Sole proprietor Samenvattingen, Aantekeningen en Examens

ESB EXAM Study Guide Complete Questions (answered spring 2023) A beekeeper is analyzing the cash flow for his business for the prior year. What was the ending inventory value? A beekeeper wants to start a seasonal business renting hives to farmers to pollinate their orchards and crops. The beekeeper believes the business will cover its own costs after three months, and that start-up expenses for hives, trucking, and other costs through that same time will be $18,000. What is Total Financi...

Pennsylvania Property & CasualtyPolicy Conditions - correct answer How parties to the contract must act following a loss Discovery Form in Commercial Ins. - correct answer an occurrence taking place at any time & discovered during the policy period or extended reporting period (60 days) Vacant - correct answer Absence of people and property Filed form in Commercial - correct answer a form that may require an insurer to file for rate & form approval Unfiled form in Commercial - correc...

Definition of Self-employed Answer You are self-employed if you carry on a trade or business as a sole proprietor or an independent contractor. Statutory employees Answer 1. Pay FICA tax through their employer, and so do not pay self-employment tax (Employer pays Social Security and Medicare taxes in the form of FICA). 2. Less expensive to hire than regular employees because the employer does not have to pay unemployment taxes. 3. Use Schedule C or C-EZ to report their wages and expenses. ...

BLAW211 Final Test with Complete Solutions 100% Pass What is a sole trader? - Answer-1 person operating on their own Can they have a trading name? - Answer-Yes What type of liability do they have? - Answer-Unlimited. Meaning that their personal assets are at risk if the business fails What is the applicable law? - Answer-The consumer guarantees act What is the definition of a partnership? - Answer-"The relationship which subsists between persons carrying on a business in common w...

NASCLA Contractor's Guide To Business, Law, And Project Management, Florida 1st Edition Test Questions And Answers, Latest Update 2024/2025 (GRADED) Which of the following bonds guarantees that the contractor has paid the subcontractor? A. Bid bond B. Performance bond C. Payment bond D. James bond - Correct Answer-Payment Bond 2. The _____________ method recognizes income when the employer has done the work, yet has not received the income. NASCLA Contractor's Guide To Business, Law, ...

The home inspector's job does not include: - ANSWER providing an opinion on value A typical home inspection: - ANSWER takes two to three hours A home inspection usually includes: - ANSWER electrical, plumbing and insulation Which of these is not a real inspection association? - ANSWER Professional Association of Degreed Home Inspectors Which statement is false? - ANSWER home inspectors are building code inspectors Which of these is included in a typical home inspection? - ANSWER ...

NASCLA Test 1 Questions and Answers Already Passed ____ and _____ are two essential parts to a business plan 1. Planning Tool 2. Loan Document 3. Investor Document 4. Benchmarking Tool Select two standard components of a business plan 1. Marking Strategy 2. Executive Strategy _____ is the biggest drawback of a sole proprietorship. Unlimited Personal Liability If you are a sole proprietor and complete work under a name that is not your own, you would be required to fil...

sole proprietor CORRECT ANSWER A form of business ownership is least regulated partnership CORRECT ANSWER Under which form of business organization are all investors fully liable for all debts of the business. S corporation CORRECT ANSWER owner who is looking for maximum protection from personal liability leaving something out CORRECT ANSWER worst possible error in estimating source documents CORRECT ANSWER the paperwork related to purchase order, credit card receipts and so on... ...

Which practice association is the easiest and least expensive to form and why? - *The Sole Proprietorship* is the simplest form of business organization and, therefore, the least expensive to maintain. There are normally no formalities required to begin What is a Certificate of Assumed Business Name and how does it pertain to a dental practice? - A *Certificate of assumed business Name* is a state form used to identify your business. Does a sole proprietorship limit the owner's personal li...

If there is in effect at the date of the foreclosure sale a real estate purchase contract to buy the property foreclosed upon and the real estate purchase contract provides that the earnest money deposit held in escrow by a firm or sole proprietorship shall be paid to a principal to the contract in the event of a termination of the real 25 estate purchase contract, what shall happen> correct answersIf there is in effect at the date of the foreclosure sale a real estate purchase contract to bu...