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3 years ago

Why would a farmer be better off asking for a grant than a loan reasons

2 answers:

8 0

In addition to other costs, you need to purchase land and seed and equipment and hire hands to help you with the eventual harvest. There are, however, ways to obtain grants that cover some or all of the cost of your new farm. Grants are better than loans for one very important reason: you don't have to pay them back.

agasfer [191]3 years ago

5 0

Answer:

Because loan has to be paid in certain period of time whereas grant is a special government plan/ scheme for farmers to motivate them to work..

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When each general partner is liable for the debts of the firm, no matter who was responsible for causing the debt, this is calle

jeka57 [31]

The type of liability that is illustrated in this scenario is known as unlimited liability.

<h3>What is unlimited liability?</h3>

It should be noted that in an unlimited liability company, the general partners are responsible for all the debts and liabilities that are incurred.

In this case, each general partner is liable for the debts of the firm, no matter who was responsible for causing the debt.

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3 years ago

Selected Information from Balance Sheets (As of Year End for Years 0 and 1)

bonufazy [111]

Answer:

Cash flow from operating activities = $1,000

Explanation:

Statement of Cash flow

<u>Cash from Operating activities</u>

Net Income $3,000

+ Depreciation $2,000

+ Loss from sales of PPE $1,000

<u><em>Adjustment on Working capital</em></u>

Increase in accounts receivables -$4,000

(1,000 - 5,000)

Decrease in Inventory $1,000

(5,000 - 4,000)

Decrease in Account payable -$1,000

(4,000 - 5,000)

Decrease in unearned revenue <u>-$1,000</u>

(1,000 - 2,000)

Cash flow from operating activities <u>$1,000</u>

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4 years ago

Pharoah Industries collected $106,000 from customers in 2019. Of the amount collected, $24,200 was for services performed in 201

vodka [1.7K]

Answer:

A. $33,200

B. $35,000

Explanation:

A. Computation for 2018 cash-basis net income

2018 cash-basis net income = $106,000 - $73,800

2018 cash-basis net income= $33,200

Therefore 2018 cash-basis net income is $33,200

(b) Computation for 2018 accrual-basis net income

2018 accrual-basis net income = ($106,000 - $24,200 + $39,400) - ( $73,800 - $29,100 + $41,500))

2018 accrual-basis net income= $121,200 - $86,200

2018 accrual-basis net income= $35,000

Therefore 2018 accrual-basis net income is $35,000

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3 years ago

What was the first state to make july fourth an official holiday?.

kaheart [24]

The first state to make July fourth an official holiday is Massachusetts.

<h3>What is the significance of July fourth?</h3>

The yearly celebration of nationhood in the United States is known as Independence Day is mainly known as July 4th. It celebrates the Continental Congress's adoption of the Declaration on July 4, 1776.

The American activist Douglass opposed the celebration as the rights of African American slaves were denied. This celebration is hypocritical and unfair according to him because it ignores a group of individuals.

He believes that as a result, Americans should be saddened, as the day serves as a reminder to all of them of the violence done against African Americans.

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2 years ago

What is a type of business that is owned by stockholders whose liability is limited to the amount they have invested in the busi

KatRina [158]

Answer:

CORPORATION

Explanation:

Sole Proprietorship, Partnership are business owned & managed by a single owner, group of partners sharing profits.

Both of these business forms, entrepreneur(s) liability is unlimited , implying their assets can be at stake if business assets are insufficient to fulfil its liabilities. Although, there can be certain special limited liability partnership firms also , but the general case is explained as earlier.

However: Corporation is a separate legal entity from its owners, governed by board of directors . Owners & Corporation being separate entities, there is no pressure on the former's assets to fulfil the latter's claims. So , the owners liability is limited , only confined to the amount they have invested.

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4 years ago

Why would a farmer be better off asking for a grant than a loan reasons​

Why would a farmer be better off asking for a grant than a loan reasons