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likoan [24]
3 years ago
12

Lily wants to build a business. She has very little capital. She does, however, have a partner with which she could run a busine

ss. Lily wants to be able to avoid being held personally liable for any problems the business has. Which of the following would lead Lily to choose a sole proprietorship organization for her business?
A. Little Capital
B. Avoidance of personal liability
C. Possession of a partner
D. None of the above
Business
1 answer:
Ede4ka [16]3 years ago
8 0
It’s A.little capital
You might be interested in
Jorge is considering an investment that will pay $4,650 a year for five years, starting one year from today. What is the maximum
lutik1710 [3]

Answer:

He should pay $18,086.88 for the investment.

Explanation:

Giving the following information:

Yearly cash flow= $4,650

Number of years= 5

Rate of return= 9%

To determine the price to pay for the investment, we need to determine the present value of the cash flow.

First, we need to calculate the final value using the following formula:

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

A= annual cash flow= 4,650

i= 0.09

n= 5

FV= {4,650*[(1.09^5)-1] / 0.09}

FV= $27,828.90

Finally, the present value:

PV= FV/ (1+i)^n

PV= 27,828.90/ 1.09^5

PV= $18,086.88

He should pay $18,086.88 for the investment.

8 0
3 years ago
Red Co. recorded a right-of-use asset of $100,000 in a 10-year finance lease. Payments of $16,275 are made annually at the end o
pychu [463]

Answer:

c) $86,823

Explanation:

The balance in the lease payable after two years will be: $86,823

3 0
3 years ago
The Marshall Company has a process costing system. All materials are added when the process is first begun. At the beginning of
Korolek [52]

Answer:

D. 50,000

Explanation:

Units started and completed=50000-5000=45000

Ending work in process= 5000

Equivalent units of material= 50000

3 0
3 years ago
Label each scenario below according to the type of financial asset described.
PSYCHO15rus [73]

Answer:

SCENERIO 1=BOND

SCENERIO 2=LOAN

SCENERIO 3=STOCK

SCENERIO 4=SECURITIES WHICH ARE GUARANTEED BY LOANS

SCENERIO 5=LOAN

Explanation:

Bond is a type of loan or a financial instrument through which large corporations or Government Institutions borrow money from the public with the aim of paying with a fixed interest rate in a given period.

A Loan is amount requested by an organisation from a financial institution with the aim of paying back with some percentage of interest over a given period of time.

Stocks are also known as shares which forms parts of a particular Company sold to the public with the aim of raising capital, SHARES OR STOCK HOLDERS HAVE CERTAIN RIGHTS TO DIVIDEND AND VOTING TO REPLACE BIARD NENBERS ETC WHEN THE NEED ARISE IN THE ORGANISATION.

4 0
3 years ago
Nick has a comprehensive health care policy with a $250 per-calendar-year deductible, an 80% co-insurance provision, and a $1,00
VikaD [51]

Answer:

Nick  pay maximum $930

so correct option is d. $930

Explanation:

given data

health care policy = $250

co-insurance provision = 80 %

it mean claim to be paid by insurance company = 80%

and claim to be paid by Nick =  20 %

co payment cap = $1,000

claim insurance = $600

company paid  = $280

total bills = $5,000

to find out

How much will Nick have to pay for the second claim

solution

we get first amount to be paid by insurance company and nick  is

amount to be paid by insurance company and nick  = $600 - $250

amount to be paid by insurance company and nick = $350

and

we know here 80% of $350  paid by insurance company

so paid by insurance company  = 80% of $350 = $280

and  paid by Nick = $350 - $280 = $70

so Limit available to co payment = $1000 - $70

Limit available to co payment = $930

so Nick  pay maximum $930

so correct option is d. $930

5 0
3 years ago
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