A After years of working in a hardware store, James takes his savings and invests in opening his own storo, James' Tools. After a year in business, James' Tools is not profiting and is in debt. In fact, the store
owes money to his supplier, Hammers and Nails, a firm owned by shareholders. Because James has been unable to pay his supplier, Hammers and Nails is also in debt
Which of the following statements is correch
Both Hammers and Nails and James' Tools have unlimited liability and are personally responsible to pay off the debt.
Both Hammers and Nails and James' Tools have limited liability and are not personally responsible to pay off the debt.
James is personally responsible to pay the debts of the company, whereas the stakeholders of the Hammers and Nails are not
The stakeholders of Hammers and Nails may have to liquidate personal assets to pay off the debt, whereas James' personal assets aren't at risk
B
С
D

Most states have licensing registration requirements for child care centers and family daycare homes. these usually include minimum standard for operation. which of the following would you most likely find required in a statement of state licensing standards for child care centers?

Kiona co. set up a petty cash fund for payments of small amounts. the following transactions involving the petty cash fund occurred in may (the last month of the company's fiscal year). may 1 prepared a company check for $350 to establish the petty cash fund. 15 prepared a company check to replenish the fund for the following expenditures made since may 1. a. paid $109.20 for janitorial services. b. paid $89.15 for miscellaneous expenses. c. paid postage expenses of $60.90. d. paid $80.01 to the county gazette (the local newspaper) for an advertisement. e. counted $26.84 remaining in the petty cashbox. 16 prepared a company check for $200 to increase the fund to $550. 31 the petty cashier reports that $380.27 cash remains in the fund. a company check is drawn to replenish the fund for the following expenditures made since may 15. f. paid postage expenses of $59.10. g. reimbursed the office manager for business mileage, $47.05. h. paid $48.58 to deliver merchandise to a customer, terms fob destination. 31 the company decides that the may 16 increase in the fund was too large. it reduces the fund by $50, leaving a total of $500.

Trade will take place: a. if the maximum that a consumer is willing and able to pay is less than the minimum price the producer is willing and able to accept for a good. b. if the maximum that a consumer is willing and able to pay is greater than the minimum price the producer is willing and able to accept for a good. c. only if the maximum that a consumer is willing and able to pay is equal to the minimum price the producer is willing and able to accept for a good. d. none of the above.