Unlimited liability for sole proprietors means that​

Answers

Answer 1

Answer:

Sole proprietors and partners have unlimited liability. The unlimited liability means that if you're unable to repay the debts of the business, your creditors can go after whatever you own


Related Questions

A vegetable vendor sells carrots he sold 50% of the carrots he had in the morning of the remaining 75% was sold in everything and he still was left with 16.25 kg with him at the of the day what was the quality of carrots after a day

Answers

Answer:

65 kilograms of carrots

SSG Cycles manufactures and distributes motorcycle parts and supplies. Employees are offered a variety of share-based compensation plans. Under its nonqualified stock option plan, SSG granted options to key officers on January 1, 2021. The options permit holders to acquire 12 million of the company’s $1 par common shares for $11 within the next six years, but not before January 1, 2024 (the vesting date). The market price of the shares on the date of grant is $13 per share. The fair value of the 12 million options, estimated by an appropriate option pricing model, is $3 per option. Required: 1. Determine the total compensation cost pertaining to the incentive stock option plan. 2. & 3. Prepare the appropriate journal entries to record compensation expense on December 31, 2021, 2022, and 2023. Record the exercise of the options if all of the options are exercised on May 11, 2025, when the market price is $14 per share.

Answers

1. The total compensation cost pertaining to the incentive stock option plan is $36 million.

2. & 3. The appropriate journal entries to record compensation expense on December 31, 2021, 2022, and 2023 are:

1. Total compensation expense

Total compensation expense=Total option× Fair value per option

Total compensation expense=$3×12 million

Total compensation expense= $36 million

2. SSG Cycles Journal entry

December 31, 2021

Debit Compensation expense $12 million

Credit Additional-paid in capital -Stock options $12 million

($36 million/3 years = $12 million per year)

(To record compensation expense)

December 31, 2022

Debit Compensation expense $12 million

Credit Additional-paid in capital -Stock options $12 million

($36 million/3 years = $12 million per year)

(To record compensation expense)

December 31, 2023

Debit Compensation expense $12 million

Credit Additional-paid in capital -Stock options $12 million

($36 million/3 years = $12 million per year)

(To record compensation expense)

3. May 11, 2025

Debit Cash $132 million

($11×12 million)

Debit Additional-paid in capital -Stock options $36 million

Credit Common stock $12 million

($1×12 million)

Credit Additional-paid in capital -excess par $156 million

($132 million+$36 million-$12 million)

(To record the exercise of stock option)

Learn more here:https://brainly.com/question/15053230

Banks in Ruritania have a required reserve ratio of 8% . Round all answers to one place after the decimal. What is the simple money multiplier

Answers

The simple money multiplier is 12.5.

The reserve ratio is the ratio the Central Bank of a country requires banks to keep as reserves in order to meet unforeseen circumstances. For example, if the reserve ratio is 8%, if a customers deposits $1000, banks must keep $80 as reserves.

Money multiplier is the maximum amount of money commercial banks can create.

Money multiplier = 1 / reserve ratio

1 / 8%

1 / 0.08 = 12.5

A similar question was answered here: https://brainly.com/question/14223065

Which is a correct statement about common types of test questions? O There is little difference in how these types of questions should be approached. Most can be approached by determining relationships between sets of ideas. Most can be approached by determining whether an idea or fact is accurate. Each type of question should be approached with a specific strategy.​

Answers

Answer: it’s C

Trust Me

Answer:

D ( Each type of question should be approached with a specific strategy).

Explanation:

Have an amazing day/night!! <33

God Bless All <33

A short-term job or work project that can be paid or unpaid and can lead to a full-time, paying position is called a(n) _____.
a.
job shadow
b.
temp job
c.
internship
d.
cooperative program


Please select the best answer from the choices provided

A
B
C
D

Answers

Answer:

its called an internship so c

Answer:

The answer is C. internship

Explanation:

A short-term job or work project that can be paid or unpaid and can lead to a full-time, paying position is called an internship.

Is Cab Service in the UK is Excellent Choice for Transport?

Answers

Cab services are the best option for transportation in the UK.

Cabs are a type of personalized transport that works in the United Kingdom, this service offers several advantages compared to taxis such as:

It is cheaper than taxis.It is more comfortable and less disturbing.They have several options for the number of people traveling.They can be booked easily and quicklyOffers a much faster transportation service than buses or black taxisIt is available 24 hours a day, 7 days a week.

Based on the above, it can be inferred that Cabs are the best transport service in the UK.

Learn more in: https://brainly.com/question/23627598

Identify the type of writing/Essay.
11. There was a sudden hush among the people in the crowd on top of Mount Sinai. Following their gaze, I saw a thin red sliver sitting on top of bands of silver-gray clouds, suspended over the desert wilderness. As I continued to watch, the Red Crescent becomes larger, filling out into a semicircle and spilling its pigment onto the clouds and the bleak desert hills. Answer;
12. People often refer to Africa as the Dark Continent, meaning that Africans were uncivilized, unsophisticated, and ignorant people. West Africa, East Africa, and ancient Zimbabwe are examples that refute this stereotype. The Dark Continent would not be an accurate label for Ancient Africa. Answer;
13. The Taj Mehal complex includes a main gateway, a garden with pools of water, a red sandstone mosque, and an identical building called “Jawab” shah Jahan wanted to build the second mausoleum across the river, as grandiose as the Taj Mehal, to have his own remains buried there. He also wanted the two mausoleums to be connected with bridges. But unfortunately, these plans remained on paper.​

Answers

Answer:

11 informative

12 comparison

13 cause and effect

11th the essay is about Informative.

12th the essay is about comparison.

13th the essay is about cause and effect.

What do you mean by informative?

Informative means providing useful knowledge or ideas.

It helps to organize ideas, concepts, and information using strategies such as definition, classification etc.

What is comparison?

Comparison is the act of finding out the differences and similarities between two or more people or things.

Or a comparison is an examination of two or more items to establish similarities and dissimilarities.

What is cause and effect?

A cause is something that produces an event or condition.

An effect is what results from an event or condition.

The purpose of the cause-and-effect essay is to determine how various phenomena relate in terms of origins and results.

To know more about cause and effect here

https://brainly.com/question/14392541

#SPJ2

When corn prices soared, hog farmers used less corn to feed their pigs. The hog farmers showed a decrease in their:

Answers

they bought less corn, so they showed a decrease in demand.

Wrinkles Away Inc. is entering a foreign market and is spending significant funds on educating customers about their line of wrinkle-reducing skincare products. These costs are an example of _____ costs.

Answers

The costs that Wrinkles away is spending to educate customers is what is referred to as the pioneering costs.

The pioneering costs are those costs that come up due to the fact that the foreign business is way different from what works in the home market.

As a result of this, the business firm has to spend quite an amount of its financial, time and effort resources to learn more about the market.

The business has to send its money to educate the users on the product that they have in the market.

Read more on https://brainly.com/question/19165737?referrer=searchResults

Why do businesses compete in free enterprise system?

Answers

Answer:

Businesses in free enterprise systems compete with each other to produce better products at better prices. Competition leads to innovation, new ideas and a more competitive market. Competiting allows businesses to control themselves and their ideas in an efficent manner.

However, competition in the free enterprise systmem leads to lower wages and income. It leads to the best product at the lowest price. It leads to a variety of products available to the consumer.

if you liked my answer please mark me as brainliest !! thanks <3 !!

Increased flexibility in scheduling has become an important benefit for employers to offer because of:

Answers

Increased flexibility in scheduling serves as important benefit for employers to offer because of:

1)the increase in single parent homes

2)the increase in two-income families

Scheduling  serves as a process of arranging as well as  controlling and optimizing work when  carrying out a production process.

It is important for employers to have Increased flexibility in scheduling because of the rise in single parent home.

Learn more at:

https://brainly.com/question/9917659?referrer=searchResults

Listed below are selected transactions completed by Ridge Company during March of the current year.
Mar. 5
10
13
15
Rendered services on account to Quinton Co., Invoice No. 92, $3,250.
Rendered services on account to Martin Inc., Invoice No. 93, $4,500.
Received $5,000 in payment of monthly rent, which was due on March 1.
Received payment from Quinton Co. for invoice of March 5.
Received payment from Martin Inc. for balance due on invoice of March 10.
Received amount due from Thomas Co. on sale made in February, $5,200.
Recorded cash from services rendered for cash during the month, $15,750.
19
20
31
a. Record the transactions (including the invoice number), using the accompanying revenue journal and cash receipts journal.
b. Total and rule the revenue and cash receipts journals.
1. For individual items and totals to be posted to the subsidiary ledger or not to be posted, select "Yes" in the Post. Ref. column or below
the totals.
2. For individual items and totals to be posted to the general ledger, select the letter "G" (as a substitute for specific account numbers)
in the Post. Ref. column or below the totals.
If an amount box does not require an entry, leave it blank.
Page: 10
ACCTS. REC. DR.
EES EARNED CR.
POST
REF.
DATE
ACCOUNT DEBITED
INVOICE NO.

Answers

Answer:19

Explanation:

The common stock of High Energy is selling for $58 per share. Currently, the firm has a total market value of $1,314,900 and a book value of $647,600. How many shares of stock will be outstanding if the firm does a stock split of 5-for-2

Answers

The number of shares of stock that will be outstanding if the firm does a stock split of 5-for-2 is $56,677.

Using this formula

Outstanding shares=(Total market value/Common stock per share)×Stock split

Let plug in the formula

Outstanding shares=($1,314,900 /$58)×5/2

Outstanding shares=$56,676.72 shares

Outstanding shares=$56,677 shares (Approximately)

Inconclusion the number of shares of stock that will be outstanding if the firm does a stock split of 5-for-2 is $56,677.

Learn more about outstanding shares here:

https://brainly.com/question/13934363

Suppose you have $12,000 in your checking account. You withdraw $500 cash from your account and hide it under your pillow for future use. If the required reserve ratio is 10%, then what will be the maximum impact on money supply today as a result of your action

Answers

The maximum impact on money supply today as a result of your action is: Money supply will decrease by $4,500.

Required reserve= 10% × $12,000

Required reserve= $1,200

Loan= Total deposit - Required reserves

Loan= $12,000 - $1,200

Loan= $10,800

Money supply =1/.10×$10,800

Money supply=$108,000

Money supply before withdrawal is $108,000.

After withdrawal of $500:

Deposit= $12,000 - $500

Deposit= $11,500

Required reserve= 10% × $11,500

Required reserve=$1,150

Loan= Total deposit - Required reserves

Loan=$11,500 - $1,150

Loan= $10,350

Money supply=1/.10×$10,350

Money supply=$103,500

Decrease in money supply:

Decrease in money supply= $108,000 - $103,500

Decrease in money supply= $4,500

Inconclusion the maximum impact on money supply today as a result of your action is: Money supply will decrease by $4,500.

Learn more about money supply here:https://brainly.com/question/1099440

Which person would benefit most from taking advantage of a low variable
interest rate?
A. Emilio needs a loan to support his business and needs his
payments to be as predictable as possible.
B. Ellie has just found her dream home and wants to get a mortgage
that will allow her to live there forever.
C. Evan needs to borrow money to pay for car repairs, but he will be
able to pay off the loan within two to three months.
D. Erica needs to borrow money to attend college, but she doesn't
have a good credit history.

Answers

Based on the information, the individual that'll benefit from the interest rate will be C. Evan needs to borrow money to pay for car repairs, but he will be able to pay off the loan within two to three months.

A variable interest rate simply means an interest rate that fluctuates. It's different from a fixed interest rate. It should be noted that variable interest rates have low interest rates and are typically used for short-term financing.

Therefore, the person that would benefit most from taking advantage of a low variable interest rate will be Evan who needs to borrow money to pay for car repairs, but he will be able to pay off the loan within two to three months.

Read related link on:

https://brainly.com/question/25697560

Answer:

c

Explanation:

All of the following is true about CRM, or Customer Relationship Management except:______.
a. It is an enterprise software
b. Accounting department uses it to facilitate billing
c. It is replacing the human resource department
d. It is the processes a company uses to track and organize all aspects of customer encounters

Answers

Answer:

B

Explanation:

The purpose of CRM is not to replace the human resource department.

Considering the available options, the statement that is not true about CRM or Customer Relationship Management is "Accounting department uses it to facilitate billing."

CRM is an enterprise software with a rough global market value of over $40 billion.

Because it is an automated system, many firms are now using it to replace the human resource department.

Also, CRM is known for being a process that a company uses to monitor and oversee all aspects of customer relations.

Hence, in this case, it is concluded that the correct answer is option B. "Accounting department uses it to facilitate billing."

Learn more here: https://brainly.com/question/21299183

True or False: If the actual rate of inflation is 10%, the prices of goods and services increase relative to resource prices. In the short run, profit margins will increase and firms will cut back on output, which will cause layoffs, and increase unemployment.

Answers

Answer:

True

Explanation:

N/AN/AN/Av vvN/AN/AN/A N/AN/AN/Av N/AN/A

Answers

N/AN/AN/Av vvN/AN/AN/A N/AN/AN/Av N/AN/A

1. If the Economist offers print and web access separately in the market, what are the optimal prices for home

Answers

subscription and web access

Information accessibility focuses on ________.

a. defining what information a person or organization has the right to obtain about others.
b. information that has been encrypted by the owner to make it unaccessible to others
c. who owns information about individuals and how information can be sold and exchanged
d. what information an individual should have to reveal to others in the workplace
e. identifying who is responsible for informational errors that harm people

Answers

Answer:

A) Defining what information a person or organization has the right to obtain about others.

refer to the makeup of a firms capitalization

Answers

Finance. Another aspect of capitalization refers to the company's capital structure. Capitalization can refer to the book value cost of capital, which is the sum of a company's long-term debt, stock, and retained earnings. ... Companies with a high market capitalization are referred to as large caps.

savings account in which a person receives a computerized print out of transactions
savings bond
defined benefit plan
interest
defined contribution plan
passbook account
dividend
certificate of deposit (CD)
statement account

Answers

Answer:

statement account

Explanation:

None of the other options stated with the question make sense.

The closest answer would be a "passbook account" but this uses a physical book.

Ethan, a manager, says, “Email is a very efficient way of communicating, especially across time zones and to large numbers of people. Are there situations in which I shouldn’t use email?” You advise Ethan that he should not send an email in which of the following situations? Check all that apply.

✔ - To the coordinator of a conference when Ethan needs to cancel his appearance as the keynote speaker
- To all employees to announce upcoming development workshops
✔ - To another manager who has just commandeered the computer equipment Ethan needs to meet a critical deadline
- To suppliers in China to report weekly defects within acceptable limits

Answers

Answer:

Explanation:

To another manager who has just commandeered the computer equipment Ethan needs to meet a critical deadline

To the coordinator of a conference when Ethan needs to cancel his appearance as the keynote speaker

Answer:

✔ To the coordinator of a conference when Ethan needs to cancel his appearance as the keynote speaker

✘ To all employees to announce upcoming development workshops

✔ To another manager who has just commandeered the computer equipment Ethan needs to meet a critical deadline

✘ To suppliers in China to report weekly defects within acceptable limits

Explanation:

Ethan should not email people when he is angry, so he should not shoot off an email to the other manager who just took the computers Ethan needs. It is also better to use a richer, more personal channel of communication when cancelling a commitment or apologizing for something. Thus, Ethan should call the conference coordinator rather than sending an email. Other times email is not optimal are when the sender is criticizing the receiver or when the receiver is likely to interpret the message as criticism.

A weekly report of defects that are within acceptable limits can be sent by email, as can a routine announcement of development opportunities available to all employees.

12. What is the tendency of suppliers to offer more of a good at a higher price?

Answers

THE ANSWER TO THIS QUESTION IS JOE HAS A HIGHER ONE
Is this what you are looking for??

Use your knowledge of management communications to select the three missing labels from the following image.

WORD BANK
Strategic Conversations
Methods
Purpose-Directed

Answers

Answer:

A. Purpose-directed: The communication conducted by the manager must be aligned with the culture and value system of the organization

I'm sure about this one but others I have not idea so far If I get it I'll upload then.

The phrase “communication management” refers broadly to the exchange of information between different businesses or inside one business. It focuses on achieving a company's target audiences through the development and execution of various communication strategies.

What use of knowledge of management communications?

Communication is crucial for self-expression. Additionally, it meets one's necessities. Effective communication is necessary for career advancement. Effective communication skills can make your personal life easier and improve your interactions with others by facilitating mutual understanding.

We mostly communicate verbally, nonverbally, in writing, and visually on a daily basis. It's best to actively listen, observe, and empathize when using any of these communication techniques.

Therefore, A Purpose directed, B Strategic Conversations C Methods.

Learn more about  management communications here:

https://brainly.com/question/28058011

#SPJ2

Baker Corp. pays a constant $1.8 dividend on its stock. The company will maintain this dividend for the next 15 years and will then cease paying dividends forever. If the required return on this stock is 5 percent, what would the current share price be

Answers

Answer:

1.8 divided by 15 easy

Explanation:

0. somthing

Is L. Gore a mechanistic or an organic organization? Support your answer with examples from the case?

Answers

organic organization , uses an extremely organic organizational structure. ... In a simple, stable environment, therefore, companies benefit from the efficiencies created by a mechanistic organizational structure.

Both individual and organizational goals are in sync with an organic organizational structure. L. Gore is an organic organization.

What is the distinction between organic and mechanistic thinking?

Both individual and organizational goals are in sync with an organic organizational structure. Each employee in a mechanistic organizational system is assigned to only one task. Employees can be assigned to diverse tasks in an organic organizational structure.

W. L. Gore employs approximately 10,000 people and generates over $3 billion in yearly revenue, although the company has an unusually organic organizational structure, as previously mentioned.  Employees have no supervisors, work in teams, and frequently develop jobs for themselves to address functional roles in the organization.

Therefore, the above explanation aptly describes the statement.

Learn more about organic and mechanistic thinking here:

https://brainly.com/question/14364464

discuss in details what is the sources of finance in UAE?​

Answers

Answer:

loans, syndicated loans,the production of goods and provision of services related to petroleum, petrochemicals, aluminium and cement.

Explanation:

hope i t helped<3

mark me as brainliest plz

A transaction that takes place between two parties who hold
pre-existing connection prior to the transaction

Answers

A related party transaction
Give this a heart if that helps

Timothy invests $2400 at time 0. He receives $700 at the end of each year for the first 3 years. He also pays $1033 at time 4 and receives $860 at times 7 and 8. Compute the yield rate of his investment.

Answers

The yield rate of Timothy's investment as decribed is; 14.52% per annum

According to the question;

Timothy invests $2400 at time 0.

The return on the investment after the first 3 years provided he receives $700 at the end of each year for the first 3 years.

After first 3 years; Return = 3 × $700 = $2100.

At year 4: He pays $1033 = -$1033

At year 7 and 8; He receives $860 each = $860 × 2 = $1,720

Therefore; the net yield on the investment after 8 years is;

$2100 - $1033 + $1,720 = $2,787

The net yield per year can then be evaluated as follows;

$2,787/8 = $348.375.

The yield rate of his investment is therefore the percentage yield per annum which is evaluated as follows;

= ($348.375/$2,400) × 100%

= 14.52% per annum.

Read more;

https://brainly.com/question/16794961

Other Questions
6. How can we keep food and water germ-free? You are an IT administrator troubleshooting a Windows-based computer. After a while, you determine that you need to refresh the group policy on that computer. Rather than rebooting the computer, you open a command prompt from which the refresh can manually be completed. Which of the following is the BEST command line tool to run to accomplish this task?a. popdb. fsutilc. gpresultd. gpupdate -15/-18=10/xwhat is X? I need help with this so I can study for this quiz I have. Which option would Amanda Matthews MOST likely AGREE with? Which line from the article supports your answer? What are 4 ways you can determine if a website is reliable? The ballerina danced gracefully across the stage as fake snow floated slowly to the floor.Which of the following is a prepositional phrase from the sentence above? A. across the stage B. danced gracefully C. floated slowly D. the ballerinaPlease help! WILL GIVE 100PTSFind the slope of a line that passes through (-2, -3) and (1, 1). A. 1 /3 B. 1 C. 2 D. 4/3 how many states have legalized recreational marijuana? HELP PLEASE.... YUNG MAAYOS NAMAN I BRAINLIEST KONONCENCE=REPORT kokokokokkokokokokokookokokk. around the mid-1850s, mendel crossed true-breeding purple-flowered pea plants with true-breeding white-flowered pea plants. the results of his research provided us with the basic principles of heredity. how did the society change the harlem renaissance LEARNING TASK 2 INTERPRETATION: SOLVE THE TROLLEY PROBLEM. There is a runaway trolley barreling down the railway tracks. Ahead, on the tracks, there are five people tied up and unable to move. The trolley is headed straight for them. You are standing some distance off in the train yard, next to a lever. If you pull this lever the trolley will switch to a different set of tracks. However, you notice that there is one person on the sidetrack. You have two options. 1. Do nothing and allow the trolley to kill the five people on the main track 2.Pull the lever, diverting the trolley onto the sidetrack where it will kill one person. Which is the more ethical option? Or, more simply: What is the right thing to do? Justify your answer using the lesson above. explain each step please :) PLS HELP WILL MARK BRAINLIEST, PLS HURRY what does it mean legally??? (PICTURE PROVIDED)HELPPPPPPPPP PLS Magicwolf130 Answer this. 1. As the president, you want to have an urgent meeting to address the fore most issues in the school. What should you say?2. You believe that you are qualified to be the next SSG Secretary and you want to attend the screening and interview. What should you say? 3. As the group leader, you want your members to comply with their designated tasks. What should you say? 4.You are confident with your shooting skills and you want to attend a try-out for a basketball team. What should you say? 5.You wish to have the presentation on an earlier schedule. What should you say?