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Degger [83]
3 years ago
10

As a sole proprietor, Jessica took out a loan to buy equipment for her in-home business. If Jessica's business does not make eno

ugh money to pay back her loan, she will have to sell personal property to cover her outstanding obligation. Identify the condition the scenario describes.
a. unlimited personal liability.
b. personal obligation.
c. proprietary liability.
d.obligatory property.
Business
1 answer:
Jet001 [13]3 years ago
3 0
Based on the given scenario above, the correct answer for this would be option A. So based on Jessica's situation, the condition that the scenario describes would be UNLIMITED PERSONAL LIABILITY. Unlimited liability<span> refers to the legal obligations that one must assume. Hope this is the answer that you are looking for. </span>
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Explanation:

$10,000 to start with.

From USD to pound - (GBP/USD = 1.62). Pounds = 10,000 * (1/1.62) = GBP 6,172.84

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From NZD to USD - (NZD/USD = 0.55). USD = 18,209.88 * 0.55 = USD 10,015.43

$10.015.43>$10,000

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3 years ago
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Answer: D. Product costs are expensed in the period the related product is sold

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The statement that is true with regards to product cost is that product costs are expensed in the period the related product is sold.

It should be noted that the account for the cost of goods sold consist of product cost. In a situation whereby goods are not sold, the goods will be carried to the next period.

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The buyer reviews the collected data with the manufacturer.

<h3>Who are these retailers, exactly?</h3>

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<h3>What kind of retailer is an example?</h3>

Best Buy is a prime illustration of a traditional retailer. It pays suppliers like Sony and Frigidaire market cost for the products, then charges customers more for them. Most of the things that Future Shop sells are not ones that company produces. These really are sizable establishments that offer a wide range of goods.

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6 0
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