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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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ProTech began business at the start of the current year. The company planned to produce 40,000 units, and actual production conf
xxTIMURxx [149]

Answer:

$230,000

Explanation:

Calculation for what the company's absorption-costing income would be:

First step is to calculate the Fixed manufacturing per unit

Fixed manufacturing per unit = $240,000 ÷ 40,000

Fixed manufacturing per unit= $6

Second step is to calculate the per units cost using this formula

Per Unit cost = Sales − Variable costs − Fixed OH

Let plug in the formula

Per Unit cost = $42 − $19 − $7 − $6 = $10 × 37,000

Per Unit cost = $370,000

Now let calculate the what the company's absorption-costing income would be

Absorption-costing=$370,000 − $140,000

Absorption-costing= $230,000

Therefore the company's absorption-costing income would be:$230,000

4 0
2 years ago
The five stages a buyer passes through in making choices about which products and services to buy is called the postpurchase beh
pychu [463]

Answer:

Purchase Decision Process

Explanation:

The purchase decision process is the one through which the a buyer makes his decision of buying a certain product.

This consumer buying process has five step which they use to make their decision, are following;

  1. Need or Problem Recognition.
  2. Information Search.
  3. Evaluation of Alternatives.
  4. Purchase Decision.
  5. Post-Purchase Evaluation.

I hope the answer is helpful.

Thanks for asking.

8 0
2 years ago
Thomas is concerned about his company's ability to pay off its short-term debts. If he wants to know more about his company's li
Lunna [17]

Answer: d. Calculate his net working capital

Explanation:

A company's liquidity is shown by the current assets that it has. These assets are to be used to pay off current liabilities as well so in checking for liquidity, it is best to remove current liabilities from current assets as this shows how liquid the company is in that period.

This is what the Net Working Capital is. It is a result of deducting the Current liabilities from the current assets. When Thomas calculates this, he will be able to see how liquid his company is and if he is able to pay off short-term debt and still have enough for other transactions.

5 0
3 years ago
Why do car manufacturers offer dealer incentives?
bulgar [2K]
The reason they offer these is to help a slow selling model or brand of vehicle basically saying they do this to try to boost the hype for the vehicle and hopefully the incentives will make the model sell faster.


Hope this helped!
7 0
3 years ago
Read 2 more answers
Where can current exchange rates and trade information be found?
zvonat [6]

...the currency's representative exchange rate...

3 0
2 years ago
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