Question
which of the following individual have unlimited liability based on their ownership interest? I.General partner ii. Sole proprietor iii. stockholder iv. Limited Partner a. II
which of the following individual have unlimited liability based on their ownership interest?
I.General partner
ii. Sole proprietor
iii. stockholder
iv. Limited Partner
a. II only
b. I and II ONLY
C. II and Iv only
d. I,II, and III only
e. I,ii and Iv only
2.Which one of the fellowing statements concerning an sole proprietor ship is correct.
a. A sole proprietorship is designed to protect the personal assets of the owner
b. The profits of a sole propreitorship are subject to double taxation .
c. The owner of a sole properitorship is a personally responsible for all of the company debts.
d. There are very few sole propereitorship remaining in the US today
e. A sole properitorship is structured the same a limited liabilty company.
- (.lBD )HAS SALE OF $ 875,000, DEPRECIATED expense of 55,000, interest expense of $ 40,000,, and pay taxes at 32% rate . Retained earnings are $200,000 and devidendss paid out are 92,000. What is the COGS for LBD
- (lBD ) has current assets of $60,000,net fix assets of 85,000, current liability of 53,0000 and longterm debt of $ 57,000 . What is shareholder equity for LBD?
- USING THE NUMBER FROM 6 AND ABOVE WHAT IS THE WORKING CAPITAL?
- TEN YEARS AGO YOU BROUGHT A jOE mAUER BASE BALL FOR $2.00.Today the same base ball card is worth $1.75 as what annual inerest rate did it appreciate over the year ?
- Aliison wants to retire at the age of 70 with $1,750,00 in the banmk at the time . She expert s to 25 years in retirement and leave no money to her rotten kids . During retirement ,she believe she will be able to earn 5.5% on the money in her account. What amount can Allison withdraw from her account on the first of each month to accoplish these goals.
- Yopur car dailer is willing to lease you a new car for $300 per month for 48 months. Payment are due on the first day of each months, which is the beginning of each period . If your cost of money is 6.75%,what is the current value of the lease ?Notice that I asked for the current value. ?
- For your education , you barrow money from your auntie peggie . Auntie peggie quote yopu an App of 13.25% compunding quaterly . What is the effective annual rate?
- unfortunately for you , you caved and brought an annuity from that high school fried . The anuity will pay $45,000 a year for 25 years .It is annuity due . What is the value of anuity today ,if the dicountr rate is 6.75%
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