Wharton Coursera Business Financial Modeling Quiz ( all answers correctly highlighted) Sole Proprietorship - ANSWERS--Individual owners are taxed on profit AND personally liable for debts or judgments against the company Limited Liability Corporation -

Wharton Coursera Business Financial
Modeling Quiz ( all answers correctly
highlighted)




Sole Proprietorship - ANSWERS--Individual owners are taxed on profit AND personally
liable for debts or judgments against the company

Limited Liability Corporation - ANSWERS--Individual owners are taxed on profit BUT
corporation liable for debts or judgments against the company

A projection of a company's financial performance is called a - ANSWERS--Proforma


Corporation - ANSWERS--a person in eyes of law. Corporation is taxed for profits AND
corporation is liable for debts and judgments against the company

Describe the relationship between a guarantor and a bank applicant - ANSWERS--
Guarantor is a cosignor incase the bank applicant defaults or fails to pay loan back

How do you calculate contribution margin of a business? - ANSWERS--Unit Price - Cost
of Goods Sold

How would a business calculate total revenue made in the business? - ANSWERS--
Units sold x Price

What is the least expensive loan regarding interest when financing a business long
term? - ANSWERS--Secured bank loan

What are the two most expensive financing options for a business loan? - ANSWERS--
Online credit and Credit cards