Which of the following will force a sole proprietorship to be legally dissolved? * A) Sales exceed $1 million. B) The partners reorganize the firm's structure. C) Earnings are less than $500,000. D) The owner donates profits. E) The owner dies.

Which of the following will force a sole proprietorship to be legally dissolved? * A) Sales exceed $1 million. B) The partners reorganize the firm's structure. C) Earnings are less than $500,000. D) The owner donates profits. E) The owner dies.

Business/Professional Ethics Directors/Executives/Acct

8th Edition

ISBN:9781337485913

Author:BROOKS

Publisher:BROOKS

Chapter8: Subprime Lending Fiasco-ethics Issues

Section: Chapter Questions

Problem 8.1EC

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Concept explainers

Present Value

Present value (PV) is defined as the current or present value of all future sums of cash flow or money at a specified rate of return. This rate of return is known as the discounted rate, which is essentially the interest rate, discounted over some time. The expected cash flows are discounted at a discount rate to compute the present value. The higher the discount rate, the higher the future value (FV), but the lower the present value.

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Which of the following will force a sole
proprietorship to be legally dissolved? *
A) Sales exceed $1 million.
B) The partners reorganize the firm's structure.
C) Earnings are less than $500,000.
D) The owner donates profits.
E) The owner dies.
Generally, an industry is more attractive when
companies in the industry have
switching costs to go from one supplier to another.
A) high
B) moderate
C) significant
D) low

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