Answer:
The Chainsmokers ft. Daya
Explanation:
Answer:
Option A; 2.5
Explanation:
Average Accounts Receivable =
<u>Accounts Receivable(Opening) + Accounts Receivable (Closing</u>
2
<u>$220,000+$340,000</u>
2
$280,000
Vici's Receivables Turnover Ratio 2009= <u>Credit Sales</u>
Average Accounts Receivables
Credit Sales= $1000,000×70%=$700,000
Accounts Receivables Turnover Ratio=<u> 700,000</u>
280,000
A. 2.5
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Answer:
The correct answer would be A.
Answer
The answer and procedures of the exercise are attached in the following archives.
Explanation
You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.
Answer:
<u>c. exposing himself to unlimited personal liability.</u>
Explanation:
One major characteristic of sole proprietorship being the individual is sole recipient of profits and sole bearer of all risks and liabilities.
A sole proprietor bears unlimited liability in the sense that, in case of bankruptcy, the proprietor's personal assets can be taken away to repay debts owed by him.
Though a proprietor also remains the sole recipient of all gains, similarly the proprietor is also exposed to unlimited risk.
Thus, the correct option is, c. exposing himself to unlimited personal liability .