James Madison, if you ever forget try and remember that the author has a first name for his last name too:)
Not having the source material my guess is D
Every cooperative board of directors is charged with both protecting and utilizing the resources of the cooperative for its members. This simply stated prime directive is far from a simple task.
Balancing the needs of the member with the needs of the cooperative’s balance sheet is a tricky proposition at best. Establishing margins to cover actual costs along with additional net savings that will allow for future growth of services can be difficult, but past performance – together with reasonable expectations and realistic optimism – should drive financial projections.
With the help of the cooperative’s management, boards develop and approve business plans that will meet the organization’s goals. Most planning cycles are conducted annually, creating a budget that anticipates surpluses. New projects offering better services or products are financed along with long-term financing, either with new injections of capital or long-term borrowings. Unrealistic long-term financing projections can seriously interrupt the monthly and daily operations of a cooperative, therefore, understanding how current assets and liability affect the cash to cash cycle is a critical piece of knowledge that any board member needs. Current assets consist of cash, inventories and accounts receivable. Current liabilities include accounts payable for goods and services and the current portion of long or immediate term debt.
Answer:
A. Sources of funds for a sole proprietorship typically include personal savings, as well as raising funds from a bank or personal loans from friends and family.
C. The sole proprietor is personally responsible for all debt of the sole proprietorship.
Explanation:
- In a sole proprietorship business organisation type, the individual is the total owner of the assets and liabilities in the organisation.
- The operations of the organisations are solely determined by him or her.
- The survival of the business solely depends on the actions of the sole proprietor.
Answer:
embryonic
Explanation:
In the embryonic stage which comes after fertilization the organs and the tissue starts developing. This stage lasts till the ninth week after the fetus has been conceived.
There is rapid cell division that takes place in the cell. The gamete goes through the following stages in the embryonic period cleavage, blastula, gastrulation, and organogenesis.
Hence, the statement is referring to the embryonic period.
