Any lawsuit against the business or its employees does not lead to unlimited personal liability for the owner of a sole proprietorship.

LO. 8, 9 The gross estate of Raul, decedent, includes stock in Iris Corporation (E & P of $8,000,000) valued at $6,000,000. At the time of his death, Raul owned 60% of the Iris stock outstanding and he had a basis of $840,000 in the stock.

Jameson broke into a large home last night knowing that he would find very valuable items that mobile and easy to steal. He believes he was able to take roughly $50,000 worth of merchandise.

27. Average cost curves (except for average fixed cost) tend to be U-shaped, decreasing and then increasing. Marginal cost curves have the same shape, though this may be harder to see since most of the marginal cost curve is increasing.

A company's income statement showed the following: net income, $148,000 and depreciation expense, $37,200.

If the federal reserve lowers the federal funds rate, what will happen to bank savings account?

Jane smith currently holds tax-exempt bonds of good samaritan health care that 7% interest. she is in the 35% tax bracket. her broker wants her to buy some beverly enterprises taxable bonds that will be issued next week.

Julio decides his business will begin staying open until 7 p. m. instead of 6 p. m. The next day, the shop stays open until 7 p. m. This environment of flexibility to quickly change is characteristic of what form of business organization?

Which of the following factors does not cause a shift in the labor demand curve? A. Changing technology. B. Changes in output prices. C. Changes in the wage rate. D. Changing input prices.

What is the name given to the operations used by most organizations to reach their customer goals? O A. Research and development O B. Universal marketing functions O C. Customer support O D. Market planning

What term is used to describe spread-out or low-density development beyond the edge of services and employment? edge cities sprawl common-interest developments gated communities?