If this condition arises where a business can't able to pay it's debt, creditors can expect the owner to pay the debts with their personal assets of business is called- General Partnership or Sole Proprietorship.
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What is sole proprietorship?</h2>
A sole proprietorship is an unincorporated company that is run and owned by one person. This type of business structure is the simplest because there is no legal distinction between the owner and the business.
The proprietor or dealer who owns the business uses their legal identity to carry on business. By registering a trade name with their local authority, they can also decide to conduct business under a different name.
This kind of business is the least expensive to launch. Small enterprises, independent contractors, and other people who work for themselves frequently use it because of this.
When the business owner decides or upon their passing, a sole proprietorship starts and ends.
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Answer:
Which of the following situations would be considered cyclical unemployment?
B-D
Explanation:
D. A worker on the assembly line at Ford is laid off due to a drop in car sales brought on by a weak economy.
B. A recent college graduate cannot find a job anywhere, despite excellent qualifications. The news media report that there are not enough jobs to go around in the economy.
B Having courage to make decisions
Answer: Never
Explanation:
Discounted payback period aims to find out how long it will take for a project to repay its investment given its discounted cashflows.
Year 1 = 7,200 / ( 1 + 0.16)
= $6,206.8965
= $6,206.90
Year 2 = 8,900 / ( 1 + 0.16) ²
= $6,614.149
= 6,614.15
Year 3 = 7,500 / ( 1 + 0.16)³
= $4,804.93
Year 1 + Year 2 + Year 3
= 6,206.90 + 6,614.15 + 4,804.93
= $17,625.98
It failed to pay back the $17,700
