A risk of using credit cards to finance business activities for a sole proprietor is that a
Question:
A risk of using credit cards to finance business activities for a sole proprietor is that a default could ruin the owner’s personal credit.
True or False
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 0% (2 reviews)
True Using personal credit cards to finance business activities for a sole proprietor ...View the full answer
Answered By
JAPHETH KOGEI
Hi there. I'm here to assist you to score the highest marks on your assignments and homework. My areas of specialisation are:
Auditing, Financial Accounting, Macroeconomics, Monetary-economics, Business-administration, Advanced-accounting, Corporate Finance, Professional-accounting-ethics, Corporate governance, Financial-risk-analysis, Financial-budgeting, Corporate-social-responsibility, Statistics, Business management, logic, Critical thinking,
So, I look forward to helping you solve your academic problem.
I enjoy teaching and tutoring university and high school students. During my free time, I also read books on motivation, leadership, comedy, emotional intelligence, critical thinking, nature, human nature, innovation, persuasion, performance, negotiations, goals, power, time management, wealth, debates, sales, and finance. Additionally, I am a panellist on an FM radio program on Sunday mornings where we discuss current affairs.
I travel three times a year either to the USA, Europe and around Africa.
As a university student in the USA, I enjoyed interacting with people from different cultures and ethnic groups. Together with friends, we travelled widely in the USA and in Europe (UK, France, Denmark, Germany, Turkey, etc).
So, I look forward to tutoring you. I believe that it will be exciting to meet them.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Better Business
ISBN: 9780134522746
5th Edition
Authors: Michael Solomon, Mary Poatsy, Kendall Martin
Question Posted:
Students also viewed these Business questions
-
Find the antiderivative. After a substitution u = cos x, the integral becomes cos (x) sin (x) dx =
-
Q2] A 26 ft ladder weighs 50lb and is placed against a smooth vertical wall with its lower end 10 ft from the wall. The coefficient of friction between the ladder and the floor is 0.3. Determine the...
-
Before introducing a bill in Committee, there is an analysis of existing laws about those matters, required laws, and some background information about the bill. True or False
-
Let be an arbitrary operation in Problems 5259. Describe the operation for each problem. 503 = 2; 702= 5; 901 = 8; 8 0 2 = 6;
-
Can a market be vertically differentiated and horizontally differentiated at the same time? If not, why not? If so, give some examples
-
Global Quality Ltd produces two types of embossing machines, a standard model and a deluxe model. The budgeted factory overhead costs for the production operation during 2025 are as follows....
-
The aluminum rod is fixed at its base and free at its top. If the length of the rod is \(L=2 \mathrm{~m}\), determine the greatest allowable load \(P\) that can be applied so that the rod does not...
-
Write a brief report to Sandy listing changes to the prototype prompted by Lathers reactions. In a paragraph, discuss ways that Sandy can calm Lathers fears about having the prototype taken away....
-
Diego Company paid $195,000 cash to acquire a group of items consisting of land appraised at $46,000 and a building appraised at $184,000. Allocate total cost to these two assets and prepare an entry...
-
A project budget includes all the costs necessary to operate an organization, including inventory, sales, manufacturing, marketing, and operating expenses. True or False
-
Factoring can be a good source of cash by selling accounts receivable. True or False
-
Table 2-10 gives data on the nominal interest rate (Y) and the inflation rate (X) for the year 1988 for nine industrial countries. NOMINAL INTEREST RATE (Y) AND INFLATION (X) IN NINE INDUSTRIAL...
-
In Carrington's article, he tells us that "the term Anthropocene was coined only in 2000, by the Nobel prize-winning scientist Paul Crutzen, who believes the name change is overdue... Crutzen also...
-
The cadet laundry service at USAFA is outsourced to a company based near Woodmen & Powers in Colorado Springs. The company makes three trips each week between the laundry facility and USAFA, but the...
-
The basis of the stock you receive when you contribute capital to a Corporation is generally the adjusted basis of the property you transfer. Therefore, if you transfer land with a $60,000 basis and...
-
A Surprising Case of Shrinkage by Keith K. Schillo Biology Department SUNY College at Oneonta history. In order the spring. Afer graduation, Frank attended State University to study American gym...
-
Company x wants to sell 1,000 ounces of copper next month. The current copper price is 100 per ounce. Copper price is forecasted for the next month as below: Scenarios Probability Copper price ( /...
-
What is the purpose of a credit memo?
-
The sales department of P. Gillen Manufacturing Company has forecast sales in March to be 20,000 units. Additional information follows: Finished goods inventory, March 1 . . . . . . . . . . . . . . ....
-
Interview a human resource manager at a local company. Select a position for which the firm is currently recruiting applicants and identify the steps in the selection process. Do the steps match...
-
Survey 10 of your acquaintances and determine (a) how important benefits are to them as opposed to salary, (b) the benefits they think are the least and most important in attracting and keeping...
-
Select a job currently held by you or a close friend. Draw up a job description and job specification for this position.
-
You own a comedy club and have a show planned for this coming Saturday night. The projected financial information is below: Ticket sales:300 tickets (capacity is 700) Ticket price: $34 per ticket...
-
Multiply. (-24)(-2)
-
Given the function 9x +9 x < 0 f(x) = 9x18 x 0 Calculate the following values: f(-1) = f(0) = f(2) =
Study smarter with the SolutionInn App