To critically think about: The three main questions that has to be addressed, if Person X wishes to start his own business. Introduction: A type of business or enterprise that is owned and run by a single person is known as a sole proprietorship . In a sole proprietorship, there are no legal variation between the legal entity and the owner.

Question

Want to see more full solutions like this?

Answer 1

Question

Chapter 1, Problem 1.2C

Summary Introduction

To critically think about: The three main questions that has to be addressed, if Person X wishes to start his own business.

Introduction:

A type of business or enterprise that is owned and run by a single person is known as a sole proprietorship. In a sole proprietorship, there are no legal variation between the legal entity and the owner.

Expert Solution & Answer

Explanation of Solution

The three main questions that have to be addressed by Person X, if he wishes to start his own business:

Are the long-term investment of the business like the land, building, equipment, and machinery essential for a business?
From where can Person X get his long-term financing as it is helpful in making payments for the investments?
How can Person X manage his day to day financial activities like collecting the money from the customers and making payments to the suppliers?

Conclusion

The above are not the only questions but they are more significant. Business finance is a major study of the ways to answer the above three question.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Students have asked these similar questions

TIME TO REACH A FINANCIAL GOAL You have $42,180.53 in a brokerage account, and you plan to deposit an additional $5,000 at the end of every future year until your account totals $250,000. You expect to earn 12% annually on the account. How many years will it take to reach your goal? Round UP to the nearest year. (Example 5.01 years = 6 years) Your answer should include numerical value only.

You plan to retire in 30 years. • In 50 years, you want to give your daughter a $500,000 gift. • You will receive an inheritance of $200,000 in 25 years. • You think you will want $50,000 per year when you retire for 30 years (the first withdrawal will come one year after retirement). • You will begin saving an amount to meet your retirement goals one year from today. Required: • If you think you can make 9% on your investments, how much will you need to save each year for the next 30 years to meet your retirement goals?

An initial $3300 investment was worth $3820 after two years and six months. What quarterly compounded nominal rate of return did the investment earn? (Do not round intermediate calculations and round your final answer to 2 decimal places.) Nominal rate of return % compounded quarterly.

Answer 2

Question

Chapter 1, Problem 1.2C

Summary Introduction

To critically think about: The three main questions that has to be addressed, if Person X wishes to start his own business.

Introduction:

A type of business or enterprise that is owned and run by a single person is known as a sole proprietorship. In a sole proprietorship, there are no legal variation between the legal entity and the owner.

Expert Solution & Answer

Explanation of Solution

The three main questions that have to be addressed by Person X, if he wishes to start his own business:

Are the long-term investment of the business like the land, building, equipment, and machinery essential for a business?
From where can Person X get his long-term financing as it is helpful in making payments for the investments?
How can Person X manage his day to day financial activities like collecting the money from the customers and making payments to the suppliers?

Conclusion

The above are not the only questions but they are more significant. Business finance is a major study of the ways to answer the above three question.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 3

Question

Chapter 1, Problem 1.2C

Summary Introduction

To critically think about: The three main questions that has to be addressed, if Person X wishes to start his own business.

Introduction:

A type of business or enterprise that is owned and run by a single person is known as a sole proprietorship. In a sole proprietorship, there are no legal variation between the legal entity and the owner.

Expert Solution & Answer

Explanation of Solution

The three main questions that have to be addressed by Person X, if he wishes to start his own business:

Are the long-term investment of the business like the land, building, equipment, and machinery essential for a business?
From where can Person X get his long-term financing as it is helpful in making payments for the investments?
How can Person X manage his day to day financial activities like collecting the money from the customers and making payments to the suppliers?

Conclusion

The above are not the only questions but they are more significant. Business finance is a major study of the ways to answer the above three question.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 4

Question

Chapter 1, Problem 1.2C

Summary Introduction

To critically think about: The three main questions that has to be addressed, if Person X wishes to start his own business.

Introduction:

A type of business or enterprise that is owned and run by a single person is known as a sole proprietorship. In a sole proprietorship, there are no legal variation between the legal entity and the owner.

Expert Solution & Answer

Explanation of Solution

The three main questions that have to be addressed by Person X, if he wishes to start his own business:

Are the long-term investment of the business like the land, building, equipment, and machinery essential for a business?
From where can Person X get his long-term financing as it is helpful in making payments for the investments?
How can Person X manage his day to day financial activities like collecting the money from the customers and making payments to the suppliers?

Conclusion

The above are not the only questions but they are more significant. Business finance is a major study of the ways to answer the above three question.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 5

Chapter 1, Problem 1.2C

Summary Introduction

To critically think about: The three main questions that has to be addressed, if Person X wishes to start his own business.

Introduction:

A type of business or enterprise that is owned and run by a single person is known as a sole proprietorship. In a sole proprietorship, there are no legal variation between the legal entity and the owner.

Expert Solution & Answer

Explanation of Solution

The three main questions that have to be addressed by Person X, if he wishes to start his own business:

Are the long-term investment of the business like the land, building, equipment, and machinery essential for a business?
From where can Person X get his long-term financing as it is helpful in making payments for the investments?
How can Person X manage his day to day financial activities like collecting the money from the customers and making payments to the suppliers?

Conclusion

The above are not the only questions but they are more significant. Business finance is a major study of the ways to answer the above three question.

Answer 6

Chapter 1, Problem 1.2C

Summary Introduction

To critically think about: The three main questions that has to be addressed, if Person X wishes to start his own business.

Introduction:

A type of business or enterprise that is owned and run by a single person is known as a sole proprietorship. In a sole proprietorship, there are no legal variation between the legal entity and the owner.

Expert Solution & Answer

Explanation of Solution

The three main questions that have to be addressed by Person X, if he wishes to start his own business:

Are the long-term investment of the business like the land, building, equipment, and machinery essential for a business?
From where can Person X get his long-term financing as it is helpful in making payments for the investments?
How can Person X manage his day to day financial activities like collecting the money from the customers and making payments to the suppliers?

Conclusion

The above are not the only questions but they are more significant. Business finance is a major study of the ways to answer the above three question.

Answer 7

Chapter 1, Problem 1.2C

Summary Introduction

To critically think about: The three main questions that has to be addressed, if Person X wishes to start his own business.

Introduction:

A type of business or enterprise that is owned and run by a single person is known as a sole proprietorship. In a sole proprietorship, there are no legal variation between the legal entity and the owner.

Answer 8

Expert Solution & Answer

Explanation of Solution

The three main questions that have to be addressed by Person X, if he wishes to start his own business:

Are the long-term investment of the business like the land, building, equipment, and machinery essential for a business?
From where can Person X get his long-term financing as it is helpful in making payments for the investments?
How can Person X manage his day to day financial activities like collecting the money from the customers and making payments to the suppliers?

Answer 9

Expert Solution & Answer

Answer 10

Expert Solution & Answer

Answer 11

Conclusion

The above are not the only questions but they are more significant. Business finance is a major study of the ways to answer the above three question.

Answer 12

Ch. 1.1 - What are the major areas in finance?Ch. 1.1 - Prob. 1.1BCQ Ch. 1.2 - What is the capital budgeting decision?Ch. 1.2 - What do you call the specific mixture of long-term...Ch. 1.2 - Prob. 1.2CCQ Ch. 1.3 - Prob. 1.3ACQ Ch. 1.3 - Prob. 1.3BCQ Ch. 1.3 - Prob. 1.3CCQ Ch. 1.3 - Prob. 1.3DCQ Ch. 1.4 - Prob. 1.4ACQ

Explanation of Solution

Want to see more full solutions like this?

Chapter 1 Solutions