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Dmitry_Shevchenko [17]
3 years ago
13

A sole proprietor is personally responsible for all of the businesses debts, and may be legally required to pay off those debts

with personal assets.
True
False
Business
2 answers:
nataly862011 [7]3 years ago
7 0

Answer:

true

Explanation:

nordsb [41]3 years ago
4 0

Answer:

true

Explanation:

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In the financial projections section, the sba recommends this for the projections for the first year:______
alisha [4.7K]

In the financial projections section, the SBA recommends this for the projections for the first year quarterly or monthly projections.

<h3>Financial Projections</h3>

One of the most crucial things you can do for your business each year is to plan out and work on your company's financial projections. The process itself frequently has more significance than the outcomes, or formal projections. At a minimum, strategic planning enables you to "come up for air" from the day-to-day challenges of managing the business, assess its current state, and chart a clear way forward.

Regular planning also assists your business in adjusting to change on both an internal and external level. You are better equipped to identify issues and possibilities by routinely reevaluating your company's capabilities, markets, and competition.

To know more about "Financial Projections", visit :brainly.com/question/28007394

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4 0
1 year ago
Jason and Jeanette are starting their business as a partnership along with eight other friends. They should understand that this
svetoff [14.1K]

Answer:

Unlimited Liability

Explanation:

Jason, Jeanette, and their eight other friends are forming an unlimited liability corporation, which exist in a few Canadian provinces (Alberta, Nova Scotia, and British Columbia).

In unlimited liablity corporations, as the name implies, partners have unlimited liability in case of bankruptcy or default. This means that if the company fails, partners do not only provide their capital contributions, but also their personal wealth. (for example, their houses, cars, appliances, etc).

3 0
3 years ago
What is meant by the term design mix -Business
Rina8888 [55]
Where its triangle which takes into account a basic design like economic structure etc....
5 0
3 years ago
When asked why she participated with other students in a protest against treatment of women on her campus, Kai says that all hum
stira [4]

Answer:

The correct answer is A. postconventional.

Explanation:

This level of moral development consists of an approach from a perspective superior to society. The person who reaches this level sees beyond the norms of his own community, reaching the principles on which any good society is based. Very few adults manage to have a postconventional trial.

Those individuals who reach the postconventional level have their own ethical principles, which include basic human rights such as life, freedom and justice; they see the rules as useful but modifiable mechanisms, instead of absolute norms that must be obeyed without questioning.

Because individuals with a postconventional reasoning overlap their own moral evaluation of situations about social conventions, their behavior, especially in stage six, can sometimes be confused with that of those who are in the preconventional stage.

7 0
3 years ago
Tamarack Company purchased a plant from one of its suppliers. The $1,000,000 purchase price included the land, a building, and f
timama [110]

Answer

<h3>The total purchase price allocated to land, building, and machinery accounts is $140,840, $509,707 and $355,453 respectively.</h3>

<h3>Explanation</h3>

<h3><em>Calculation of Total purchase price</em></h3>

  • Total purchase price = purchase price + legal fee        

                                   = 1.000.000 + 6.000

                                   = 1.006.000  

Allocation of the total purchase price to the land, building, and machinery accounts in Tamarack Company’s record:

  • Land = Total purchase price * (Assesed Value of Land / Total Property       Assessed Value)

= 1.006.000 * (126.000 / 900.000)

= 140.840

  • Building = Total Purchase Price * (Assesed Value of Machinery / Total Property Assessed Value)

Building =  1.006.000 * (318.000 / 900.000) = 355.453,3

<h3>Thus, the total purchase price allocated to land, building, and machinery accounts is $140,840, $509,707 and $355,453 respectively.</h3>

4 0
4 years ago
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