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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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What differences and similarities exist between monopolistic competitive firms and perfect competitive firms?
astraxan [27]

Answer:

In perfect competition, the product offered is standardized whereas in monopolistic competition product differentiation is there. In monopolistic competition, every firm offers products at its own price. ... Entry and Exit are comparatively easy in perfect competition than in monopolistic competition.

Explanation:

(hope this helps)

4 0
3 years ago
Creating a company newsletter, Web site, and blog, or being active on a social media site are specific ways to help improve your
lord [1]
The answer would be: The company's marketing team departement
The main function of a marketing deparement on every companies is to improve company's awareness to the potential customers in the market.
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3 0
3 years ago
What are reasons why strategic planning may not occur sequentially?
olga nikolaevna [1]

There are several reasons why strategic planning may not take place in order:

  1. When conducting a situation analysis makes it necessary to update the mission statement
  2. When there are insufficient resources to allow the execution plan to proceed
  3. When fresh strategic chances present themselves

Strategic planning is a process carried out by an organization to determine strategy or direction, and make decisions to allocate its resources (including capital and human resources) to achieve this strategy. Strategic planning is a management tool used to manage current conditions to project conditions in the future, so strategic plans are a guide that organizations can use from current conditions to work towards the next 5 to 10 years.

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5 0
2 years ago
Discuss any 2 advantages and disadvantages of linear model of communication​
Nitella [24]

Answer: The greatest advantage of the linear model of communication is that the message is clear and unambiguous, leaving the audience with little or no ability to change the message content, style, or presentation. A major disadvantage of the linear model is that often this model can isolate people who should be involved from the line of communication. As a result they may miss out on vital information and the opportunity to contribute ideas.

Explanation:

An advantage of linear model communication is that the message of the sender is clear and there is no confusion . It reaches to the audience straightforward. But the disadvantage is that there is no feedback of the message by the receiver.

7 0
3 years ago
Ajax Computer Company is an accrual-method calendar-year taxpayer. Ajax has never advertised in the national media prior to this
SOVA2 [1]

Answer: No deduction can be claimed this year.

Explanation:

The options to the question are:

a. No deduction can be claimed this year.

b. $5.50 million

c. $2,500,000

d. $5.50 million only if the professional golf tournament is played before April 15.

Answer:

Since Ajax Computer company is an accrual method calender-year tax payer, the computer company would recognize the expenses only when such expenses are incurred and not at the time that cash is being paid for the the expenses

Ajax computer company already paid in advance for both advertisements the following year even though the advertisement eanst taking place that year. Therefore, the payments will not be considered to be an expense until advertisements has actually taken place. Because of this, Ajax cannot deduct the amounts paid for the advertisements next year and hence, no deduction will be claimed this year.

4 0
3 years ago
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