Which type of business ownership has limited liability?
A) Sole proprietors
B) General partners
C) Shareholders of a corporation
D) None of the above
C
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Voting members of the FOMC include
A. the seven Federal Reserve governors, the presidents of the Federal Reserve Banks of New York, San Francisco, and Chicago, and the presidents of four other Federal Reserve Banks, on a rotating basis. B. five of the seven Federal Reserve governors and the presidents of five Federal Reserve Banks on a rotating basis. C. all of the Federal Reserve governors and the presidents of all Federal Reserve Banks. D. the seven Federal Reserve governors, the president of the Federal Reserve Bank of New York, and the presidents of four other Federal Reserve Banks on a rotating basis.
In the five-component model of information systems, which of the following components is considered an actor?
A. software B. procedure C. hardware D. information E. data
Conrad contracts to sell his house and lot to Winifred for $100,000 . The terms of the purchase agreement require Winifred to pay 10 percent of the purchase price as a deposit toward the purchase price. The terms further stipulate that should the buyer breach the contract, the deposit will be retained by Conrad. Such a good faith deposit is called:
a. Liquidated damages b. A mortgage c. PMI d. Equity
The following balance sheet information was provided by Western Company: AssetsYear 2 Year 1Cash$4,000 $2,000 Accounts receivable 15,000 12,000 Inventory$35,000 $38,000 Assuming Year 2 net credit sales totaled $270,000, what was the company's average days to collect receivables? (Use 365 days in a year. Do not round your intermediate calculations.)
A. 47.31 days B. 20.28 days C. 16.22 days D. 18.25 days