The risk of loss of assets beyond the assets of the business is referred to as unlimited liability. It is one of the characteristics of a sole proprietorship.
A sole proprietorship is a form of business organisation is which only person owns the business.
Characteristics of a sole proprietorship
it is owned by one personthe business has unlimited liability. It means that the owner of the business is liable to the liabilities her business. the business usually lacks continuity. this type of business usually ceases to exist when the owner dies.Advantages of sole proprietorship
It is easy to establish. The business owner has complete control over the business.Disadvantages of sole proprietorship
The lifespan of the business is often limited to the lifespan of its owner. The owner has an unlimited liability.A similar question was answered here: https://brainly.com/question/21297889
You work at the Barnacle Boutique, and you are preparing to offer a class in which customers will hand-dye silk scarves using modern ebru techniques. According to the document, you will need: acid dyes and food coloring. vinegar and powder dye. acrylic paints and water. tissue paper and heat. natural earth pigments and pinewood.
a company has a $10,000 cash balance per its books. the bank statement has a balance of $9,580. the bank reconciliation included $800 of deposits-in transits, $500 of checks outstanding, a $100 nsf check from a customer, and a $20 bank service charge. given the above reconciling items, the up-to-date cash balance equals:
The company's updated cash book balance should equal $9,880.
Data and Calculations:
Balance as per cash book = $10,000
Bank Statement balance = $9,580
Deposits not yet credited by the bank = $800
Checks outstanding = $500
NSF check = $100
Bank service charge = $20
Updated Cash Book
Balance as per cash book $10,000
NSF check (100)
Bank service charge (20)
Updated cash book balance $9,880
Thus, the company's updated cash book balance is $9,880 after taking into account, the NSF check and the bank service charge.
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liabilities are generally classified on a balance sheet as
Liabilities are classified as Current Liability and Non-Current Liability on the Balance sheet.
Liability is an accounting term used to represent debts and obligations which the business owes to others.
Examples of Liability includes Wages payable, Supplies payable, Owed Loans, Notes payable, Income taxes payable, Mortgages payable etcHowever, under the balance sheet, Liability are classified into two sections and includes the Current Liability and Non-Current Liability.The Current liabilities are known as Short term liabilities because they are liabilities that are due and payable within one year. The Non-current liabilities are known as Long-term liabilities because they are liabilities that are due after a year or more.Read more on this here
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the british economicst ______________ demonstrated in 1817 that even though one nation held an absolute advantage over another in the production of each of two different goods, international trade could still be a positive-sum game in which both countries benefit.
Answer:
David Ricardo
Explanation:
According to the GLOBE (Global Leadership and Organizational Behavior Effectiveness) project, it has been found that: Multiple Choice Chinese managers prefer structures with more hierarchy and less equality. Chinese managers typically score lower than their Argentine and U.S. counterparts in the area of uncertainty avoidance. Chinese managers tend to value assertiveness significantly more than managers from Argentina. Chinese managers are open to loose restrictions.
Judging based on the information from the GLOBE (Global Leadership and Organizational Behavior Effectiveness) project, it has been found that: "Chinese managers prefer structures with more hierarchy and less equality."
This is evident in the research made by GLOBE showed that the Chinese generally have a high Power Distance Index (PDI).
Power Distance Index is one of the five major qualities of cultural dimensions.
A country with a high power distance index like China means they are a society that adopts an unequal, level distribution of power.
They also believe that people need to know their role or position in the system.
Hence, in this case, it is concluded that the correct answer is option A. "Chinese managers prefer structures with more hierarchy and less equality."
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A student loan is money a person borrows in order to:A: purchase a new house.B: buy luxury goods.c. pay for college tuition.D. pay off existing debt.
A student loan is money a person borrows in order to pay for college tuition. Hence, option C is correct.
What is student loan?A student loan is a loan that is given to students expressly to assist them in paying for higher education, like university. Typically, the loan is divided into two portions: one for maintenance fees and the other for tuition.
Yes, there is normal debt, albeit some lenders impose penalties for early repayment. Yes, there is student debt, and fortunately there are no early repayment fees. You should, however, consider whether it is worthwhile to pay off your debt early.
From the day the Student Loans Company sends your first payment to you, your university, or your college, interest is charged every day until your loan is fully repaid or cancelled.
Thus, option C is correct.
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❗WILL GIVE BRAINLYLEST❗Susan Works for a company that values their employees meetings deadlines and finding ways to keep the cost of doing business low. What quality standard does Susan's company value?
.
A. Efficiency
B. Diversity
C. Accountability
D. Workplace Safety
Answer: A: efficiency
Explanation:
your welcome
Susan works for a company that places a high importance on meeting deadlines and finding ways to keep operating expenses to a minimum. Therefore, option (A) is accurate.
What do you know about Diversity factor?Due to this dependency or "diversity" in time, the diversity factor acknowledges that the whole load is not equal to the sum of its parts. In a facility with 10 20-ton air conditioners, for instance, the average full load equivalent running hours per year would be 2000.
It is unknown exactly when each unit goes on because they are all thermostatically controlled. The likelihood of fewer than all ten units turning on simultaneously increases if the ten units are significantly more than the facility's actual peak AC demand.
Thus, despite the fact that each unit works for a total of 2,000 hours each year, they do not all turn on at once to operate.
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what are the four invoices used in foreign trade?
Explanation:
airway bill.
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the primary concerns when first starting your business are:
which country parades first during the olympics opening ceremony
Answer:
Greece always enters first.
The modern Olympic Games began in Athens in 1896. So Greece gets the honor of starting in the Parade of Nations.
The legal form of business ownership in which owners have limited personal accountability for the debts and dealings is a
Limited Liability Company
sole proprietorship
Partnership
Corporation
Answer:
Limited Liability Company
Explanation:
future value computations are often referred to as
Answer:
Discounting
Explanation:
Future value computations are often referred to as. - Discounting.
how do you find your claimant id number for unemployment
Answer:
The Claimant ID can be found in the upper-right of the UI Finding letter, as well as other letters received from IDES. Fraud victims can use the information from a fraudulent UI Finding letter to report the case to IDES.
Explanation:
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what level of market coverage is typically used for products like honest tea beverages?
The level of market coverage that is been utilized in marketing some products such as honest tea beverages is Intensive distribution
Intensive distribution can be regarded as form of marketing strategy whereby a company tries to sell its product using small vendor and at times big store. It helps in the creation of brand awareness of the product which later result to higher sales. This method is been used fir products such as soft drinks, cigarettes.Therefore, Intensive distribution utilize retailers in distribution of goods
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anderson oil often assigns employees to travel and work abroad on international projects. however, anderson oil leaders understand that travel is more difficult for employees with disabilities, so employees who require special accommodations for their jobs do not receive international travel assignments. is anderson oil engaging in workplace discrimination?
Considering the situation described above in the question, Anderson oil is engaging in workplace discrimination.
This is because this situation is often described as an example of disparate treatment, and it is considered intentional or unlawful discrimination.
Given that Anderson Oil deliberately treats employees with disabilities differently, it is considered disparate treatment, a form of discrimination.
Hence, in this case, it is concluded that the correct answer is Yes; Anderson Oil is engaging in work placement discrimination using a disparate treatment strategy.
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Fong, a member of Toronto's Amazon Employees for Climate Justice explains "as employees we are supposed to challenge leadership on what we think is morally right…I don't strike out of of sense of guilt or obligation to anyone else. I strike because I care about this cause and I want to continue to be proud of the organization to which I dedicate my time." Fong likely scores high on which commitment(s) towards his job?
Answer:
ask a teacher
Explanation:
accumulated depreciation and depreciation expense are classified, respectively, as
Answer:
Expensive, contra asset
Explanation:
what is one primary difference between determining cost of goods sold with a periodic system rather than a perpetual system?
Answer: With a periodic system, cost of goods sold is calculated only once at the end of the period. In contrast, with a perpetual system, cost of goods sold is recorded each time a sale is made.
Explanation:
What is one request a borrower can make of a lender if they know they will never be able to pay their full debt?
A. The borrower can ask for fees and penalties to be eliminated.
B. The borrower can ask for a reduction of the interest rate.
C. The borrower can ask to be absolved of some of the debt.
D. The borrower can ask for the monthly payment to be reduced.
The one request a borrower can make of a lender if they know they will never be able to pay their full debt is the borrower can ask for fees and penalties to be eliminated.
What happens if the borrower fails to repay the loan?A loan is known to be a kind of money that is borrowed for a length of time and it is known to be a non-performing asset (NPA).
When the repayment is overdue, the lender can seize the asset of the borrower and when a borrower can make of a lender if they know they will never be able to pay their full debt is the borrower can ask for fees and penalties to be eliminated.
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Answer:
C. The borrower can ask to be absolved of some of the debt
Explanation:
