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Compare and contrast the potential liability of owners of proprietorships, partnerships (general partners), and corporations.
The sole proprietor has limitless liability for matters relating to the business. The meaning of this is that the sole proprietor is accountable for all the obligations of the business, although if those obligations exceed the amount the proprietor has invested in the business.
Every partner in a partnership is generally liable for the activities of the partnership as a whole. Even if there are a hundred partners, everyone is technically accountable for all the debts of the partnership. If 99 partners declare personal bankruptcy, the hundredth partner still is accountable for all the partnership's debts.
A corporation is a legal entity which is liable for its own activities.Stockholders, the corporation's owners, comprise limited liability for the corporation's activities. They cannot lose much more than the amount they paid to buy the corporation's stock.
What are the objectives of the Insurance Companies? Insurance companies: The main objective of insurance companies is to prevent individuals and firms (termed as policy-h
Size of the business / scale of the operation : the working capital requirement of the concern are directly influence the by the size of the business which may be measured in the
The credit term from the supplier is 2/30, net 60. Question: Calculate the effective annual rate if the firm does not take the discount.
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I should write assignment on financial management ,but have no idea how to start and how to develop. Please help me
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Illustration An investor with a 1-year investment horizon purchases a 20-year 5% corporate bond. The prevailing price of the bond is Rs.82.3488 for a yield of 6.2%
PEST analysis and its derivatives Such a process is required for an organisation to be continually aware of external factors within its general or industry en
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