The statement is generally true. Contract manufacturing is a business arrangement in which a firm hires foreign manufacturers to produce its products, and the foreign manufacturer may place the domestic company's label on the products.
Contract manufacturing is a strategy used by companies to outsource the production of their goods to third-party manufacturers, often located in foreign countries. In this arrangement, the domestic company contracts with a foreign manufacturer to produce its products according to specified requirements. The domestic company typically provides the necessary design, specifications, and quality standards for the products. The foreign manufacturer, acting as a subcontractor, utilizes its manufacturing capabilities and resources to produce the goods on behalf of the domestic company.
In some cases, the products may be labeled with the domestic company's branding or label before they are shipped to the company for distribution. Contract manufacturing offers several advantages to companies, such as cost savings, access to specialized expertise or technologies, and flexibility in production capacity. It allows the company to focus on other core business activities while leveraging the capabilities of the contract manufacturer. In conclusion, the statement accurately describes the concept of contract manufacturing, where a firm pays foreign manufacturers to produce its products, and the foreign manufacturer may place the domestic company's label on the products.
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At a local manufacturing plant, about 20 percent of the engineers work full-time as independent contractors for a maximum of three years. These employees are seldom offered benefits but may apply for posted permanent positions within the company during this time. HR experts would designate these professionals as
HR experts would designate these professionals as contingent employees.
A Contingent Worker: What Is One?Unemployed individuals who work for a company on a contract basis are known as contingent workers. Contingent employees may offer their services on a permanent, temporary, or as-needed basis. Instead of taking on an ongoing, unending burden as a permanent employee does, they are frequently recruited to finish a single project. A few instances of contingent laborers are:
Unaffiliated businessesFreelancersConsultantsEmployees on a temporary basis who are contracted by a staffing company or other third party to work for your business.Why Do Some Workers Opt to Work as Contingent Employees?
Successful contingent workers frequently have the ability to earn more money or put in fewer hours than they would as salaried workers—and occasionally both. Furthermore, independent workers frequently respect that quality. After you give them an assignment, they are free to pick how to complete it; no micromanagement is permitted, according to the law. They are also free to choose the assignments that appeal to them the most.
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The fixed cost of producing surfboards is $5,000 per month. The variable cost for producing 15 surfboards is $36,000 per month. The average cost of producing 15 surfboards in a month is ______.
The fixed cost of producing surfboards is $5,000 per month. The total variable cost of producing 15 surfboards is $36,000 per month. The average total cost of producing 15 surfboards in a month is (B)$2,733.33
What is Average Cost?Average cost is the total amount of all production costs divided by the quantity of output produced. This number is also known as average total cost or unit cost.
Average cost includes fixed costs, like those necessary for production, that remain the same no matter the output. Average cost also includes variable costs. which may increase or decrease according to output.
So, according the question,
Average Fixed Cost = $5,000
Average Variable Cost = $36,000
Average Total Cost = Average Fixed Cost + Average Variable Cost
= $5,000 + $36,000
= $41,000
Average Total Cost =Total Cost of Production/Quantity of Unit Produce
= $41,000 / 15
= $2,733.33
Hence, we can conclude that the Average Cost of producing 15 surfboards in a month is $2,733.33
Your question is incomplete, but most probably your full question was:
The fixed cost of producing surfboards is $5,000 per month. The variable cost for producing 15 surfboards is $36,000 per month. The average cost of producing 15 surfboards in a month is ______.
A)$333.33
B)$2,733.33
C)$2,400.00
D)$41,000.00
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By purchasing la boulange, starbucks is implementing a ______________ in the hopes of gaining a competitive advantage.
By purchasing a Boulanger, Starbucks is implementing a corporate-level strategy in the hopes of gaining a competitive advantage.
By leveraging intangible resources such as corporate experience and knowledge, you can start a newly independent company with the ability to quickly create value with those resources.
Value-neutral reasons are intended to help the company's management team, while value-added reasons are intended to help the company achieve a better competitive position.
Starbucks not only uses its own coffee beans to make coffee but diversifies to use coffee beans to make other products, Starbucks uses the same raw materials to make different products You can increase your sales by
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Spending plans are divided into three categories with roughly ______% of the after tax budget going to the category of needs and _____________ % of the after tax budget going to wants, with the rest going to esi.
Spending plans are divided into three categories with roughly 50 % of the after tax budget going to the category of needs and 30% of the after tax budget going to wants, with the rest going to 20 % .
What is the 50-30-20 budget method?The 50-30-20 approach that is often used in budgeting is known to be one one the of the simplest and very straight way in the aspect of money management options.
Note that this ideal is often made for those who need to form a budget but they are said to not possess the time or the patience to be able to keep track of their spending in a well detailed manner.
The ways is that one need to spend 50 percent of their after-tax pay on needs, 30 percent in regards to wants, and the last 20 percent in regards to savings or paying off any kind of debts.
Hence, Spending plans are divided into three categories with roughly 50 % of the after tax budget going to the category of needs and 30% of the after tax budget going to wants, with the rest going to 20 % .
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A company has recorded the last five days of daily demand on its only product. Those values are 120, 125, 124, 128, and 133. The time from when an order is placed to when it arrives at the company from its vendor is 5 days. Assuming the basic fixed-order-quantity inventory model fits this situation and no safety stock is needed, which of the following is the reorder point (R)
630 is the recorder point.
Safety stock is a term used by logistics personnel to describe additional inventory held to reduce the risk of stock-outs (shortages of raw materials or packaging) due to supply and demand uncertainties. Adequate safety stock allows business operations to continue as planned. Safety stock is held when demand, supply, or production is uncertain and acts as insurance against stockouts.
Safety stock is an additional quantity on hand to reduce the risk of an item being out of stock. This acts as a buffer stock in case sales are higher than expected or the supplier is unable to deliver additional units in the expected time.
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When evaluating a single project for acceptance, the NPV and IRR decision rules will give the same result when Blank
When evaluating a single project for acceptance, the NPV and IRR decision rules will give the same result when The graph of the NPV versus discount rate decline smoothly as the discount rate increases.
Net present value, or NPV, is used to calculate the current total value of future payments. If the NPV of a project or investment is positive, it means that the discounted present value of all future cash flows related to that project or investment will be positive, and therefore attractive.
It is calculated by taking the difference between the present value of cash inflows and the present value of cash outflows over a period of time. As the name suggests, net present value is nothing but net off of the present value of cash inflows and outflows by discounting the flows at a specified rate.
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When evaluating a single project for acceptance, the NPV and IRR decision rules will give the same result when The graph of the NPV versus discount rate decline smoothly as the discount rate increases.
Net present value (NPV) is the difference between the present value of cash inflows and the present value of cash outflows over a period of time. In contrast, the internal rate of return (IRR) is a calculation used to estimate the profitability of potential investments.
Both of these measurements are primarily used in capital budgeting, the process by which companies determine whether a new investment or expansion opportunity is worthwhile. Given an investment opportunity, a firm must decide whether making the investment will result in net economic gains or losses for the company
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Which model, developed by the cdc, outlines five crisis phases and accompanying communication goals?
The CERC model is the model that is developed by the cdc, outlines five crisis phases and accompanying communication goals.
What are communication goals?This is the term that is used to refer to the reason why people may communicate. It is used to refer to the type of information and the reasons why the businesses and people may decide to communicate with themselves.
According to the CERC the goals of communication would be in other to get different people that may be able to respond to cases of emergencies.
The goals are
The pre-crisis stageFor the sake of partnerships with agenciesFor organizationsTo get first responders,Read more on communication here: https://brainly.com/question/25645043
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Companies like State Farm, a leading property and casualty insurance company, believe that the best way to create relationships with customers is to join them in activities they enjoy. Which type of market segmentation best captures this combination of age and interest in contemporary or alternative music
The type of market segmentation best captures the combination of age and interest in contemporary or alternative music is called "Demographic segmentation marketing".
What is market segmentation?Market segmentation is to pinpoint specific customer groups so that merchandise and branding can be tailored to appeal to them. There are many different ways to segment markets, including geographically, demographically, or behaviorally.
What is Demographic segmentation marketing?By focusing on characteristics like age, gender, income, occupation, and family status, demographic segmentation separates current and potential customers into groups.
The importance of Demographic segmentation marketing are-
You can target your marketing strategy more precisely with demographic segmentation. It aids in vision clarification, gives future advertising plans more focus, and helps you make the most of your time, money, and resources. You should target this group if the average age of your customers is between 20 and 35.Companies can better grasp their potential markets thanks to these smaller sectors, which also helps them manage their time and resources.To know more about the Market Segmentation, here
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_____ refers to the process of collecting the outcomes needed to determine whether training is effective.
A Training evaluation refers to the process of collecting the outcomes that is needed to determine whether training is effective.
What is a Training evaluation?This refers to a systematic process of collecting information and using that information to improve your training.
Furthermore, the training evaluation is a process that provides the users a feedback to help you identify if your training achieved your intended outcomes and helps you make decisions about future trainings.
Hence, it means the process of collecting the outcomes that is needed to determine whether training is effective.
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If Johnson Marketing's capital gain on the sale of its business was $479,000, capital improvements were $227,000, and the adjusted basis in the property was $976,000, what was the sales price
If the capital gain was $479,000, the capital expenditure was $227,000 and the adjusted basis price of the property was $976,000.
The Sales Price was $ 1,682,000.
What is Sales?Sale is the act of selling a product, in most of the manufacturing companies sell their inventory to earn profits and this is how they generate revenue.
There are cases where company sell their assets that they use or are alternatively as capital investments, the case in the scenario is of a sale of a property, the property is sold at a price, the price is unknown but the amount of gain/ profit made at the sale is known and provided.
The amount of profit, capital expenditure and the adjusted basis price of the property is added to formulate the sales price for the property.
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Financial risk refers to the: Multiple Choice general business risk of the firm. risk of owning equity securities. risk faced by equity holders of firms with debt. the risk that the share price may not reflect all known information. possibility that interest rates will increase.
Financial risk refers to the option (C) i.e, risk faced by equity holders of firms with debt.
What is financial risk?The possibility of financial loss in an investment or commercial enterprise is known as financial risk. Credit risk, liquidity risk, and operational risk are a few of the more typical and distinct financial risks.
Financial risk is a type of risk that could cause interested parties to lose money. This may result in governments losing control over monetary policy and defaulting on bonds or other debt obligations. Corporations may fail in an endeavor that places a financial burden on the company, in addition to the danger of defaulting on debt they take on.
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An aggregate demand (ad) curve shows the:
An aggregate demand curve shows the total spending on domestic goods and services at each price level.
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The following cost information pertained to the Violin Division of Stringing Music Co. and was based on monthly demand and sales of 200 units: Per-Unit Costs Variable production costs: Direct materials $170 Direct labor 155 Variable factory overhead 75 Fixed production costs: Depreciation (equipment) 15 Factory rent 58 Other 15 Total production cost $488 Variable selling
The contribution margin per unit sold by Violin Division of Stringing Music Co is $326.
What is the contribution margin per unit?The contribution margin per unit is the difference between the selling price per unit and the total variable costs (production and selling) per unit.
Data and Calculations:Monthly demand and sales = 200 units
Per-Unit Costs
Variable production costs:Direct materials $170
Direct labor 155
Variable factory overhead 75
Fixed production costs:
Depreciation (equipment) 15
Factory rent 58
Other 15
Total production cost = $488
Variable selling = $24
Fixed selling & administrative costs = $36 per unit
Selling price per unit = $750
Total variable cost per unit:Direct materials $170
Direct labor 155
Variable factory overhead 75
Variable selling 24
Total variable production and selling costs = $424
Selling price per unit = $750
Contribution margin per unit = $326 ($750 = $424)
Thus, the contribution margin per unit sold is $326.
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Question Completion:Variable selling & administrative costs $24 per unit Fixed selling & administrative costs $36 per unit Given a normal selling price per unit of $750, what is the contribution margin per unit sold
What is an erp system? how does an erp system enforce best practices for an organization?
An ERP (enterprise resource planning) system is a software application that includes a centralized database and is used throughout a company. It enforces best practices through the software's business processes.
Enterprise Resource Planning (ERP) is business management software that enables a company to use a collection of interconnected applications. The ERP systems automate and simplify the operations, resulting in a leaner, more accurate and more efficient organization. ERP gives the unparalleled visibility into the main business activities.
ERP may integrate information and procedures in one location rather than managing each aspect of the firm with a separate system. This streamlines tasks, automates procedures, and allows all parts of the supply chain to work more efficiently.
As a result, an ERP (enterprise resource planning) system is a software program with a centralized database that is utilized throughout a business. It enforces best practices through the business operations of the program.
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The face-to-face presentation and promotion of goods and services is known as personal?
Personal promoting is likewise called face-to-face promoting wherein one individual who's the salesperson attempts to persuade the client in shopping for a product.
It is a promotional approach via way of means of which the salesclerk makes use of his or her capabilities and skills in an try to make a sale. Face-to-face advertising refers to any state of affairs in that you sell your commercial enterprise to any other individual or to a set of humans in individual. You get to appearance the alternative humans in the attention as you supply your pitch or hook up with them on a private level.
For instance, you would possibly meet any person on the grocery store. That individual asks you what you do for a living, and also you provide an explanation for which you create on line publications for aspiring photographers.
At that point, the communique would possibly shift. However, if the alternative individual is inquisitive about photography, she or he would possibly ask questions on your on line course. You may want to offer a commercial enterprise card or a internet site cope with wherein that individual may want to analyze greater approximately your commercial enterprise.
That's an instance of casual face-to-face advertising. You take gain of an possibility to allow a person recognize approximately your commercial enterprise and the virtual merchandise which you sell.
Face-to-face income strategies make stronger relationships with possibilities and customers, decorate logo credibility, and permit reps to talk key price propositions greater effectively. In-individual promoting processes additionally assist reduce through the static and make manufacturers stand out towards the competition.
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What are the symptoms and long-term complications of genital human papillomavirus (HPV)?
Most people with HPV never develop symptoms, but sometimes the infection can develop into genital warts, cervical cancer, or other genital cancers.
Many people with HPV have few or no symptoms, but sometimes the infection spreads to cause serious issues with the nervous system or circulatory system.
Symptoms include fever, swollen glands, headaches, and fatigue; when the infection is left untreated, it can cause serious issues like cancer and even stroke.
Symptoms include joint pain, headaches, and abdominal pain; when the infection is left untreated, it can lead to serious issues like heart disease or cancer.
HPV is such that Most people with HPV never develop symptoms, but sometimes the infection can develop into genital warts, cervical cancer, or other genital cancers.
What are some symptoms that come with HPV?A person with HPV might not know that they have the virus for a long time because most people don't develop any symptoms.
However, this isn't a free pass because HPV can lead to damaging effects such as genital warts and cancers.
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Early in the year, Marlon was in an automobile accident during the course of his employment. As a result of the physical injuries he sustained, he received the following payments during the year:
As a result of the physical injuries he sustained, he received the following payments during the year:$0. This is further explained below.
What are physical injuries?Generally, Heat and cold, electrical discharges, changes in pressure and radiation are all examples of physical ailments that may be induced by mechanical traumas.
In conclusion, It is possible for Marlon to deduct from his gross income the $10,000 in medical bills that were paid for by his health insurance policy and repaid to him. Even though the payout is in lieu of Marlon's salary, the $15,000 that he got as part of the settlement for the physical personal injury damage may be disregarded when calculating his gross income.
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Which type of business is most likely to hire a specialist designer?
a. startups.
b. design agencies.
c. small business.
d. large companies.
The answer is large companies.
Specialist designers are contractors or suppliers who are hired first to design and then to carry out the job on site or deliver goods or services. Appointed by the client to design and maybe supervise work on site.
Large corporations, for example, tend to hire specialized designers, therefore titles like "User Researcher" and "Visual Designer" are common. Small and medium-sized businesses, on the other side, desire generalists and will have positions like "UX Designer" or even "UI/UX Designer."
Therefore, the answer is large companies.
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Provisions that a party agrees to perform only if the other side also does what it promised are called Group of answer choices choice of forum provisions. conditional promises. reciprocal promises. riders.
If the provisions are reciprocal promises this means that they are each enforceable independently.
What is Reciprocal Promise ?These promises that the promisee does to form the consideration form an agreement.
When you go to a shop, the shopkeeper agrees to give you the product in exchange for money. This is an example of a reciprocal promise where you promise to pay the value of the product and the shopkeeper promises to give you the goods on receipt of the payment.Under Reciprocal Promise both parties promise each other to do something in the future. So, the first promise forms the consideration for the second promise and second promise forms the consideration for the first promise.Learn more about Reciprocal Promise here:
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The _____________ advertising budgeting method could rightfully be described as a ""follow the leader"" approach and typically happens inside oligopoly markets.
The affordable method approach to advertising budgeting method could rightfully be described as a "follow the leader" approach and typically happens inside oligopoly markets.
When advertising in any way, one or more of the following communication outcomes is generally desirable: all of the above (notifying the customer or prospect, calling the customer or prospect's attention, calling the customer or prospect to convince customers or prospects)
When communicating with customers, advertising marketers usually need to emphasize more aspects of their brand. Worth it for most customers. In communications, (1) "contagious" information means that once received, the information is likely to be passed from the original recipient to other recipients.
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On a timeline, a goal that will be achieved in
of one that will be achieved in
years.
OA. 6; 9
OB. 6; 3
O C. 9;3
O D. 9; 6
years will be to the left
The Midwest Division of Grainger Company has investment center average invested assets of $200,000 and investment center income of $40,000. What is the return on investment for this division?
The return on investment for this division is (B) 20%.
What is the return on investment (ROI)?Return on investment (ROI) or return on costs (ROC) is a ratio of net income to investment over time (costs resulting from an investment of some resources at a point in time). A high ROI indicates that the benefits of the investment outweigh the costs. ROI is used as a performance indicator to evaluate the efficiency of an investment or to compare the efficiencies of several investments. It is one method of connecting profits to capital invested in economic terms.To find the return on investment for this division:= income/average invested assets
= $40,000/$200,000
= return on investment
= 20%
Therefore, the return on investment for this division is (B) 20%.
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Correct question:
The Midwest Division of Grainger Company has an investment center average invested assets of $200,000 and an investment center income of $40,000. What is the return on investment for this division?
(A) 500%
(B) 20%
(C) 25%
(D) 80%
Which of the basic organizational functions records all financial activity from billing customers to paying employees?
Which of the basic organizational functions records all financial activity from billing customers to paying employees: Accounting
Financial usually refers to money matters or transactions of some size or importance. Cash, stocks, bonds, mutual funds, and bank deposits are all examples of financial assets.
The Financial field includes three main subcategories:
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For studies conducted outside of the u.s., the device risk analysis and assessment are described in the?
For studies conducted outside of the u.s., the device risk analysis and assessment are described in the Investigator's Brochure (IB)
This is further explained below.
What is Investigator's Brochure (IB)?Generally, The Investigator's Brochure (IB), which is kept up to date by a drug developer or investigator, is a thorough compilation of clinical and nonclinical data on the investigational product (drug, supplement, device, or other product) that contains the body of knowledge about the investigational product obtained before the study began.
In conclusion, The device risk analysis and evaluation are given in the investigator's brochure for trials that were carried out in countries other than the United States (IB)
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_____ occurs when a sample, in some ways, is not representative of the target population.
Sampling error occurs when a sample, in some ways, is not representative of the target population. A sampling error is a statistical error that occurs when an analyst fails to choose a sample that accurately represents the entire population of data. As a result, the sample results do not correspond to the results obtained from the entire population.
Sampling is a type of analysis that involves selecting a subset of observations from a larger population. The selection method can result in both sampling and non-sampling errors. Sampling is a type of analysis that involves selecting a subset of observations from a larger population.
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Gabriele Enterprises has bonds on the market making annual payments, with 10 years to maturity, a par value of $1,000, and selling for $890. At this price, the bonds yield 7.7 percent. What must the coupon rate be on the bonds
The coupon rate is 4.29%.
FV = 1000
PMT = ?
N = 8
I = 5.10%
PV = -948
Inputting the above details on the calculator you can find PMT
$42.92 PMT(5.1%,8,-948,1000)
Alternatively, the PMT function in excel can also be used
Coupon Rate = 42.92/1000
= 4.29%
This gives you a coupon rate of 4.29%
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If the local government imposed a minimum wage of $4 in productionville, how many people would be unemployed
If the local government imposed a minimum wage of $4 in production Ville, then employment will decrease by 0.
Who among the following would be counted as unemployed?
If a person does not have a job, has actively sought employment during the previous four weeks, and is currently eligible for employment, they are considered to be unemployed.
How do we figure out the unemployment rate?
To find the proportion of unemployed people, divide the number of unemployed people by the total workforce, and multiply the result by 100.
What is considered the natural rate of unemployment?
Many people believe that a rate of unemployment between 4% and 5% indicates full employment and is not very alarming. The lowest rate of unemployment that exists while inflation is steady or when it is not increasing is known as the natural rate of unemployment.
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One important metric for advertisements is ____, the number of target consumers a medium can deliver to.
One important metric for advertisements is reach, the number of target consumers a medium can deliver to.
Reach is the total number of distinct individuals or households exposed to a medium over the course of a certain time period in the context of applying statistics to advertising and media analysis. However, the number of people who will actually be exposed to and consume the advertisement should not be confused with reach.
A promotional message is delivered to the public via words, speech, photos, or video, which is referred to as the "advertising medium." Billboards, periodicals, radio, television, direct mail, and the Internet are all included in this definition.
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Suppose you have a collision involving another car with a single occupant, the driver. It is your fault. No one is seriously hurt, but the other driver chooses to go to the emergency room to be checked out. The medical cost is $1,500. The damage to your car is $3,000, And the damage to the other car is $6,000. You have the following minimum coverage:
Bodily injury liability coverage: $15,000 per person, $30,000 per accident
Property damage liability coverage: $5,000
No collision.
1. How much would your insurance pay and how much would you pay? Explain why.
Answer:
that would be crease
Explanation:
dsa
Randolph scott operates a business as a sole proprietorship. this year his net profit was $10,570. for tax purposes this amount should be reported on?
Based on the fact that Randolph Scott is a sole proprietor, the net profit for tax purposes needs to be reported on A. Schedule C, Statement of Profit or Loss from Business.
How are sole proprietor profits treated?The financial business activities of a sole proprietor are treated as the same as their personal activities for the purposes of taxation because a sole proprietor is not separated from their business.
This means that profits and losses to the sole proprietor would go to Schedule C on their tax forms.
This is form is used to denote the Statement of Profit and Loss which means that it is where business profits will go.
The net profit to Randolph will not go to Form 1040 as other income because net income is the main income of the business.
It is also not to be considered rent or income from royalityes and so it will not go to Schedule E.
As a sole proprietor is not separable from their business, the net income to Randolph will not go to a separate tax return which is prepared for business operations.
In conclusion, option A, Schedule C, Statement of Profit or Loss from Business, is correct.
Options include:
A. Schedule C, Statement of Profit or Loss from BusinessB. The first page of Form 1040 as other incomeC. A separate tax return prepared for the business operationD. Schedule E, Statement of Rent and Royalty IncomeFind out more on sole proprietorships at https://brainly.com/question/4442710
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