Answer:
Limited liability means the business owners' liability for debts is restricted to the amount they put into the business. With unlimited liability, the business owner is personally responsible for any loss the business makes.
Explanation:
Benefits: You do not have to carry large amounts of cash with you
drawbacks: You have to pay interest rates
it is technically a loan
hope this helps
Answer:
B. Cash in Bank account (debit) Interest on Loan account credit)
Answer:
the final payment that investor would received is $11,843.36
Explanation:
The computation of the final payment that investor would received is shown below:
Adjusted face value is
= 10,000 × (1 + 2.5%)^(3 × 2)
= 11,596.93
Final payment = Coupon + adjusted principal
= 11596.93 × 4.25% ÷ 2 + 11,596.93
= $11,843.36
hence, the final payment that investor would received is $11,843.36