Which of the following is true of a sole proprietorship?
A) A business operated under sole proprietorship cannot be transferred.
B) Large businesses cannot be operated under sole proprietorship.
C) A business operated under sole proprietorship should be owned by one or more people of the same family.
D) Creditors can recover claims against the business from the sole proprietor's personal assets.
D
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Which of the following can be used to measure ROI of training?
a. Succession planning use. b. Replacement charts. c. Job rotations. d. Savings to the company from reduction in waste.
Corner Grocery Corporation sells its product at $65 per unit. In the previous period, it sold 850 units on credit and another 50 units for cash. It estimated that 10% of its accounts receivable would prove uncollectable. What is the net realizable value of accounts receivable?
a. $52,975 b. $49,725 c. $52,000 d. $52,650 e. $49,400