100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
Florida State Business & Finance Exam Study Guide - Volume 1- Section 1 (Business MGMT.) - Practice Test 2 Questions and Answers Graded A+ $16.99
Add to cart
Quickly navigate to
Preview
  2.  
  3. Florida Business And Finance
  4.  
  5. Florida Business and Finance

Exam (elaborations)

Florida State Business & Finance Exam Study Guide - Volume 1- Section 1 (Business MGMT.) - Practice Test 2 Questions and Answers Graded A+
 0 purchase
  • Course
  • Florida Business and Finance
  • Institution
  • Florida Business And Finance

Florida State Business & Finance Exam Study Guide - Volume 1- Section 1 (Business MGMT.) - Practice Test 2

Preview 1 out of 2  pages

Document information

  • September 23, 2024
  • 2
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • florida state business finance exam study guide

Written for

  • Florida Business and Finance
  • Florida Business and Finance

Seller

avatar-seller
julianah420

Reviews received

Content preview

Florida State Business & Finance Exam
Study Guide - Volume 1- Section 1
(Business MGMT.) - Practice Test 2

The difference between a Partnership and a Joint Venture is ________. - answerThe
joint venture is usually limited to a single activity.

Ray Romano has to decide to activate his plumbing license and open a business. Ray
will be the sole proprietor. He filed his business name under the fictitious names act, as
the Flush-em Out Company. He has to file for his SS-4 number within _______ days
after his business has opened. - answerRay does not need a Federal ID number.

Which of the following areas would address "corporation filing requirements", when
planning a contracting business? - answerStandardizing.

Unless you are a sole proprietor, federal form of SS-4 must be filed on or before the
_____________. - answerSeventh day after the date on which business begins.

When a partnership comes to an end, there are basically 3 steps which it goes through.
These three steps are ______, _______, and _________. - answerDissolution, winding
up, and termination.

A person may engage in a contracting business under a fictitious name by registering
the name with ________. - answerThe division of corporations.

If a business qualifies to be a corporation, yet decides it wants to be taxed as a
partnership, it must be a/an _________. - answerS corporation.

Smith and Jones form a partnership for one project. Each partner invests $50,000 in
capital. Smith and Jones take on a limited partner (Scrooge) to raise capital for the one
project. Scrooge invests $100,000. The project continued 8 months and Scrooge
discovered that the business was losing money. To protect his investment, he became
involved in the day-to-day operations. The limited partner's involvement came too late
and at the end of 12 months the business was closed. The cash value of all assets at
closing was $170,000and the Total liabilities (all payable to creditors) was $200,000.
Considering these facts only the maximum amount that the creditors could collect from
the limited partner is ________? - answer$30,000, joint and several liability applies.

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

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

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

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 $16.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

69252 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 15 years now

Start selling

Recently viewed by you

Exam (elaborations) ·

(0)

ANCC PMHNP BOARD EXAM (2023/2024) RATED A
$16.99
  • (0)
Add to cart
Added