your going to have to put some more to that question
Answer:
<u>e. owners of sole proprietorships can lose all their personal assets if the business is sued or fails.</u>
Explanation:
<em>Remember</em>, in a sole proprietorship form of business ownership, the owner's personal assets are not usually separated from the business since the business isn't viewed as a separate legal entity.
Hence, in a case where the business incurs liability or sued/fails, <u>the owner's personal assets can be targeted in the lawsuit and may lead to loss of </u><u>all their personal assets.</u>
Answer:
Please see attached for the detailed solution.
Explanation:
a. Prepare Journal
b. Prepare statement
c. Prepare balance sheet
Please find attached solution to the above questions.
Answer:
The correct answer is option e.
Explanation:
The supply in the given example is assumed to be unchanged. Supply being constant an increase in demand will cause the demand curve to shift to the right. This rightward shift in the demand curve will intersect the supply curve at a higher point. This will cause an increase in the price as well as quantity of output in the market.
So, option e is the correct answer.
Answer:
B. After receiving a buy order from a customer, the dealer then purchases the stock into inventory and resels to the customer
Explanation:
Position trade has to do with anticipating an increase in market price by purchasing some stocks for keeps such that one sells when prices are higher.
In another sense, it is purchasing stocks when one is certain of selling them such purchasing based on existing client's demand for the stock as contained in option B.