ESB Test #3 with all Correct & 100% Verified Answers |
Latest Version |Already Graded A+
1. A welding shop owner rents space in a building and Asking for an
advance
need $5000 in supplies to complete a large project for payment
from the cus-
a new customer. The bank has turned down a personal tomer whose
large order
loan request. The welding shop owner does not and la-bor
want to share ownership of the business by $(200,000),
selling equity shares to raise the funds Overhead
needed for these supplies. $(320,000),
What is the most practical source of Selling &
funding for the materials needed to Admin-
complete this customer's job? istrative
costs
2. The owner of a gas station on one side of $(110,000),
town wants to retire and offers to sell the Asset
station to a competitor lo-cated on the other purchases
side of town. The competitor agrees to cash out $(70,000),
the seller, merge the two businesses, and and
continue operating both locations. This is an Dividend
example to which exit strategy? payment
$(100,000).
3. A business is legally structured as a C
What will be
Corporation. What are the tax implications
the
for this structure?
company's
beginning
4. A charter fishing boat has an ending cash cash flow in
balance of ($20,000) in May. For the month of July?
June, the compa-ny forecasts the following
5. Which
inflow and outflow of cash: Cash Sales
characteris
$500,000, Accounts Receivable collected
tic would
$350,000, Asset sales $55,000, Direct materials
1/
13
, ESB Test #3 with all Correct & 100% Verified Answers |
Latest Version |Already Graded A+
be beneficial to an entre-preneur? is the reason materials
are needed.
Harvesting
The corporations pays
tax-es and each of the
share-holders pays
taxes.
$85,000
Doesn't give up easily
2/
13
Latest Version |Already Graded A+
1. A welding shop owner rents space in a building and Asking for an
advance
need $5000 in supplies to complete a large project for payment
from the cus-
a new customer. The bank has turned down a personal tomer whose
large order
loan request. The welding shop owner does not and la-bor
want to share ownership of the business by $(200,000),
selling equity shares to raise the funds Overhead
needed for these supplies. $(320,000),
What is the most practical source of Selling &
funding for the materials needed to Admin-
complete this customer's job? istrative
costs
2. The owner of a gas station on one side of $(110,000),
town wants to retire and offers to sell the Asset
station to a competitor lo-cated on the other purchases
side of town. The competitor agrees to cash out $(70,000),
the seller, merge the two businesses, and and
continue operating both locations. This is an Dividend
example to which exit strategy? payment
$(100,000).
3. A business is legally structured as a C
What will be
Corporation. What are the tax implications
the
for this structure?
company's
beginning
4. A charter fishing boat has an ending cash cash flow in
balance of ($20,000) in May. For the month of July?
June, the compa-ny forecasts the following
5. Which
inflow and outflow of cash: Cash Sales
characteris
$500,000, Accounts Receivable collected
tic would
$350,000, Asset sales $55,000, Direct materials
1/
13
, ESB Test #3 with all Correct & 100% Verified Answers |
Latest Version |Already Graded A+
be beneficial to an entre-preneur? is the reason materials
are needed.
Harvesting
The corporations pays
tax-es and each of the
share-holders pays
taxes.
$85,000
Doesn't give up easily
2/
13
