average of 24 cars going in your direction on a one-quarter mile part of the highway. What is the flow rate of the highway (going in your direction) in cars per hour?

Answers

Answer:

dont know sorrrrrrrryrrrrrrrrr

how do you create your own goal in terms of career​

Answers

It all depends on the career field you want to go into. So like, have a BIG goal set, but have tons if mini goals set to help you get to that big goal

Tierney Construction, Inc. recently lost a portion of its financial records in an office theft. The following accounting information remained in the office files: Cost of goods sold $ 92,750 Work in process inventory, January 1, 2016 23,600 Work in process inventory, December 31, 2016 18,750 Selling and Administrative Expenses 22,800 Net Income 38,500 Factory overhead 22,550 Direct materials inventory, January 1, 2016 29,400 Direct materials inventory, December 31, 2016 16,125 Cost of goods manufactured 112,450 Finished goods inventory, January 1, 2016 38,225 Direct labor cost incurred during the period amounted to 2.5 times the factory overhead. The CFO of Tierney Construction, Inc. has asked you to recalculate the following accounts and to report to him by the end of tomorrow. What should be the amount of direct materials used?

Answers

Answer:

$28,675 = direct materials used

Explanation:

To calculate the direct material used, we need to use the following formula:

Cost of goods manufactured= beginning WIP + direct materials used + direct labor + allocated manufacturing overhead - Ending WIP

112,450= 23,600 + direct materials used + (22,550*2.5) + 22,550 - 18,750

112,450 - 23,600 - 56,375 - 22,550 + 18,750 = direct materials used

$28,675 = direct materials used

A company had the following purchases and sales during its first year of operations: Purchases Sales January: 10 units at $120 6 units February: 20 units at $125 5 units May: 15 units at $130 9 units September: 12 units at $135 8 units November: 10 units at $140 13 units On December 31, there were 26 units remaining in ending inventory. Using the Perpetual FIFO inventory valuation method, what is the cost of the ending inventory

Answers

Answer:

$3540.

Explanation:

FIFO means first in, first out. It means that it is the first purchased inventory that is the first to be sold

Ending inventory comprises of goods bought in May, September and November

cost of the ending inventory :

(4 x $130) + (12 x $135) + (10 x$140) = $3540

In the context of marketing management philosophies, a sales orientation aims at

Answers

Answer:

In the context of marketing management philosophies, a sales orientation aims at: Pushing manufacturers' products more aggressively to achieve high profits. A production orientation philosophy focuses on: Assessing the resources of a firm.

9
Select the correct answer from each drop-down menu.
divided by the
Per capita GDP of a country is the
Reset
Next

Answers

Answer:

Total of quantity of goods produce, number of citizens

Explanation:

Those are the missing fill in the blank

Answer:

Total of quantity of goods produce, number of citizens

:

Which examples demonstrate common education and qualifications for Counseling and Mental Health Services careers? Check all that apply.


1. Soo uses leadership skills to guide a group of people in religious worship.

2. Jacqueline stays calm even when counseling patients who are angry or upset.

3. Brent uses math skills to help people fill out financial paperwork.

4. Nakisha provides therapy to families and has a master’s degree in Psychology.

5. Tao pays close attention to what patients say and how they behave during counseling sessions.

6. Adam lifts and carries young children while playing with them outdoors.

Answers

Answer:

Jacqueline, Nakisha, Tao or B, D, E

Explanation:

got it right

Answer:

B. Jacqueline stays calm even when counseling patients who are angry or upset.

D. Nakisha provides therapy to families and has a master’s degree in Psychology.

E. Tao pays close attention to what patients say and how they behave during counseling sessions.

Explanation:

edge 2021 :)

stay safe and good luck <3

Product safety has become a hot topic for businesses around the world. The purpose of product safety policies and legislation is to keep consumers safe, with the expectation that product quality is balanced against business profits. How does a company factor these competing expectations and still hold the consumer responsible for safe and effective use of the product

Answers

Answer:

The purpose of product safety policies and legislation is to keep consumers safe, with the expectation that product quality is balanced against business profits. How does a company factor these competing expectations and still hold the consumer responsible for safe and effective use of the product? Product safety is a key component of any business.

Explanation:

What happens when interesting stimulants are removed from the environment?

Answers

Answer:

it changes the enviorment drasticly

Explanation:

Good Economy vs. Bad Economy:
During which economy will you find the best loan rates?

Answers

Answer:

Bad Economy

Explanation:

Lower interest rates

blank be chartered by an appropriate governmental body to exist.

Answers

Answer:

A charter is a legal document that formally establishes a corporate entity. Charters are issued by national or provincial governments.

Explanation:

The incorporator oversees setting up the company, prepares and files the charter, and supervises the creation of other corporate documents.  The business may also propose an amended charter if the number of directors changes, the board members themselves change, or the corporation moves its primary location.

Discuss the advantages and disadvantages of the merger between the two telecommunication firms.

Answers

Advantages of mergers

Economies of scale – bigger firms more efficient
More profit enables more research and development.
Struggling firms can benefit from new management.
Disadvantages of mergers

Increased market share can lead to monopoly power and higher prices for consumers
A larger firm may experience diseconomies of scale – e.g. harder to communicate and coordinate.

Identify the correct pattern of a compound-complex sentence

Answers

Answer:

A complex sentence combines a dependent clause with an independent clause. When the dependent clause is placed before the independent clause, the two clauses are divided by a comma; otherwise, no punctuation is necessary.

Explanation:

:)

Who is responsible for filing your federal tax return?
A. The IRS.
B. Your employer.
C. The state tax agency.
D. You.

Answers

The answer is B, your employer:)

Depreciation for Partial Periods Clifford Delivery Company purchased a new delivery truck for $36,000 on April 1, 2019. The truck is expected to have a service life of 5 years or 120,000 miles and a residual value of $3,000. The truck was driven 8,000 miles in 2019 and 20,000 miles in 2020. Clifford computes depreciation expense to the nearest whole month. Required: Compute depreciation expense for 2019 and 2020 using the following methods: (Round your answers to the nearest dollar.) Straight-line method 2019$ fill in the blank 1 2020$ fill in the blank 2 Sum-of-the-years'-digits method 2019$ fill in the blank 3 2020$ fill in the blank 4 Double-declining-balance method 2019$ fill in the blank 5 2020$ fill in the blank 6 Activity method 2019$ fill in the blank 7 2020$ fill in the blank 8 For each method, what is the book value of the machine at the end of 2019

Answers

Answer:

Clifford Delivery Company

1. Depreciation Expense for 2019 and 2020:

            Straight-line  Sum-of-the-years   Double-declining  Activity method

2019  ($6,600/12*9)    5/12 * $33,000     40% *$36,000    8/120 * $33,000

  =       $4,950             = $13,750               = $14,400           = $2,200

2020 = ($6,600/12*12) 4/12 * $33,000  40% *$21,600    20/120 * $33,000

 =        $6,600             = $11,000              = $8,640             =  $5,500

2. Book value at the end of 2019:

            Straight-line  Sum-of-the-years   Double-declining  Activity method

Cost          $36,000         $36,000                  $36,000               $36,000

Depreciation

 Expense     4,950           $10,313                   $10,800                 $2,200

Book Value, End

 of 2019   $31,050         $25,687                  $25,200               $33,800

Explanation:

a) Data and Calculations:

Cost of delivery truck = $36,000

Purchase date = April 1, 2019

Estimated useful life = 5 years or 120,000 miles

Residual value = $3,000

Depreciable amount = $33,000 ($36,000 - $3,000)

Annual straight-line depreciation expense = $6,60 ($33,000/5)

            Straight-line  Sum-of-the-years   Double-declining  Activity method

2019  ($6,600/12*9)    5/12 * $33,000     40% *$36,000    8/120 * $33,000

  =       $4,950             = $13,750/12*9     = $14,400  /12*9         = $2,200

         = $4,950            = $10,313              = $10,800                    = $2,200

2020 = ($6,600/12*12) 4/12 * $33,000  40% *$25,200    20/120 * $33,000

 =        $6,600             = $11,000              = $10,080                  =  $5,500

            Straight-line  Sum-of-the-years   Double-declining  Activity method

Cost          $36,000         $36,000                  $36,000               $36,000

Depreciation 4,950           $10,313                   $10,800                 $2,200

Book Value End

 of 2019  $31,050          $25,687                  $25,200               $33,800

a) The straight-line method divides the depreciable amount by the number of useful life to get an amount that is charged every year.

b) Sum of the years digit method sums the years and uses the denominator to apportion the depreciable amount, with the first year having the largest number as numerator.

c) Double-declining method doubles the straight-line rate and depreciates on declining value of the asset.  It apportions more cost in the earlier years.  For the last year, consideration is then given to the salvage value because the asset cannot be depreciated more than its depreciable amount.

d) Activity method calculates the depreciation expense based on the activity usage.

If production is increased to 700 boxes per day after the change in work rules, what is the new productivity?

Answers

Answer:

The new productivity is "29.17 boxes per hour". A further solution is provided below.

Explanation:

The given number of boxes,

= 700 boxes

After the change in the work rule,

The productivity will be:

= [tex]\frac{700 \ boxes}{3\times 8 \ hours}[/tex]

= [tex]\frac{700 \ boxes}{24 \ hours}[/tex]

= [tex]29.17 \ boxes \ per \ hr[/tex]

WILL MARK BRAINLIEST HELP!

Which option is typically only used when utilizing self joins?
display name
alias
relationship
primary key

Answers

Answer: Relationship

Explanation: Got it right on edge

What are 2 tools you can use to identify possible issues in quickbooks online company

Answers

Answer: Transactional Journal and Audit Log can be used to identify possible issues in a Quickbooks Online Company.

The 2 tools you can use to identify possible issues in quickbooks online company are transactional journal and Audit log.

Accountant Toolbox contains the following Features for all QuickBooks Online Users. They are:

Voided/Deleted transaction- this filters the view of the audit log.Journal entries.Close books.Management reports. etc

QuickBooks is simply known as an accounting software package developed and marketed by a company called Intuit.

Its products are targeted toward small and medium-sized businesses and offer on-premises accounting applications and also cloud-based versions.

Conclusively, It can be used for accepting business payments, manage and pay bills, and payroll functions.

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Knowledge Check 01The difference between absorption costing net operating income and variable costing net operating income can be explained by the way these two methods account for ________.multiple choice 1all overhead costsfixed overhead costsselling and administrative expensesvariable overhead costsKnowledge Check 02Absorption costing income statements ignore ________.multiple choice 2direct materials and direct labor costsdirect and indirect cost distinctionsproduct and period cost distinctionsvariable and fixed cost distinctionsKnowledge Check 03When the number of units produced is greater than the number of units sold, variable costing net operating income will be ________.multiple choice 3the same as absorption costing net operating incomegreater than absorption costing net operating incomeless than absorption costing net operating income

Answers

Answer:

The Differences between Absorption Costing and Variable Costing

1. variable overhead costs

2. variable and fixed cost distinctions

3. greater than absorption costing net operating income

Explanation:

Absorption costing does not separate costs according to their variable and fixed elements but includes all product or directs costs in the cost of goods.  Variable costing, on the other hand, makes the distinctions and only accounts for variable costs in the product costs and not all the direct costs.

Problem 4-53 (Algo) Special Order (LO 4-1, 2) Unter Components manufactures low-cost navigation systems for installation in ride-sharing cars. It sells these systems to various car services that can customize them for their locale and business model. It manufactures two systems, the Star100 and the Star150, which differ in terms of capabilities. The following information is available. Costs per Unit Star100 Star150 Direct materials $ 55 $ 65 Direct labor 24 30 Variable overhead 10 15 Fixed overhead 80 110 Total cost per unit $ 169 $ 220 Price $ 280 $ 380 Units sold 4,000 2,000 The average wage rate is $15 per hour. Variable overhead varies with the quantity of direct labor-hours. The plant has a capacity of 20,000 direct labor-hours, but current production uses only 10,400 direct labor-hours. Required: a. A nationwide car-sharing service has offered to buy 2,400 Star100 systems and 2,400 Star150 systems if the price is lowered to $190 and $240, respectively, per unit. a-1. If Unter accepts the offer, how many direct labor-hours will be required to produce the additional systems

Answers

Answer:

Unter Components

If Unter accepts the offer, the direct labor-hours required to produce the additional systems are:

= 8,640 hours.

Explanation:

a) Data and Calculations:

Product Lines                 Star100    Star150

Direct materials                $ 55       $ 65

Direct labor                          24           30

Variable overhead               10            15

Fixed overhead                   80          110

Total cost per unit          $ 169    $ 220

Price                               $ 280    $ 380

Units sold                       4,000    2,000

Average wage rate is $15 per hour

Product Lines                 Star100          Star150

Hours to make one unit    1.6 hours      2 hours ($24/15 and $30/$15)

Special offer by a nationwide car-sharing service:

Systems to buy             2,400     2,400

Offered price                  $190     $240

Hours to make systems 3,840   4,800  

(2,400 *1.6 hours and 2,400 *2 hours)

Total hours required to make both systems = 8,640 hours (3,840 + 4,800)

8. The TS Company has budgeted sales for the year as follows: Quarter 1 Quarter 2 Quarter 3 Quarter 4 Sales in units 10,000 12,000 14,000 16,000 The ending inventory of finished goods for each quarter should equal 25% of the next quarter's budgeted sales in units. The finished goods inventory at the start of the year is 2,500 units. Four pounds of raw materials are required for each unit produced. Raw materials on hand at the start of the year total 4,200 pounds. The raw materials inventory at the end of each quarter should equal 10% of the next quarter's production needs in material Required: • Prepare production budget. • Prepare direct material budget.

Answers

Answer:

Results are below.

Explanation:

First, we need to determine the production budget using the following formula:

Production= sales + desired ending inventory - beginning inventory

Quarter 1:

Production= 10,000 + (0.25*12,000) - 2,500

Production= 10,500

Quarter 2:

Production= 12,000 + (0.25*14,000) - 3,000

Production= 12,500

Quarter 3:

Production= 14,000 + (0.25*16,000) - 3,500

Production= 14,500

Quarter 4:

Production= 16,000 - 4,000

Production= 12,000

Now, the direct material purchase budget:

Purchases= production + desired ending inventory - beginning inventory

Quarter 1:

Purchase= 10,500*4 + (12,500*0.1) - 4,200

Purchase= 39,050 pounds

Quarter 2:

Purchase= 12,500*4 + (14,500*0.1) - 1,250

Purchase= 50,200 pounds

Quarter 3:

Purchase= 14,500*4 + (12,000*0.1) - 1,450

Purchase= 57,750 pounds

Quarter 4:

Purchase= 12,000*4 - 1,200

Purchase= 46,800 pounds

The business orientations typical of organizations have evolved over time; in the early years of the United States, a ________ orientation that focused on creation of any type of good was common, while today firms often have a ________ orientation in which they seek to satisfy the high expectations of customers.

Answers

Answer:

The answer is "production, market".

Explanation:

In the question, throughout the early years of both the USA a production focus centered mostly on the manufacturing of any sort of product has become popular, but today companies often have a market orientation in which they are seeking to meet strong customer expectations. Through time, companies have developed their business orientations common in organizations.

Workers over forty tend to be motivated by intrinsic motivators.


True

False

Answers

Answer: true

Explanation:

i sorta just guessed

An electronics manufacturer in Japan creates a strategic partnership with a
large retailer in the United States. They both invest funds into the partnership
and share in the control of the distribution and resources. The Japanese
company gets a tax advantage because of this partnership, and the U.S.
company gets an advantage because of the exclusivity agreement to carry
these electronic products. Which type of global entry strategy does this
example highlight?

Answers

Answer:

Creating a joint venture.

Explanation:

A foreign direct investment (FDI) can be defined as an investment made by an individual or business entity (investor) into an investment market (industry) located in another country. The investor here, shares a different country of origin from the country where his investment is located. In a foreign direct investment (FDI), an investor must establish his business, factory and operations in a foreign country or acquire assets in a business that is being operated in a foreign country.

Additionally, foreign direct investment (FDI) are categorized into three (3) main types and these are;

1. Vertical FDI: it involves establishing a different business that is however similar to the main business owned by the investor.

2. Horizontal FDI: it involves establishing the same type of business in a foreign country as owned in the investor's country.

3. Conglomerate FDI: it involves establishing a business that is completely different in another (foreign) country.

A joint venture can be defined as a type of business partnership which typically involves making direct investment in a foreign country with a domestic partner. It is typically established or initiated by two or more people on mutual grounds to make profits and sharing costs.

In this scenario, an electronics manufacturer in Japan creates a strategic partnership with a

large retailer in the United States.

Thus, the type of global entry strategy which this example highlight is creating a joint venture.

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4. Fill in don't or doesn't:1. Bill............ play tennis every Sunday.2. We............... go to the park.3. Kate.............. like to eat fish.4. Sue.............. wear long dresses.5. I ..............like to get up early.6. My brothers............. like to drink milk.7. My cousin.............. know Italian well.8. I................. like to walk with my dog.9. Pam.............. go to the gym.10. They............understand this rule.11. We ...........often go to the movies.12. Liz........wear shorts at all.13. Tim ..........grow flowers in the garden. is cooking popcorn on a stove convection, radiation or conduction? According to Percy, why are the dead hard to look at? Page 301 Identify the appositive or appositive phrase in the sentence by putting it in brackets1. David made a game winning hit, a home run.2. The rose bush, the plants by the hill side, are in need of watering. Aubree is going to invest in an account paying an interest rate of 1.5% compounded quarterly. How much would Aubree need to invest, to the nearest dollar, for the value of the account to reach $5,600 in 16 years? if you have read the mice and men book anyone can help Write a paragraph discussing the similarities between curley's wife and crooks? use TEEL structure for the paragraph (will mark brainliest) Which of these inferences is best supported by the following passage (paragraph 2)?Since it was published, Campbell's book has come to be revered by academics, authors, and filmmakers because it is a blueprint that helpsunlock the structure and meaning of almost every story ever told. Knowing the plot points also helps us to write new ones. Just think about thepopular stories of our lifetime: Star Wars, The Matrix, and Lord of the Rings-they all utilize the steps Campbell outlined in The Hero With AThousand Faces. The archetype of the hero's journey is important because it helps us understand the building blocks human beings have usedto tell stories across time and cultures.A. The writers of successful films learned from the plot structure outlined in Campbell's book.B. The writers of certain hollywood films plagiarized from Campbell's book.O C. No film can be successful if it breaks Campbell's plot structure,O D. Campbell analyzed Star Wars and The Matrix which inspired Campbell to pursue his theory on the hero's journey Find X. Round to nearest tenth. Use pic Which scientist most influenced the literary movement or style known as naturalism? en que fase lunar se siembra el maiz Karen runs 6 miles in 44 minutes. At the same rate, how many minutes would she take to run 9 miles? Which equation shows that y varies directly with x?y = 0.8xy = 0.8x/xy = 0.8x - 5y = x/8 + 5 tions #1-15 are worth 3 points each1. By definition, Oxy-Acetylene welding is a process ofa. Fusionb. AdhesionC. Carbonationd. OxidationLadanhand formatoldin what is the cube root of 25 Find the area of the hexagon 4. What is the most likely reason for Nancy Lee's tears as she recites thepledge of allegiance at the end of the story?A. She is overcome with disappointment at having the award taken away.B. She is determined to fight for liberty and justice regardless of how shehas been treated.C. She is feeling deeply patriotic as she recites the pledge of allegiance.D. She realizes that the pledge of allegiance is a lie and has lost all hope. PLEASE HELP DUE SUPER SOON The average of Aaron's three test scores must be at least93 to earn an A in the class. Aaron scored 89 on the firsttest and 94 on the second test. What scores can Aaronget on his third test to guarantee an A in the class? (Thehighest possible score is 100.) The total cost of sand to fill the sandbox is $59.48. Lauren and 3 friends divide the cost equally. How much does each person pay? What is the surface area?8 ft3 ft1 ftsquare feet