What advantages and disadvantages are associated with the sole proprietorship?
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 43% (16 reviews)
A major advantage of the sole proprietorship is that the proprietor receives al...View the full answer
Answered By
Raunak Agarwal
Teaching is my hobby and now my profession. I teach students of CA and CFA(USA) in batches of 100 students and have a 5 year experience.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
The Legal Environment Today Summarized Case Edition
ISBN: 978-1305262768
8th Edition
Authors: Roger LeRoy Miller
Question Posted:
Students also viewed these Business Law questions
-
What advantages and disadvantages are associated with each major business form?
-
What advantages and disadvantages are associated with carrying on business as a sole proprietorship? As a partnership?
-
Nearly 20 European Union (EU) countries have adopted the euro as their national currency and are termed the eurozone. Sharing a single currency eliminates exchange fluctuations and simplifies trade....
-
Calculate the pre-merger earnings per share for Admiral and Favorite and the pre-merger price-to-earnings (P/E) ratio for each company (based on the stated prices per share). Calculate the exchange...
-
Assuming that costs for other colleges are the same as for the College of Business (an unrealistic assumption; law and medicine probably have higher costs), what is the total cost forthe two...
-
An experiment calls for 0.0353 g of potassium hydroxide, KOH. How many milliliters of 0.0176 M KOH are required?
-
From the point of view of each observer in Figure \(6.5,\) (a) is the energy of each cart constant? (b) Is the isolated system containing cart 1 closed? (c) Is the isolated system containing cart 2...
-
Deacon Publishing House is a publishing company that produces consumer magazines. The house and home division, which sells home-improvement and home-decorating magazines, has seen a 20% reduction in...
-
estion 45: Which key lets you select multiple worksheets in a workbook? swer: (Shift) 13 (Tab) O (Alt) O (Enter)
-
Lafayette Film Center (LFC) is a not-for-profit theater that plays independent films. In addition to revenue from theater admissions, LFC relies on concession and caf sales, grants and other external...
-
After graduating from college, Tina works briefly as a salesperson before filing for bankruptcy. As part of her petition, Tina reveals her only debts are student loans, taxes accruing within the last...
-
What is meant by joint and several liability? Why is this often considered to be a disadvantage of doing business as a general partnership?
-
Evaluate the Prandtl number from the data below cp = 0.5 Btu/(lbm F) k = 2 Btu/(ft hr F) = 0.3 lbm/(ft s) GIVEN cp = 0.5 Btu/(lbm F) k = 2 Btu/(ft hr F) = 0.3 lbm/(ft s)
-
What criteria must be met in order for differentiators and low-cost leaders to be successful?
-
What are organizational solutions to the problems caused by dynamic environments?
-
What five defensive strategies might industry incumbents pursue in dynamic markets?
-
In 2020, India was the worlds third largest economy, with a $9 trillion GDP (as measured in U.S. dollars). India was also one of the worlds fastest-growing economies, and over the previous decade,...
-
What roles should strategic leadership play in the realization of the vision and mission statements that you articulated in the previous question? Whom have you identified as strategic leaders?
-
Graph each circle. Identify the center and the radius. x 2 + y 2 = 25
-
6. (Potential Energy and Conservation of Energy) What should be the spring constant k of a spring designed to bring a 1200-kg car to rest from a speed of 95 km/h so that the occupants undergo a...
-
Should the First Amendment protect all speech? Discuss.
-
A Georgia state law requires the use of contoured rear-fender mudguards on trucks and trailers operating within Georgia state lines. The statute further makes it illegal for trucks and trailers to...
-
Thomas worked in the nonmilitary operations of a large firm that produced both military and nonmilitary goods. When the company discontinued the production of nonmilitary goods, Thomas was...
-
A project has cash flows of $118,400, $42,500, $87,300, and $43,200 for Years 0 to 3, respectively. The required rate of return is 11 percent. Based on the internal rate of return of ________ percent...
-
== Consider the binomial pricing model example with So = 4, u = 2, d = 0.5 and r = = 0.25 per period. Let the strike of a call option K = 3.5 and it expires at time 2 (two period case). a) Assume...
-
Dome Metals has credit sales of $486,000 yearly with credit terms of net 90 days, which is also the average collection period. Dome does not offer a discount for early payment, so its customers take...
Study smarter with the SolutionInn App