All categories

3 years ago

A sole proprietor has limited liability

Business

2 answers:

kykrilka [37]3 years ago

8 0

Answer:false

Explanation: idk I only know the answer

Mrrafil [7]3 years ago

5 0

Answer:

The answer is false.

Explanation:

A sole proprietorship has an unlimited liability when it comes to meeting the debts to the external parties.

Only private companies, public quoted companies and comapanies limited by guarantee are eligible to limited liability.

Unlimited liability means that the owner is liable personally settel the debts, even at the cost of his personal fortune asd assets while in limited liability, a shareholder is only liable upto his contribution to the total equity.

You might be interested in

What are some risks and how do you plan to reduce or eliminate them when having a business

lara [203]

Explanation:

1. Buy insurance: Though insurance is an expenses, it safe guards you and yours business from huge loss.

2. Income from multiple sources: Always do not depend on single income. Make sure that income comes from multiple sources so that you can make your business alive.

3. Have a savings: Entrepreneurs should save money as how much as they can. We cannot know when there will be a profit and when there is a loss. We can only forecast to a particular extent.

4. Limits on Loan: Keep your loans manageable: Do not step into huge loans where it will be difficult for you to manage when there is a sudden lose.

6 0

3 years ago

Malcolm is a professional writer. He has already published many best-sellers. One of his friends expressed interest in knowing m

maxonik [38]

Answer:

Malcolm is a professional writer. He has already published many best-sellers. One of his friends expressed interest in knowing more about his writing process, so Malcolm showed his friend a few of his first drafts. The friend observed that the drafts were nothing like the final book, and the writing seemed amateurish compared to Malcolm's published work. When asked about it, Malcolm said that it was the normal way of things. In this scenario, the following is the reason of this:

A) Malcolm would have revised his work many times before he was satisfied with it.

Explanation:

The option A is best reason because generally a writer doesn't break his or her flow while writing and that is what Malcolm would have done. After, he would have revised his work many times until he was satisfied.
The option B is not correct as it is not possible to change the book of a writer entirely by the publishing company.
The option C is also incorrect as the drafts were not long and cohesive because his friend found the draft amateurish but not perfect.
The option D is incorrect as it is not true that writers only create first draft and other people produce all other subsequent drafts.

4 0

3 years ago

Which of the following illustrates a tradeoff? A. Randy enjoys ski vacations. B. I will study for my exam instead of going to t

aliya0001 [1]

A tradeoff is a balance achieved between two desirable but incompatible feature. So the reasonable answer would be B

8 0

3 years ago

Your client has been given a trust fund valued at $1.07 million. He cannot access the money until he turns 65 years old, which i

slega [8]

Answer:

285 Months

Explanation:

n = 30 years × 12 = 360

percent rate = 5.0 % divided by 12 = 0.417.

Now recalling the statement of time value for money,

We have future value = present value × ( 1 + rate) ∧ n

future value = 1, 070,000 × ( 1 + 0.417 ) ∧ 360

future value = 3.33065667 E 60

At age 65, the value 3.33065667 E 60 will be the present monthly withdrawal at $28,500.

present value of ordinary annuity, = annuity ( 1 - (1 + r) ∧ -n ÷ r

= 3.33065667 E 60 = 28500 (1 - ( 1 + 0.417) ∧ - n ÷ 0.417

= 3.33065667 E 60 ÷ 28500 = (1 - ( 1 + 0.417) ∧ - n ÷ 0.417

1.168651462 E 56 = (1 - ( 1 + 0.417) ∧ - n ÷ 0.417

we now introduce logs to determine the value of n

Solving further, we discovered that n= 285.

Therefore, the number of months it will last one he start to withdraw the money is 285 month

6 0

2 years ago

Omega, Inc. is considering international expansion and wants to know if it is likely to command a high price for its fitness pro

baherus [9]

<u>Answer:</u> Option C

<u>Explanation:</u>

International expansion is a strategy where the organizations enter into global markets for the benefit of making quick profits and business development in new segments. Omega Inc can fix higher prices when their products provide a greater value to the customers in that foreign market.

In the other given situations the company cannot fix a higher price for the fitness products in foreign market. Other situations given are easily available products, low expected sales volume and low price of the competitors.

7 0

3 years ago