In which form of business is a single individual responsible for the repayment of any debts? Proprietorship. In a proprietorship, a sole person owns a business. Because they are the sole owner they are responsible for paying income taxes on profits earned from the business and also repayment of debt. A proprietorship is the simplest business a person can own and operate under.

6 0

3 years ago

Napoleon owns Napoleon's Construction. He agrees to renovate Mrs. Cernan's bathroom. According to Internal Revenue Service (IRS)

VMariaS [17]

ammi s favorite sport is

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8 0

2 years ago

California real estate licensee carmen has an mlo endorsement on her license. which of these actions is she required to take?

a_sh-v [17]

She is required to include her MLO unique identification number on her business cards. Carmen is required by the law governing mortgage loan originators to include her distinctive identification on her business cards, but, not on real estate signage.

The first step in obtaining a mortgage is to speak with a loan originator, often known as a mortgage loan originator (MLO). An MLO's initial task is to convince you that working with them is your best alternative for borrowing money. The second is to direct you toward the settlement table. A loan originator is mostly a salesperson and just secondarily a loan approval chaperone.

The MLO, the borrowers, the processors, underwriters, and closers are all focused on the same successful end since mortgage loan approval is a team sport. Managing the team is the responsibility of the Loan Originator or MLO.

To know more about MLO refer here:

brainly.com/question/28079837

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8 0

2 years ago

Your company is considering purchasing a machine for $270,000. This machine will bring revenues of $100,000 in the second year,

kumpel [21]

Answer:

Yes we should go with this project because it has a positive NPV of $4,350

Explanation:

We need to calculate the net present value of the machine to decide whether to invest in the machine or not.

As per Given Data

Costs $270,000

Cash Inflows

Year 2 $100,000

Year 3 $150,000

Year 4 $75,000

Interest Rate = 6%

Net Present Value

As we know Net Present value is calculated by discounting each years cash flows using using the Weighted Average cost of Capital.

Year Cash Inflows Discount factor 13% Present values

Year 0 $(270,000) (1+6%)^-0 $(270,000)

Year 2 $100,000 (1+6%)^-2 $89,000

Year 3 $150,000 (1+6%)^-3 $125,943

Year 4 $75,000 (1+6%)^-4 $59,407

Net present value $4,350

7 0

4 years ago