All categories

2 years ago

One who assumes all risks for the business and whose personal assets can be taken to pay creditors is called a(n)

Business

1 answer:

insens350 [35]2 years ago

5 0

Answer: Sole proprietor

Explanation:

In a sole proprietorship, the owner is complete control of the business. They own a 100% of the shares and manage all aspects of the business.

Unfortunately as a result, there is no distinction between their assets and those of the business which means that they are personally liable for any risks that the business may incur. If the company goes bankrupt for instance, and the company assets aren't enough to settle debts, the personal assets of the sole proprietor would be sold off to settle the creditors.

You might be interested in

*BLANK* bias indicates the tendency of an individual to attribute his or her own successes to internal factors while putting the

AveGali [126]

Answer:

B- Self-serving

Explanation:

just took it

6 0

3 years ago

For 2019, Skresso Co. reported $1.82 of earnings per share of common stock. During 2020, the firm had a 4% common stock dividend

mart [117]

Answer:

$1.75

Explanation:

Earnings per share to be reported = Earnings per share of commo stock * (1 - 4%)

Earnings per share to be reported = $1.82 * 96%

Earnings per share to be reported = $1.7472

Earnings per share to be reported = $1.75

So, the 2019 earnings per share to be reported in the annual report for 2020 are $1.75.

4 0

2 years ago

A fully discrete whole life insurance policy paying $50,000 at the end of the year of death is issued to an individual age 36. T

DerKrebs [107]

Answer:

Our P = 17540 $

Explanation:

Amount of Insurance Policy = 50000$

premium reserve at 10th Year = 8000$

Net Premium for the policy = 900$

Annual Interest Rate = 6%

Net Premium at the age of 46 = ????

900 * 10 years = 9000$

9000 + Interest rate @ 6% = 9540$

Net Premium + Premium reserve of 10 Years = 9540 +8000 = 17540$

P = 17540 $

Note: As similar policy have interest rate @ 6%,which is paid every year,

At the age of 46, Net premium reserved amount also will be recovered.

6 0

3 years ago

Video quiz the story in the video describes how the ceo of japan airlines, haruka nishimatsu, serves as an example of

ipn [44]

Answer:

C) Several of the characteristics of a high performing strategic leader.

Explanation:

Nishimatsu established several policies (e.g. open-door, eating with employees, etc.) to decentralize planning strategies.

Nishimatsu also had the habit of talking with flight attendants and other low level employees as a way of being well informed about the airline's operations.

He even decided to take a wage cut when the airline was in financial trouble, which is extremely uncommon for a CEO.

Nishimatsu's behavior and traits made the employees have a very positive opinion of him, and they felt he was approachable and a true leader.

3 0

2 years ago

The service sector is important for all of the following reasons EXCEPT Select one: A. services make an important contribution t

ioda

Answer:

Answer letter C.

Trade in service can provide traditional and new export opportunities

6 0

3 years ago