100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
Previously searched by you
Florida State Business & Finance Exam Study Guide - Volume 1 - Section 1 (Business MGMT.) - Practice Test 3 Questions and Answers 2024$12.99
Add to cart
Florida State Business & Finance Exam
Study Guide - Volume 1 - Section 1
(Business MGMT.) - Practice Test 3
With the following projected start up cost or expense for a three month period, how
much should be placed in the budget for this period.
1. Rent $400 per month
2. Organizational expense $2,000
3. Inventory for three months $3,000
4. Sub-contractors labor for first project $8,000
6. Rent deposit $800
7. Lease equipment $500 per month - answer$4,000
What is not an item contained in a model business plan? - answerA cash flow statement
of each major owner from the previous year.
What is not true regarding a corporation? - answerFringe benefits are not tax
deductible.
Fictitious names remain valid for _____ years. - answerFive.
A limited partner contributed $200,000 in cash to a business, an existing partnership
consisting of two partners. After the investment, the business failed within eight months.
The following financial information was given to the limited partner by the two general
partners: Assets (all are or can be converted to cash) - $250,000; Liabilities (all are due
and correct) - $450,000. The limited partner can be made to pay _________ of the
outstanding debts. - answerZero.
What is not a true statement concerning starting capital for a new business? -
answerThe expense of garbage and trash removal need not be considered when
determining how much starting capital will be required.
Joan and Al are general partners. They invite Bill to join them as a limited partner. Bill
contributes $50,000 to the partnership. Joan and Al each contributed $100,000. Joan
soon discovers that bill is very smart and encourages him to make decisions concerning
the partnership. A year later, the partnership goes out of business. What statement is
true regarding the partners' creditors? - answerJoan, Al, and probably Bill are liable for
the total amount of debts.
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller julianah420. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $12.99. You're not tied to anything after your purchase.
