Can a farm business be solvent but not liquid? Liquid but not solvent? Explain your answers.
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- Discuss why it is important for a farming business to keep financial records and determine the value of their assets.The value of a business is determined by a. what a buyer with the cash is prepared to pay. b. what a valuation formula determines its worth is to the buyer. c. what a valuation formula determines its worth is to the owner. d. what the owner believes the business is worth.When is revenue recognized by service provider? By a merchandiser? By a manufacturer? Differentiate return on investment from return of investment. What is profit, how is it earned and what is its effect on business? Explain unlimited liability. Will all investors be affected by this? Define Accounting. What is its basic purpose? Is bookkeeping and accounting the same?
- Which of the following is a type of intangible business property that is legally protected? Select one: a. Land and equipment. b. Stock and Inventory. c. Acres. d. Jane’s registered symbol and design for her hair gel. What factors should businesses consider when determining financing needs to determine whether they can repay the debt? Select one: a. Inventory b. Equity c. Depreciation d. Liquidity The most successful businesses do not have well-defined portraits of the customers they are seeking to attract. Select one: True False Which of the following is an example of how an entrepreneur might use marketing information? Select one: a. To create surveys. b. To carry out research. c. To forecast change. d. To examine and analyze data.if someone buys a business but hires professional managers to rub it so they dont have to be involved in the operations are they an entrepreneur?According to the textbook, the definition of asset is "asset are resources that are controlled by a business from which the economic benefits are expected to flow to the business.", the definition of liabilities are "they represents negative future cash flow for the enterprise."But asset included liabilities, isn' t that contradict the definition of asset?
- Which of the following is a decision made by an internal user? A. How much money should the business budget for production? B. Should I invest in the business? C. Should we lend money to the business? D. All of the above are correct.In the financial portion of the business plan, how can an entrepreneur make the most of their investment?Why is interest Expense and Depreciation added back, when calculating Free Cash Flow, if Free Cash Flow is suppose to represent the money that a business can give out to it's lenders and Owners, without the business being affected? Can you you provide an example?
- Can a business survive without a business plan?Given what we have learned about Earth’s environment since this article was published, do you think Friedman’s statement that the “sole purpose of business is to make profits” is valid? Explain your answer.What kind of decisions are taken by the users of financial information? a. Buying, selling property b. Taking part in the production of goods c. Voting for/against management actions d. Taking loans for purchase of property