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natka813 [3]
4 years ago
9

Paul Hyatt owns and operates DeepClean, a Florida-based company that cleans up mold and mildew in homes and businesses. As the s

ole proprietor of the business, he has unlimited liability, which means:
Business
1 answer:
aivan3 [116]4 years ago
6 0

Answer:

Paul Hyatt is fully liable for all business debts

Explanation:

Unlimited liability in this scenario, means that Paul Hyatt is fully liable for all business debts. That is because unlimited liability is defined as the full legal responsibility that business owners and partners assume for all business debts, and since Paul Hyatt is a sole proprietor which means that he both owns and runs DeepCleans and there is no legal distinction between him and the business entity, then he is fully liable for debts and profits of DeepClean.

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An uncle of yours who is about to retire wants to sell some of his stock and buy an annuity that will provide him with income of
lions [1.4K]

Answer:

It should cost $605,183.13 today.

Explanation:

Giving the following information:

Cash flow= $50,000

Number of years= 30

Interest rate= 7.25%

To calculate the present value, first, we need to calculate the final value using the following formula:

FV= {A*[(1+i)^n-1]}/i

A= cash flow

FV= {50,000*[(1.0725^30)-1]} / 0.0725

FV= $4,940,897.47

Now, we can calculate the present value:

PV= FV/(1+i)^n

PV= 4,940,897.47/ (1.0725^20)

PV= $605,183.13

8 0
3 years ago
Cardinal Industries purchased a generator that cost $11,000. It has an estimated life of five years and a residual value of $1,0
gogolik [260]

Answer:

2080 dollars

Explanation:

Given that Cardinal Industries purchased a generator that cost $11,000

cost of generator = 11000

Estimated life       = 5 years

Residual value     =1000

Hours                    =5000

Depreciation per unit hour = (Cost - residual value)/total lifetime hours

=\frac{11000-1000}{5000} \\=2

For first year the generator was used for 1,040 hours.

Hence depreciation to be charged in I year

= 1040(2)\\=2080

answer is 2080 dollars.

3 0
3 years ago
What is a safe deposit box? What financial records are best kept in one?
Vladimir79 [104]

A safe deposit box is a private, secure storage area at a location such as a bank. Documents such as adoption or birth records, wills, and marriage or divorce records, stock certificates, Social Security cards, and passports may be kept in them.

7 0
3 years ago
Read 2 more answers
Ruth, a fema supervisor, has a side business selling cookware out of her home. can she sell any merchandise to her subordinates
Zanzabum
<span>No, Ruth may not sell in the office but may contact subordinates after hours.
As fema Supervisor, Ruth has the obligation to maintain overall Fema Operations during her work hour.
After she finished her shift on the other hand, Ruth has the right to conducting her own business.</span>
5 0
3 years ago
Read 2 more answers
________ is when the corporate office helps subsidiaries make wise choices in their own acquisitions, divestures, and new ventur
Misha Larkins [42]

Answer:

Parenting

Explanation:

The reason is that parenting corporates add values to the organization by offering its competencies and integrating the operations of both of the organizations. This is the main objective of the organization to capture the market by controlling its costs by the acquisition of the subsidiaries. So this is what the organization wants to do when they acquire other organizations.

5 0
3 years ago
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