(there are 5 questions)

question 1: when determining your business’s initial cash needs, you should determine how much money you’ll need to live on for the first your business’s operations?

a): 1 to 3 months

b): 1 to 6 months

c): 6 to 12 months

question 2: one of the biggest dangers of borrowing from people you know is their potential

a): flexibility

b): reneging on the money

c): ulterior motives

question 3: what type of loan uses real estate for security?

a): a point sale

b): a line of credit

c): a second mortgage

question 4: which of the following documents will a bank issue in order to secure a loan with your personal assets?

a): guarantee and safety agreement

b): promissory note

c): 1099 form

question 5: adriana has borrowed $30,000 from her ira in order to fund her startup cost. how long does she have to replace the money without incurring a 10% premature withdrawal fee?

a): 60 days

b): 90 days

c): 120 days

Which of the following statements is correct? large corporations are taxed more favorably than sole proprietorships. corporate stockholders are exposed to unlimited liability. due to limited liability, unlimited lives, and ease of ownership transfer, the vast majority of u. s. businesses (in terms of number of businesses) are organized as corporations. most businesses (by number and total dollar sales) are organized as partnerships or proprietorships because it is easier to set up and operate in one of these forms rather than as a corporation. however, if the business gets very large, it becomes advantageous to convert to a corporation, mainly because corporations have important tax advantages over proprietorships and partnerships. most business (measured by dollar sales) is conducted by corporations in spite of large corporations’ often less favorable tax treatment, due to legal considerations related to ownership transfers and limited liability.

An employer who is considering hiring eva has asked donna, eva’s former supervisor, for a report on eva. in truth, eva’s work for donna has been only average. however, eva is donna’s friend, and donna knows that eva probably will not get the job if she says anything negative about eva, and donna knows that eva desperately needs the job. further, donna knows that if the situation were reversed, she would not want eva to mention her deficiencies. nevertheless, it has been donna’s policy to reveal the deficiencies of employees when she has been asked for references by employers, and she knows that some of eva’s faults may be bothersome to this particular employer. finally, this employer has leveled with donna in the past when donna has asked for a report on people who have worked for him. should donna reveal deficiencies in eva’s past performance? (remember to use one of the three moral theories acceptable for this test to solve this dilemma. any discussion of any personal opinion, religious perspective, or theory other than the moral theories acceptable for this test will result in a score of "0" for this question.)

Lin corporation has a single product whose selling price is $136 per unit and whose variable expense is $68 per unit. the company’s monthly fixed expense is $32,400. required: 1. calculate the unit sales needed to attain a target profit of $5,000. (do not round intermediate calculations.) 2. calculate the dollar sales needed to attain a target profit of $8,400.