Homework Answers
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The major disadvantage of proprietorship is that the owner of the firm has unlimited liability and entire wealth is at risk.
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What is a major disadvantage of a proprietorship? A major disadvantage of a proprietorship is that...
Steps to Creating a Super Startup Starting a business is a complicated and risky task. Just...
Steps to Creating a Super Startup Starting a business is a complicated and risky task. Just two-thirds of new small businesses survive at least two years, and only 44 percent survive at least four years. Most entrepreneurs start their businesses by dipping into their savings, borrowing from the family, and using the founder's credit cards. Getting a bank loan is tough unless you have assets and that often means using your home as collateral. Source: CNN, October 18, 2007 When...
A sole proprietorship: Multiple Choice can generally raise significant capital from non-owner sources. involves significant legal...
A sole proprietorship: Multiple Choice can generally raise significant capital from non-owner sources. involves significant legal costs during the formation process. provides limited financial liability for its owner has its profits taxed as personal income. has an unlimited life.
One of the major advantages of a sole proprietorship is A. that the owner has limited...
One of the major advantages of a sole proprietorship is A. that the owner has limited liability. B. that stock in the proprietorship can be easily transferred. C. that it is exempt from many tax rules that would otherwise apply when employees are hired by the firm. D. low operating costs
Which of the following is a major disadvantage of a sole proprietorship? Select the best choice...
Which of the following is a major disadvantage of a sole proprietorship? Select the best choice below.) O A. Expensive to setup. O B. Agency problems. C. Joint liability. O D. Unlimited liability Homework: Chapter 1 End of Chapt Score: 0 of 1 pt Problem 1.LO4.25 (static) Who is responsible for hiring senior management and setting their compensation? Select the best choice below.) O A. Shareholders OB. CEO. O C. Board of Directors. O D. President. Click to select your...
4. Forms of business organizations Aa Aa Businesses can be classified into the following forms: proprietorship,...
4. Forms of business organizations Aa Aa Businesses can be classified into the following forms: proprietorship, partnership, corporation, limited liability company (LLC), and limited liability partnership (LLP) Different forms of businesses have different characteristics. Which of the following characteristics belong to a proprietorship? Check all that apply Profits taxed only once, at the individual (personal) level Subject to unlimited liability Can easily raise large amounts of capital You see and read about different kinds of businesses every day. The following...
Question 3 of 75. Which of the following is a disadvantage of operating as a sole...
Question 3 of 75. Which of the following is a disadvantage of operating as a sole proprietorship? O Sole proprietorships have complex legal and accounting requirements. The owner of a sole proprietorship generally carries unlimited liability for the debts and liabilities of the business O A sole proprietorship has limited flexibility in choosing a tax year. O A sole proprietorship may only use the accrual method of accounting.
Probably the major disadvantage of the standard corporation form of business is limited liability. O double...
Probably the major disadvantage of the standard corporation form of business is limited liability. O double taxation of dividends paid to shareholders. O limited life. O an ability to issue bonds as a form of raising funds.
For question #4 accurately answer each of the following: Ch 01: Assignment-An Overview of Financial Management...
For question #4 accurately answer each of the following:
Ch 01: Assignment-An Overview of Financial Management Businesses can be classified into the following forms: proprietorship, partnership, corporation, limited liability company (LLC), and limited liability partnership (LLP). Different forms of businesses have different characteristics. Which of the following characteristics belong to a proprietorship? Check all that apply. Profits taxed only once, at the individual (personal) level can easily raise large amounts of capital Subject to unlimited liability You see and read...
QUESTION 12 Which of the following is an advantage of the sole proprietorship? A. Limited liability...
QUESTION 12 Which of the following is an advantage of the sole proprietorship? A. Limited liability for its owner B. Double taxation on its owner C. No significant legal requirements for starting the business D. Ability to sell shares of ownership to the investing public QUESTION 7 6.25 points Save Answer Assume that a business has earned Net Income of $200,000 in a given year and that the corporate tax rate is 21%. Individuals are taxed at a rate of...
4. Forms of business organizations Aa Aa Businesses can be classified into the following forms: proprietorship,...
4. Forms of business organizations Aa Aa Businesses can be classified into the following forms: proprietorship, partnership, corporation, limited liability company (LLC), and limited liability partnership (LLP). Different forms of businesses have different characteristics. Which of the following characteristics belong to a limited liability company? Check all that apply. Might be an S corporation (a special case with a limited number of shareholders) Types of businesses that may adopt this form designated by states Owners with limited liability and possibly...
Steps to Creating a Super Startup Starting a business is a complicated and risky task. Just two-thirds of new small businesses survive at least two years, and only 44 percent survive at least four years. Most entrepreneurs start their businesses by dipping into their savings, borrowing from the family, and using the founder's credit cards. Getting a bank loan is tough unless you have assets and that often means using your home as collateral. Source: CNN, October 18, 2007 When...
A sole proprietorship: Multiple Choice can generally raise significant capital from non-owner sources. involves significant legal costs during the formation process. provides limited financial liability for its owner has its profits taxed as personal income. has an unlimited life.
Which of the following is a major disadvantage of a sole proprietorship? Select the best choice below.) O A. Expensive to setup. O B. Agency problems. C. Joint liability. O D. Unlimited liability Homework: Chapter 1 End of Chapt Score: 0 of 1 pt Problem 1.LO4.25 (static) Who is responsible for hiring senior management and setting their compensation? Select the best choice below.) O A. Shareholders OB. CEO. O C. Board of Directors. O D. President. Click to select your...
4. Forms of business organizations Aa Aa Businesses can be classified into the following forms: proprietorship, partnership, corporation, limited liability company (LLC), and limited liability partnership (LLP) Different forms of businesses have different characteristics. Which of the following characteristics belong to a proprietorship? Check all that apply Profits taxed only once, at the individual (personal) level Subject to unlimited liability Can easily raise large amounts of capital You see and read about different kinds of businesses every day. The following...
Question 3 of 75. Which of the following is a disadvantage of operating as a sole proprietorship? O Sole proprietorships have complex legal and accounting requirements. The owner of a sole proprietorship generally carries unlimited liability for the debts and liabilities of the business O A sole proprietorship has limited flexibility in choosing a tax year. O A sole proprietorship may only use the accrual method of accounting.
Probably the major disadvantage of the standard corporation form of business is limited liability. O double taxation of dividends paid to shareholders. O limited life. O an ability to issue bonds as a form of raising funds.
For question #4 accurately answer each of the following:
Ch 01: Assignment-An Overview of Financial Management Businesses can be classified into the following forms: proprietorship, partnership, corporation, limited liability company (LLC), and limited liability partnership (LLP). Different forms of businesses have different characteristics. Which of the following characteristics belong to a proprietorship? Check all that apply. Profits taxed only once, at the individual (personal) level can easily raise large amounts of capital Subject to unlimited liability You see and read...
QUESTION 12 Which of the following is an advantage of the sole proprietorship? A. Limited liability for its owner B. Double taxation on its owner C. No significant legal requirements for starting the business D. Ability to sell shares of ownership to the investing public QUESTION 7 6.25 points Save Answer Assume that a business has earned Net Income of $200,000 in a given year and that the corporate tax rate is 21%. Individuals are taxed at a rate of...
4. Forms of business organizations Aa Aa Businesses can be classified into the following forms: proprietorship, partnership, corporation, limited liability company (LLC), and limited liability partnership (LLP). Different forms of businesses have different characteristics. Which of the following characteristics belong to a limited liability company? Check all that apply. Might be an S corporation (a special case with a limited number of shareholders) Types of businesses that may adopt this form designated by states Owners with limited liability and possibly...
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